can a limited company accept unsecured loan from its shareholders?

1)A private company can accepts loan from relative of directors but what when that relative is also an employee of the company?

2)we have to make them shareholders by transfering shares from directors to them:

(a) so transfer of shares would be from the date when company takes loan from relative of director?

(b) can shares be again transferred to directors when still that relative's loan exist and even he is in employment also??



Thanks & Regards
Vandana Kacholia

Can a public company which is not a listed company, cancel the share warrants?

Due to economic slowdown, the company worked only 3 days in a week whole of 2008-09.
1. Can the company charge proportionate depreciation?
2. Can that depreciation be less than that prescribed in the Sch XIV?
Thank you.

Mr. "X" is a director in a public listed company(Y), his wife is a director in another public limited company(Z) which is unlisted. There is a contract between these two companies. Mr."X" does not hold any shares in the other company(Z) where his wife is a director. Mrs.X(wife of X) holds shares in the company(Y) where Mr.X is a director.
Does it come under the purview of related party disclosure?
What would be the case if Z is private company?

Is there any restriction on the subsidiary company for giving interest free Advance against supply of goods to its holding company..? if yes then is there any time period under which this advance should be recovered..?

I want to know whether a pvt ltd company can be a share holder in other pvt ltd company.Will the other answer be different if the directors in both company are same.

Thanks in advance
Rabnoor Singh Khanna

Query Regarding Form 67 (for Form 25A) :

The Form 25A was signed by the Secretary of the Company and due to defects or incompleteness, now we need to file Form 67.

Kindly let me know how many signatories to digitally sign the Form 67.

I noticed the relevant points in the Form 67 Help File that ‘This eForm should be digitally signed by the signatories as per the relevant eForm(s) in respect of which this addendum eForm is being filed. Please note there is no restriction that the same person who has signed the relevant eForm shall sign this eForm. This eForm can be signed by any of the relevant signatories’.

NOW, CAN I REQUEST THE CLIENT TO GO AS PER FORM 25A (I.E. ONE SIGNATORY IN THE CASE OF FORM 25A) SO THAT EITHER THE SECRETARY OF THE COMPANY OR THE DIRECTOR OF THE COMPANY SHALL DIGITALLY SIGN.

AS IN THE FORM 25A, THERE IS ONE SIGNATORY, I SHALL CONCLUDE THE FORM 67 ALSO IN THE SAME MANNER.

Kindly confirm my understanding is proper so that I can advise the client.

Thanks for the response.

What is the procedure folled by the company to change their object clause and what paper filled with ROC in what way.

I want to ask that a auditor has given advances to a company in which he is the auditor. My query is that can he sign the auditors report or it is professional misconduct on the part of the auditor.

Reply as soon as possible