CAN A COMPANY TAKE LOANS FROM PRIVATE PARTIES OR DIRECTORS OR SHARE HOLDERS IN CASH OR CHEQUE MORE THAN RS.20000/-

A company is having Shares of Rs 10 as face value and Rs 90 as premium. I would like to know that whether the company can issue further share of face value Rs 10 but premium of Rs 2000.

Kindly advise us the provisions which governs the issue of shares at a premium ?

It is a pvt ltd company

This is very very urgent.

Hello Experts,

Can u pls provide ma the Procedure to acquire/ to make one co as a subsidiary co?

I am working with one BSE Listed co. and my co. is planning to acquire one pvt. ltd. by makig it as subsidiary.

whats the procedure and any other implications if any r there
pls let me know

Thank u in advance
jalpa

Dear Friends,

Please tell me the procedure to change the registered office of a private comapny form one state to another...also if possible please send me the proper format of notice & board resolutions..

Appreciate for your valuable time if you could spare ir for fwe minutes..

Thanks

what is the procedure for company name change , whether it is mendatory to file e-Form 1B

I would like to know if a proprietorship firm, or a partnership firm has a shreholding structure, or can issue shares in the family.

Dear Experts,

Page 8 of Annual Return – Clause (e) where the annual return discloses the fact that the number of members of the company exceeds fifty, the excess consists wholly of persons who under sub-clause (1) of section 3 are not to be included in reckoning the number
of fifty;


Query 1

Whether the said clause shall apply only to 'Company Limited by Members' and not for 'Company Limited by Shares'.

For Private Limited, can we strike off the said clause.


Experts’ views are requested.

Dear Experts,

Page 8 of Annual Return – Clause (g) the company did not have an average turnover of Rs. Ten Crores or more during the relevant period;

Query 1

ABC Private Limited has sales turnover of Rs.27 Crores for FYE 31.03.09.

Should we strike the above said Clause (g) in the AR, as the sales turnover is Rs.27 Crores ?

Query 2

What is average turnover ?

Experts’ views are requested.

Can A Director (P. Ltd. Com.) Payment in Cash Rs.20000/- or more pay or not ?

Dear Sir/ Madam,
A construction company entered into an agreement with a NRI for construction and transfer of flats in India. But due to unforeseen circumstances company was not able to complete the construction within time and as per agreement the company have to refund the purchase consideration. The original inward remittance came through normal banking channel and the company wants to remit the refund to NRI's NRE account. AP DIR Circular No. 46 dated November 12, 2002 allows such refund and as per the circular there is no RBI approval is required and no time limit is stipulated. But authorised person stipulates RBI approval is required as 180 days has elapsed after the original inward remittance and the company has to give application both to the AP and RBI. Please guide me whether I can follow the above circular or any other circular is there in this regard and whether authorised person's contention is right?