This Query has 4 replies
Dear Experts,
From what i read regarding issue of shares with differential voting rights as per Companies Act, 2013, I learnt that even pvt ltd companies can issue shares with DVRs after following certain provisions
However i wanted to get a few of my concerns resolved
1. Can a pvt ltd company issue shares with DVRs with superior rights as to voting like 1000 votes per share?
2. Can a pvt. ltd company issue shares with DVRs of face value Rs. 10 at 1200 per share (At the same value at which it is offering its ordinary share capital)
3. If it is allowed to offer shares with DVRs at above mentioned value of INR 1200. Will any tax liability arise in the hands of the company?
As per my understanding, provisions of Sec 56(2)(viib) of Companies Act will become eligible which states that aggregate consideration received in excess of FMV of the shares will be chargeable to income tax as Income from other sources in the hands of the company.
Please reply asap.
Thanking You.
Dwiti Chopra
This Query has 3 replies
Good Morning Sir, My brother had completed his MDS(Master of Dental Sciences) and is planning to setup a Dental Clinic in a city.and he want to name it as "Ravis International".Can he name it like that?and what are the legal consequences? please do reply
This Query has 1 replies
dear sir /mam please clarify ki Jo company 1/4/2014 or after 1/4/2014 bni h wo apne financial statement AOC 4 and Anual Return MGT 7 mai file krenge and Jo usse phle ki company bni hui h wo financial statement 20 B and Anual Return 23AC mai file krenge
This Query has 1 replies
Is it mandatory for listed company to have small shareholders' director u/s 151 of Co.s Act 2013 ? In sec. 151 word "may" have been used.
This Query has 3 replies
One of director of a company bring cash for operations, finally amount was treated as share capital, and the amounts are borrowed funds, whether the transaction is correct.
This Query has 2 replies
Can a private company issue share to its promoters at Par and to others at Premium when the issue of shares is for the first time.
Please also provide legal references in support of your answers.
Thanks
This Query has 1 replies
Who is paid first out of Secured Creditors n Workmen's dues in the case of winding up?? Plz guide
This Query has 2 replies
Can minor become director as per Companies Act'2013 ?
This Query has 2 replies
Dear Sir/Madam I want to incorporate LLP, where the client wants to have different profit sharing ratio, that means, at the time of incorporation one particular sharing pattern and while wounding up some other profit sharing pattern. Is this possible in LLP Agreement.
This Query has 2 replies
Can I know the amount of stamp duty payable for formation of LLP. LLP details are given below. Place of location : Delhi Capital contribution : 11 lacs Partners : 5
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
Issue of shares with differential voting rights (dvrs)