Please explain the meaning of "non-cash transactions" in Section 192 of Companies Act 2013 with some examples.

Hi,

According to the law, all companies listed on regional excahnges have been transferred to dissemination board. Now they have to provide exit to shareholders or list on the national exchanges.
My Query is that our company is a sick company declared by BIFR. It is non operational and banks have taken over the plant and machinery.
Now, since its a sick company, net worth is negative. So, no value can be given to shareholders.
So what should be our next step. What is the legal status in this case.
THe company does not have funds to pay for all the expenses which is in the range of 5-10 lakhs rupees.

regards,

REGARDING ADT-1 FILLING,

IF OLD PARTNER OF AUDIT FIRM WHO SIGNING THE BALANCESHEET PREVIOUSLY IS CHANGING AND NEW PARTNER SAME FIRM IS SIGNING BALANCE SHEET. SO MY QUERY IS IT IS REQUIRED TO FILE ADT -1 WITH DETAILS OF NEW AUDITOR.

A private Company is in the process of winding -up. A very small capital with only two Directors. Since the business id not viable and has losses the decision is taken to close the company.
The company has some physical shares not listed on any stock exchange and intends to sell them. The value is very small. I order not to delay the process one of the Directors has come forward to buy the shares and facilitate the process of winding up.

I want to know:

What type of a Board Resolution to be passed for this purpose. The Board Resolution has to be sent to the company for transfer of these shares.

Help me with the Resolution.
Thanking you.
A S

Dear Experts,

I have a query which is as follows :-

A company having a registered office in Mumbai wants to change its registered office to Kolkata. In this respect :-

1) What are the following eforms that are required to be filed as per Companies Act 2013?
2) Whether it is necessary to appear before the local ROC of Mumbai for the change of registered office to Kolkata?
3) Whether it is necessary to appear before the ROC of Kolkata where the registered office is about to be changed to?
4) What are the necessary documents required for the process?
5) How much time will it take for the entire process?

Please explain the ENTIRE PROCESS.

Thanks

Dear Experts,

I have a query which is as follows :-

A company having a registered office in Mumbai wants to change its registered office to Kolkata. In this respect :-

1) What are the following eforms that are required to be filed as per Companies Act 2013?
2) Whether it is necessary to appear before the local ROC of Mumbai for the change of registered office to Kolkata?
3) Whether it is necessary to appear before the ROC of Kolkata where the registered office is about to be changed to?
4) What are the necessary documents required for the process?
5) How much time will it take for the entire process?

Please explain the ENTIRE PROCESS.

Thanks

Dear Sir,

what is the procedure for appointment of auditor in case of a company where rotation is b not required? for how many years they can be appointed as an auditor? apart from ratification at AGM whether the company has to comply with any other provisions in the following years?

Dear all,

I have to incorporate a LLP with the object of Stock Broking,

1. whether inprinciple approval need to be taken with the SEBI?

2. What is the procedure to get in principle approval from SEBI?

Thanks

A co. having a share capital of rs. 1 lac has loans from directors and their relatives for Rs 25 lacs on 31.03.2012. After that the co. did no operations. No filing etc . Now the co wants to start operations.
As per companies act,2013, a special resolution should have been filed till 31.3.2015. Exemption was given on 5.6.2015.
But the co has not filed any resolution so far.

Now as per companies act, 2013, is there going to be any contravention of the act regarding the loans?
Can the co. Continue with these loans?
Sir plz answer...

Dear Sir,

I am in process to setup a PVT company in India. i have filled my application with three director. i want to know how i can be owner of company as i am not in director list.
All three director are ready.
i want strructure like Owner-----------Dir1/Dir2/Dir3.

Plz suggest