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There is one private comapny wants to carry on the business of developers & builders in the areas of Big Malls, Showroom, IT edifice in India by taking funds from foreign individual investors and foreign private equity.
In return of that funds company will allot Reedeemable Cumulative Preference shares at agreed price. These shares shall redeemed after specified period say 3 years.
Is it allowed under FEMA and If yes what procedure will have to follow? If No please expalin reasons?
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can promoter/ directors and the group can take up shares of a listed company thru preferentail allotment to the tune of 50% of the shares ( i.e 10 crores out of the authorised 20 crores )or there is any limitation as to the % to be taken by promoters by sebi
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Does the law or listing agreement specify the frequency of the meetings to be held under this committee???
our co , listed co ,follows a policy of having this meeting every 15 days
cant we make it quarterly??
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is there any way by which a company can acquish(take) the shares from its sharesholders without the shareholders wish ? the applicable section and the treatment regarding this is bonafide act in the view of law and as well as companies shareholders ?
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Is it necessary to mention all the sections in laws paper ?
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Dear All,
Can you guild me what are all documents required to be file with registrar of company and respective regional director for Section 25 company incorporation.
Thanking you in advance.
Best Regards,
Rakesh
This Query has 2 replies
DEAR ALL
PL. CONFIRM ME ABOUT FEE/CHARGES ABOUT INCORPORATION OF COMPANY,AND WHAT ARE THE PROCEDURE FOR YHE SAME.
THANKS,
H.ARORA
This Query has 1 replies
Re: Clarification
Facts of the case
Treatment of Charges filed by Transferor Company (say A Ltd.) upon its amalgamation with Transferee Company (say B Ltd.)
A Ltd. got amalgamated with B. Ltd. vide amalgamation order dt. 1.12.2006.
A Ltd. had earlier filed some charges which are still appearing under its CIN, even after amalgamation
A Ltd. does not have any signatory registered for signing and e-filing any documents
The charges created by A Ltd. needs to be satisfied.
By virtue of amalgamation order, all assets and liabilities of A Ltd. got transferred to B. Ltd.
Queries:-
1. Do the charges created by A. Ltd. automatically get transferred to B. Ltd. by virtue of the amalgamation order of the Court.
2. If not, what should be done in order to transfer the charges from the CIN of A Ltd. to that of B Ltd. so that B. Ltd. can make arrangements for their satisfaction?
3. In case any document is to be filed under the CIN of A Ltd., who is going to sign the same keeping in view that fact that A. Ltd. does not have any signatory registered for signing and e-filing any documents?
4. What is the time limit within which, documents if any, are to be filed for effecting this transfer? In case of delay, if any, what is to be done?
Kindly provide your valued advice to me at sundeep111@yahoo.com
Regards
Sundeep Jhunjhunwala
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can u provide format of notice of board meeting ( agenda for discussing about conduct of statutory meeting)
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Sch13 clearly demarcates that any asset less than Rs.5000 shall be written off from the books.If a MNC corporate doing business in india in the name of a subsidiary has got a corporate policy of writing off its assets that has got value less than $400, then can the indian co. expense off assets costing less than Rs.16000/-...will it be in violation to Sch13 requirement prescribed by CA,1956...
FOREIGN EXCHANGE MANAGEMENT ACT, 1999