Hi,

We established a private limited company in 2012 in order to get into manufacturing of electronic components related to solar industry, but the company did not do any business since incorporation.
Now, we have two options - either shut down or sell it to some one.

1) If we have to shut down, what is the procedure and how much it may cost in terms of patently etc. The company neither have created any asset nor have any liability.

2) If we have to sell it, one of the director is interested to take it over either by incorporating a new director or by operating as a sole director under the provision of the new company act 2013. If this option is to be followed, what are the procedures and and again how much it would cost? Is it a good idea for the interested director to revive it or instead he should register a new company?

3) Which one would be a better option in terms of lesser legal complication, time requirement and cost?

Hope to receive your expert answers at the earliest.

Regards,

Nayan

Dear Experts,
While taking name approval of subsidiary of Foreign Company, we encountered with and error, “If the promoter is a foreign company then need a appositlle copy of board resolution is required”.

My query is that, what is appostitlle copy of Board Resolution and how to encounter with the same.
Thanking You,

Can you tell me here where to get the sole properiotership registration for my firm which is in Rural Area.

Actually I have online business lets say working on website, marketing online etc etc but my place of business is in rural area that is not coming yet under NAGAR NIGAM. So you have idea where I can get it registered with the local govt so that I can be able to open the bank account on the firm name.

Thanks in Advance.

IF I want to apply a name for the company XYZ Films Pvt. Ltd. and if already a company register with the same name XYZ Production Pvt. Ltd. the Object clause of the both the company is same.
Is XYZ Films Pvt. Ltd. name approved by the ROC ? If not why?

There r four directors/shareholders in the ratio of 25% they held shares. Now problem is one partner is harassing the mgnt n hence forth the other three partners asked them to transfer the shares to three of them n asked to leave the business . So is this possible that partner causing the problem can be thrown out of the place by other three?

Hi,

Recently a public company got converted in private limited.
Please advise what are the procedures to be followed by the co. after conversion into private limited.Like
1. Whether it is required to amend Statutory registrations like EPF, ESI and Service tax, after the conversion?

Also please suggest whether a Private Limited company use Pvt. Ltd. in its name?

Thanks

Respected sir,

we incorporated a Pvt Ltd company, for which their are 2 directors one of them is a foreigner and its a 99.9% subsidiary of a foreign holding company.

My query is for the purpose of Inc-21 Commensement of Business
1.to conduct the 1st Board meeting, can it be done by one director present in india.
2.is thier any procedure where by its is conducted even though the other director is not present in india.

Thanking you sir,

Narasimha

DEAR EXPERT,

WHETHER STATUTORY AUDITOR HAS TO SIGN HIS ANNUAL REPORT ONLY AFTER IT IS APPROVED BY THE BOARD OF DIRECTORS IN THE AGM?

Kindly let me know what points to be discussed in Audit Committee meeting??

Whether the Loan which is taken from the Directors by the Company during the F.Y. 2014-15 required to be filed in Form-MGT-14 or not.In which declaration has been taken from the Directors that Loan was given by the Director from his own funds and whether Board Resolution is required to be passed every time we have taken the Loan or we can pass one Board Resolution in the end of the year for the whole amount which was taken during the year .