Hi
Can a public company waive the loan due from directors. What are the consequences.
Can the company declare dividend and adjust the balance due from directors against the dividend to be paid by the company and pay the dividend distribution tax.

Thank u
Regards
CA Sayeeda

A company is going to register with the share capital of Rs.25 lacs for that how much they have to pay as stamp duty with respect to MOA and AOA.

Is it mandtory to file form 23B (For Auditors Appointment) for all companies or their is some threshhold limit.

RAW MATERIAL VALUED AT COST AND FINISHED AND WIP VALUED AT LOWER OF COST OR MARKET PRICE. CAN THE COMPANY DO SO.
PLEASE ANSWER

Sir, For increasing Authorised capital first after conductiong meeting we need to get our AOA Altered and then we have to file form 23 and form 5 or first we have to file the requisite forms.

Please tell in which sequence we should move.

Thanks

Dear Friends, a warm greeting to all.

Can any one please tell me that whether a Listed Company (Trading Suspended form last many years)which is a sick company having no business, has to follow the corporate governance norms prescribed by the Clause 49 of the Listing Agreements. Is it mandatory to follow for such company.

Sir/Mam

A company has Equity share capital of Rs. 50 lacs and preference share capital of Rs. 50 lacs now, it wants to convert its Cumulative preference share capital of Rs. 50 lacs into Equity Share Capital. I would like to know that when we file Form 5 and form 2 in this case, then do we have to pay stamp duty on it as it has already paid at the time of issue.

Hi,

It is come to our Notice that there is an error in the Master Data of the Company in MCA site. We send a Master Data correction request to the concerned RoC. However, our request is not entertained by them saying that the company is formed in 2006 and the facility is not available for companies formed after computarisation of ROC affairs.

On our perusal, we have realised that the paid-up capital is shown more than what is actual.
The error is copied from the error on Form No. 20B filed.

We would like to get this error corrected

Kindly advice us the course of action to be done.

best regards,

Rajesh Pillai

Friends,

One indian company exporting goods to uk. they have one person in uk like agent. invoice will be raised in the name of agent. he will sell the goods in uk to various parties. the payment to the indian company, agent will send only 90% of the invoice amount. 10% he will retain.

is there any restriction under fema for this transaction?

There is A Pvt. Ltd. which becomes on 1st April, WOS of B Ltd. And so provisions of section 3(1)(iv)(c) it becomes Public company.

SO the question is whether application to ROC for conversion of the company is mandatory?

if yes within what time?

If ROC convert the company to a LTD company on application from when the covnersion be effective for the purpose of application of other provision of Companies Act, as may otherwise be applcable to Pvt. Companies.

And should be the status of the company during the period of application is pending