Hi,

A company has been incorporated in the year 2008 and till now it has not carried on any business.Does it have to furinish the audited accounts while making the application u/s 560? cant it just give a declaration saying that there were no financial activities in the company and that the company has no assets or liabilities instead of furnishing the accounts?
Please guide

Company "A" has a subsidary company "B" w.e.f. 06-01-2010. "B" is also a shareholder in company "A" another company "C" also holds 49.5% shares of company "A"

As per Section 42(3) of Companies Act, 1956 "B" can't vote in the meetings of "A" if voting power of "B" is reduced from total voting power of "A", than voting power of "C" would be more than 50% to the remaing voting power of "A"

Would "C" be the holding company of "A" as per sectoin 4 of the Companies Act, 1956?

i)comparison between public ltd listed company and unlisted company
ii)advantages in unlisted public ltd

Can any Company receive Share application money in cash?
Provide details with section refrence?
Its urgent please...

What is meant by the term 'Subscription list'?
Also explain the meaning of the pharse "time of opening of subscription list".

Thank you.

Dear All,

Good Day,

Pvt. Ltd. Company gives a Unsecured Loan to it Sister Concern Ltd Company Rs. 20.00 Lac Directors or Share Holders are same in the both Company. Two Shares Holders having >20% shares in both also.

Whether the payment of Unsecured Loan will be Deemed Dividend or not.

Is any other consequences will arise against the same.

Please advise

Hi

Could anyone please forward a board resoluton for taking premises on lease for industrial purpose.

Please do the needful.

Dear Sir/Madam,

As per Sec.372A(1) :

1.(Is it 60% of PU Capital + 60% Free Reserves) or 100% Free Reserves OR

2. (Is it 60% of PU Capital + 100% of Free Reserves) or 100% Free Reserves.

Please confirm whether 1 is correct.

Regards,
Vignesh J

We are in the process of incorporation of a private limited company. Company name has been approved by RoC. Now directors want to execute leave and license agreement immediately for work area of company. So before incorporation, in whose name is the deed to be executed? Company or promoter director or all the promoter directors?

Dear All

A company has availed a ccol- 50 lacs,PC-20 Lscs, and FSL-50 Lacs.The charge was created on the immovable property of the company in ROC for 120 Lacs[aggregate of all facilities]
Subsequently, under instructions from HO, the exposure of the company was reduced to 80 Lacs.Thats is done by reducing CCOL limits to 20 Lacs and a fresh OD account was granted for 10 lacs[all other facilities remains the same].Now the aggregate limit is Rs.100 Lacs.There is no change in the security.Now my question is should we make modifications in the ROC as regarding the new facility and reduced limits ie: OD of RS.20 Lacs,though the overall exposure is less than the amount which was originally refistered with ROC.There is no change in the security[securities are immovable property and hypothcation]

Please advise at the earliest