A pvt ltd comapny is in receipt of share application money from its non resident parent comapny. The money is received in USD and the board resolution was passed for alloting X number of shares to the parent comapny for the amount of capital invested in USD at an agreed exchange rate of USD 1 = Rs. 44.

All the shares were alloted for the complete share application money but due to difference in exchange rate agreed in Board resolution and rate at the time of actual receipt in bank account, the pvt ltd company recorded a exchange gain of 2 lacs.

Are there any restrictions on using this money by the company?
Does it need to repatriate this amount to parent company abroad as per FEMA / RBI guidelines ?

Are there any timelines to do it? If the time lines have expired and the amount is still with the indian company what are the legal consequences?

Dear Sir,

Consider the following case,
Mr. y is the Brother of Mrs. X.

Mr. X and Mrs. X are directors and 100% stakeholders of X P. Ltd...

Mr. Y and Mrs. Y are directors and 100% stakeholders of Y P. Ltd.

XPL enters into a contract with YPL for supply of goods.

Is Sec 299 applicable?

Pls provide the rules for passing any resoltuion by way of Circular resoltuions

Dear Sir/Madam,

The Companies (Preservation and Disposal of Records) Rules, 1966 mentions only 4 docs.

Are there any Rules for the complete list of docs and records under CA Act?

My Specific Query is for how many no. of years are the Form 24AA needs to be preserved?

Kindly clarify.

Regards,

Vignesh J

We are planing to transfer some of the shares of A company to B company and C company on back dated suppose on 26 Oct 09. We have arranged share transfer form, but I would like to know while paying stamp duty whether there will be any problem as the same is backdated.

Kindly advise me on this matter

Which is the best form of company (Prorietership/Partnership/LLP/Limited Company) to do software Service business with a foreign company ?

From following point of view
1) TAX
2) Ease of operation
3) Any special provision for STPI/SEZ

Thanks.

is a pvt. co, 51% of whose shares are held by a company incorporated outside india and the remaining 49% is held by another pvt. company incorporated in india, treated as asubsidiary of a public company? Do help.

Thanx.
Amruta

is it complusory for a private limited company to hold board meeting once in every quarter? if any private company did not comply then what is the consequences under the indian companies act,1956?
please clarify with case law if any.

private limited company has two directors.

on 23-10-2009 one director is died.

the existing director want to appoint another person as director who get din on 6-3-2010.

now question are

1) whether second proposed director can be appointed as director on 23-10-2009 when he has no din but on 17-3-2010 at filing roc form 32 he has din?

2) on what date the second director should be appointed?

3) how many days are allowed for appointment of second direcotr when there is only one direcotr?

4) within how many days i have to filed roc form 32 after appointment of director?

Hi,
Can any body through some light on "How much will be the approx cost (Consultancy and other expenses)for merger process of a 100% subsidiary private company??": thanks & regards: Saida