Sir,
I want to know that there is an existing Partnership Firm & another existing Company. Now the partners of the firm wants the firm to be merged with the Company so that the firm gets dissolved & there portion of Capital is invested in the Company. Can you please guide me with the procedure of the same?
Thanking you,
With Regards,
Subhendu Chakraborty.

Is it legally valid for a private limited company to accept the share application where the sum of such share application money and the paid up capital exceeds the authorised capital.
I think it is not legally valid. However I have seen many companies which have accepted share application money in excess of authorised capital of the company

I want to know the PRACTICAL procedure of voluntary liquidation of a pvt ltd co.as to what steps need to be taken. It would be better if anyone can provide me with a 'list of things to do' or a 'checklist' with comments.
Note : Please do not give theoretical views.

we have formed a pvt ltd company in india in which a company outside india is the shareholder now if we want to take loan from that company whether RBI permission is requred before bringing money or we can
inform RBI after funds are brought into india.

In one of the company, they make public issue in 1993-94. They put the application money in separate bank account in CENTRAL BANK. However, today they are a showing balance in that bank and application money refundable account eventhough more than 15 months passed.

However, as per section 205c of the companies act, it has to be transferred to INVESTOR PROTECTION FUND. The official of the company has told that CENTRAL BANK did not give any debit advise so they kept the account as it is.

However, I am not convenience with the answer and I think that amount has to be transferred to INVESTOR PROTECTION FUND. Give your valuable suggestions.

Regards,

Jigar

If any private company can take loan from the following persons is perimitted
1) Directors of the company
2) Any other persons
3) Registered Private money lenders
4) Relatives of director

If not permitted what wil be the effect of this transaction. Please advise me in detail.

Pls tell me whether it is require to pass ordinary resolution for reappointment of M.D. in private ltd.Co.? which ROC forms are required to submit for such reappointment?

Dear Sir/Madam,

Has government delegated all his power under SCRA 1956 to SEBI, & if not all then pls tell me under which section's power has been delegated to SEBI.

Thanks & Regards
Anil Mittal

Hi All,

I have a query regarding Investment U/s 292 and 372A.

Can we pass the resolution by circulation under these sections for investment.

one more thing is there. Can a general authority can be given to MD to invest within limits prescribed U/s 292 and 372A.

I am of the view that a proper board meeting is necessary for resolution U/s 292 n 372A

Please Explain.

Regards,
Anirudh

Partnership Act 1932 says that registration of firms is not compulsory but to get the benefits of registration the firm can be registered with the registrar of firms.
Companies act 1956 says that if the in a firm no. of partners exceeds d maximum limit which is 10 for Banking co. n 20 for other firms then d said firm has to get itself registered under the companies act with the ROC otherwise it will b classified as an illegal association (Sec. 11).
Can it b concluded that a partnership firm can be registered under partnership act if no. of partners fall within d max. limit.
Kindly help.