Dear All,

I wanted to know whether there are any special provisions in the company law for forming a subsidiary company.

Also i wanted to know whether any provisions are there for transferring business by forming a subsidiary company.

Awaiting your replies at the earliest.

Arvind.S

consider the below example:
A Ltd having Fixed Deposit in a Bank worth Rs. 10,00,000/- and Shown under Current Assets in the Balance sheet.
Subsequently, A Ltd taken a loan of Rs. 2,00,000/- against this security of Deposit and the banker has created a lien.
Query:
1. whether loan taken against this deposit should be registered with ROC u/s 125?
2. if yes, what is the procedure? and what is the consquences of non-registration of charges?

Hi everyone

Will anyone please let me know that can board meeting be conducted on the day on which company is taking loan from its directors.If yes then can anyone please provide me with the format of resolution borrowing unsecured loan from its directors please.

Is there any restriction on a private limited company to take unsecured loan from a person other than director or shareholder?

Is it necessary for a private limited company to keep the share application money in a separate bank account?

In Case of public Co there are explicit guidelines for application & refunding of application money, but expect few "if's & but" in FEMA/RBI guidelines the laws are literally silent regarding treatment of the same in case of a private co.As such i have observed audited Balance sheets(Pvt Co) wherein "application money(pending Allotment)" appears as a multiple or times of the paid up capital even at times surpassing the authorized capital.
Honorable Experts,Plz Clarify the following in parlance of the aforementioned observations:

1)How can a Pvt Co have excess Share application money since there is no question of Over subscription.
2)Share application money is a part of prospective share capital yet to be alloted then should'nt it be locked up in special account without any mis-utilization?
3)The comments of the auditors concerned spells that(verbal explanation)it is the owners fund used temporarily for financing the working capital which may be withdrawn again.If this is true then is'nt the concept of corporate veil invoked(one man business)?

Please provide me your most valuable comments.
Sincerely thanking you all in advance.

can preference shares be redeemed at a discount? if so, what is the procedure to be followed u/the co.s Act?

Can a Person Be appointed as A Director of the company without having DIN

To increase the authorised capital of the company what type of resolution to be passed in General meeting Special or or ordinary .
If ordinary then whether same is required to befiled with ROC

To increase the authorised capital of the company what type of resolution to be passed in General meeting Special or or ordinary .
If ordinary then whether same is required to befiled with ROC