Dear all,

Could u plz tell me: Whether a partner in a partnership firm can become a beneficial shareholder (i.e. on behalf of a firm) in a private limited company. If yes, the relevant section

Secondly, would the investment be reflected in books of the firm or the partner in individual capacity.

Thanking you for your co-operation and awaiting for your responses

The private limited company was incorporated with Rs.1 Lac.

Subsequently, the company has allotted shares to one of the two directors say Rs.5 Lac.

Now, the total paid up capital is Rs.6 Lacs.

I noticed in the company's first annual report - balance sheet abstract page - it is mentioned only Rs.5 Lacs as PRIVATE PLACEMENT.

Is it right or it should be Rs.6 Lacs ?

Expect the comments of the Experts'.

ABC Private Limited is doing consultancy services.

As per P & L, the company has following income :

Consultancy Fees : 100000
Reimbursement of conveyance expenses : 25000

Interest from bank deposits : 15000

Is it appropriate, if I mention in the field Turnover as '125000' under the heading - III. Turnover details of three principal products or services of the company (as per monetary terms) ?

Experts may confirm, if possible.

II. Financial parameters - Profit and loss account items (Amount in rupees)

Field 3. *Income in foreign currency

Whether this field is meant for the 'INFLOW OF FOREIGN REMITTANCE' or 'INCOME IN FOREIGN CURRENCY'.

In my case,

I have uploaded the Form 23ACA wherein I have mentioned as '0' in the field 3 as above. (even though, the company has received foreign remittance say Rs.55 Lacs, which is towards the subscription of shares and not towards income).


Experts' may confirm whether my understanding is in order for mentioning '0' in the field 3, keeping in view the fact of foreign remittance received.

In a Pvt. Ltd Company can share holders propose and appoint a member as a Director in an Extraordinary General meeting. If so, under which article of Companies Act 1956 it can be appoint.

We are 10 people in accounting background i.e.practicing consultant,CA,CS etc.wanted to form a PVt ltd co.for availaing outsourcing the accounts,taxation,legal,co.matter etc.work.Kindly give me advice on that how we can finalise the body and form the company?Is any consulatncy firm form a company.

Please suggest me the procedure of providing details of transmission of shares in annual return (Form 20B) in case where one holder dies and shares transmitted to another joint holder.(If it is same as transfer of shares or different)

Dear Members,

A Pvt Ltd company having 3 members; registered and situated in west bengal has Authorised Capital of Rs 5 Lakhs.

They want to increase the Authorised Capital to Rs 10 Lakhs.

What will be the stamp duty amount to be paid ?

How to calculate the same?

Also what will be the ROC Fees and other charges to be paid?

Kindly also give what all formalities to be compiled with in this connection.



Regards

deepak agarwal
article

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As per Section 383A of the Companies Act, 1956, a CS is required to be mendatorily appointed by a Company having share capital of Rs.5 Crore or more. Is there any similar provision in the Companies Bill, 2009 for compulsory appointment of CS?