Dear all
please advice on this.

since the notification exempting the private companies from few section of ca 2013 has been issued, the provision of section 185 are not applicable to private limited company ( subject to fulfillment of certain conditions).

so now private ltd company can give loans to director or relative etc.

My question is

1) do we have to check the applicability of section 186 on loan given to director or their relatives

thanks in advance

Are the provisions of section 152(40(iv) re: retirement of directors by rotation applicable to a Pvt. Ltd. Company,which is a subsidiary to a Public Ltd. company?However,its AOA does not contain any provision re; retirement of directors by rotation.

can anyone tell that what are the provisions if trust has accepted the foreign investment without approval from FIPB???? and what are the compliances for a trust to accept FDI in india???

A client wants to reg a Pvt ltd company for Spa, saloon, Cafeteria & Sheesha lounge. My question is whether all of above mentioned buisness can be done in a single company will it be poosible...will ROc will approve the same...and if yes what should be the object for name approval....

Sir, a small company whose AGM was held on 30.09.2014 , has yet to file Form 23AC and 23ACA for F.Y.2013-14.How to count the period of delays and filing of additional fees as on 30.06.2015.Can it file the same on 30.06.2015.Please help.Thanks.

Two directors residing aboard did not attend the last five board meetings.Though leave of absence was granted to them.As per section 167(b) the office of Directors becomes vacant. Though notice of meeting was served to them. Now shall I file eform DIR 12 for vacation of office and then appoint them as additional directors and then approve their appointment in agm.

The listing agreement provides exemption from obtaining approval of Audit committee for related party transactions between two government companies. MCA vide its notification dated 5th Jun’15 provides exemption from obtaining approval for related party transactions between two government companies.
MCA has granted exemption from section 188 for transactions between two Govt. Companies but not from section 177(4) (iv).
Terms of reference of audit-committee inter-alia includes approval or modifications of all RPTs.
Therefore, above transactions need approval of audit-committee. However, no approval of the board/shareholders will be required, if it does not attract section 188.
Others may express their views on the matter.

Sir/Ma'am,

Is Due Diligence Report necessarily made for a financial year or it can a time duration demanded by the bank?

Mr. X is to be appointed as Managing director in forthcoming AGM and holds 30% of shares. and Mrs. Y is additional director, wife of Mr. X, holds 5% of shares and will be regularise in forthcoming AGM.

Can Mr X/ Mrs. Y vote on appointment of himself/ her self?

Can both vote on appointment of each other?

plz help. Its urgent.

Is companies act 2013 applicable on financial years beginning on or after april 2014? and not on financial years which started before april 2014 and whose ending falls after april in 2014?