thanks to all for providing a great platform


sir i am planning to start a web based and sms based service by forming pvt ltd company

thinking of 1 lac as paid up and 3 lac as authroised and my company name will hv systems or solutions in name

is there any rule if i use this words solutions or systems in my co name authroised capital should be this much ... ex: (india as a part of name autroised must be 5 lac)

can u please clarify the conclusions of section 68B of companies act 1956, regarding issue of securities in Dmat Form

Dear experts,
please answer my query.

An unlisted public company gave an loan interest free Rs.265,000 to a director X in contravention of Section 295 during the FY 2006-07. The auditor qualified this in his report, but no action was taken by ROC.
Now this director has resigned from the company on 01.04.2009 and transferred his entire shares. During the period, he has returned only about Rs.3,000. The company is considering to write off Rs.262,000 due from him.
Is this possible? what are the procedures to be followed?

Another Director Y was given a advance for conducting the business of the company. Mr.Y has resigned from the board with some surplus money due to the company, and he also transferred his stake. Can this amount be written off as an irrecoverable debt? Is there a process to be followed?

What are the adverse implications from govt authorities in both the cases?

Please explain to me what to do.. i will be very grateful.. thanks in advance...

company's books of account are stayed with other place than it's Register office. is it Reliable ?

Dear members,

I have stuck with a problem in filing a Form 17. our company has taken secured loan from a Foreign Bank and charge was created. We repaid the loan and now we want to registered Form 17 with ROC. But the problem is that the concerned Bank has no Branches in India and they are not having DSC registered with MCA. As form 17 requires Bank Manager signature we are not able to file Form 17.
Pls. guide me in this matter.

If one private limited company sell the the 100% stake shares of its own subsidiary to another private limited company where the Directors are interested parties. Whether Section 297 of the Companies Act,1956 is applicable for the transaction. If Yes/No please justify

Whether a private Ltd. Company can collect Share Application Money in excess of Rs. 20,000/- in CAsh. Whether Sec. 269SS and 269T of IT Act, 1961 are applicable for Share Application Money.

From

CA Vijay

Suppose there are 4 subscribers to the Memorandum so in that case what will be the date of allotment i.e. date of incorporation or some other date?

I have Obtained the Digital Signature Kit for my Client Company.
Pl. guide me step by step how to file the Online Forms and How to generate the Payment Challans etc.

CA Vijay

Dear All,

Would like to know in case of ESOP to Key managerial person, whether difference between allotment price and valuation price of shares incase of ESOP will be consider as managerial remuneration.