dear all,

Please guide me on my following query;

We are private limited Indian Co. which is subsidiary of Japanies ltd. co. ,we regularly trade with parent co. through our purchase sell contract ;

these Co .are closely held Co. having common directors.

Plese tell me is it require to take Govt approval for regular sale purchase contract of the Co. U/S 297

We have taken FIPB approval for our collaboration is it sufficient and if any approval is required what is procedurre to take this approval.

Thanking you in advance for your reply

Can a private ltd company convert its unsecured loan into equity share capital.

Dear Frnds,
I do like to ask that tll what time the shre application money can be kept without alloting or refunding to any one in same form as share application maoney.
Plz also ref the relevant provision.
Plz also do refer the full procedure for treatment of share application money
Thanx

Company A & B have a common director in between. Company A purchased Fixes Assets (Motor car) from Company B.
Whether it is covered under section 297 and whether needs to be diclosed in sec. 301 register of companies?

Is it compulsory minimum salary of Rs3500 in the case of public ltd. company for every employee.

Dear Professionals

According to section 299 every director is required to disclose his nature of interest in a contract entered into or to be entered into by or on behalf of company.

But Sub section 6 of said second says that whenever there is a contract or arrangement between 2 companies, section 299 will not be applicable if holding of one Director or combined holding of more than one director does not exceed 2% in other company.

Query:

If A, B, C are the Directors of the public company and individual holding of A,B &C in another public company is less than 2% but combined holding of A,B, & C exceeds the limit of 2%.

Then in that case disclosure is required under sec 299 (6) by all the three drs A,B,C.

& Section 300 restricts the interested director to vote if they are interested.

Are all drs A,B,C restricted to vote acc. to section 300 even if individual holding is less than 2%.

Whereas Section 300(2)(d)(ii) says that section 300 will not be applicable if the director is holding is not more than 2% shares in other company. Is this section talks abt the individual holding of director.

Thanks & regards
Deepika Bhardwaj

Can a Private limited company by a resolution in Feb 09, resolve to end the financial year on sep 08 .

A foreign company intends to form subsidiary in India. Considering the nature of activity, it requires permission from FIPB for setting up the subsidiary in India. How to approach? Do we need to form the company first? or seek the permission for the formation of the same? where the office of the FIPB is located where the applcation could be made? and which form is to be forwarded?

whether effective date has been notified by the CG for the above mentioned sections...

whether effective date has been notified by the CG for the above mentioned sections...