Is consolidation of subsidiary a/c with holding company a/c a legal requirement?

Is there any provision in the companies act related to consolidation of financial statement of holding and its sibsidiary(ies)?

Whether holding company which is private limited company are required to prepare consolidated financial statement of their susidiary(ies)?

Brijesh.

Please send me the draft of board resolution for NBFC for not accepting the public deposit

Thanks & regards
Ujwala
Mail Id : Ujwalajuwatkar@rediffmail.com

Dear all, our Public comapany having only 7 members and paid-up capital of rs.7Lakh divided in share rs.10 each. authorised Capital Rs. 50Lakh.
now we want to allot additional shares of rs. 40Lakh.
whether these all additional shares can be issued to a particular member among of seven? advise in brief

Is it mandetory for a private ltd. co. to file form 23ACA with P/L as an attachment, because P/L is also required to be attached with form 23AC along with balance sheet?

Please advise me the procedure for revised e-filing of form 23AC and 23ACA along with the attachments in MCA portal.

hello,

A foreign comapany has established a 100% subsidiary company in india ( 99% is held by it through a director and 1% is held by the other director, both the directors being foreigners).The company is being managed by an indian manager.

My query is

1. Is it mandatory that both the directors must present for the AGM ( as both are share holders, two shareholders constitute quorum) ?

2. Can a director ( who holds 99% of shares on behalf of foreign parent company ) appoint a proxy to attend the AGM. Can the presence of this proxy can be counted for the purpose of quorum ?

3. What will be consequences if an AGM is held with the help of a proxy ( appointed by the director who holds 99% of the capital on behalf of foreign parent company) and a director ( holding 1% share capital )?

Thanks in advance

Please tell me in detailsthe procedure for increase in the Authorised Capital of a Company.

Thnaks

Hi friends,

There is a company say ABC Pvt. Ltd., its main object is to provide financial services and many other object clauses(56).
Now we have to change the name of company to ABC Insurance Broking Pvt. Ltd. and object clause also.

My question is can we change the main object clause of this company to a single sentence i.e."To provide insurance broking services " only and delete all other earlier main object and ancill. objects(56)
from MOA.

Regards,
Abhilasha Pandey

Is It Compulsory For A Private Limited Company To File Return of Allotment of Shares in Form No. 2? If Yes When It Should Be Filed i.e. Time Limit From Allotment. What Are The Consequences For Not Filing.

Dear All,

Under what conditions a 100% subsidiary (pvt ltd company) of a Foreign company would require lenders/creditors prior approval for change in its shareholding pattern?

Example:
XYZ Pte Ltd, a foreign company holds 100% share of ABC Pvt Ltd, an Indian company. Now it wants to transfer some of its shareholding in ABC Pvt Ltd. Under what circumstances it requires an approval from the lenders of ABC Pvt Ltd?

Pls provide the relevent section.

Rgds
Mahesh