Hi friends
in sec.162 two or more director can only be apointed by a single resolution if before that resolution a resolution for doing so is passed in meeting.
Now my question is resolution for that resolution is to be passed in GM or BM.

We have formed a Pvt Ltd company with two directors only who are shareholders only. Paid up share capital is 3 lakh rs only. Now we want to bring in 50 lakh rs from director (ourself) as unsecured deposit. Please give detailed procedure for the same. Is it required to file the same with ROC with complex procedure?

Dear all

what is the time limit for allotment of securities after receiving Share application money from the members for a public company?

As per co act 2013 our co (pvt ltd co) falls under the category where they need to appoint internal auditor as it has outstanding loan from PFI of more 100 crores in 2013-14 but till date we have not appointed the internal auditor. now i want to know what will be consequences as sec 138 does not provide an penalty

Is this a mandatory condition to follow while doing Private placement (in a pvt. ltd. co.)-
Allotment must be made for not less than Rs 20000/‐ of face value of the securities for
each allotee.

If yes, than where it is mentioned and what is meant by 'face value'of securities. Please reply at earliest convenience.

Dear All,
Plz suggest me a book for The Companies Act, 2013 except act. which covered act as well as rules in the simple language.

Whenever i am trying to upload an e form, after 100% complete the upload, the browser window automatically closes or session expires or display blank page !!!!

Anyone knows the solution..?
Thanks in advance..

Sec 62(1)(a) talks about the rights issue but does not clarify about the consideration (whether in cash or kind), neither the rule mentions anything about the same, so

a)is it possible to issue right shares to directors of a pvt ltd company; for non-cash consideration to one director and in cash to another. here the directors are the only shareholders in company

b)if we can allot the rights issue as above will it be mandatory to get valuation report as in case of private placement.

Kindly clarify the above.

Can a Company take deposit from shareholders according to section 73 for this reason that Any amount brought in by the promoters themselves or their
relatives by way of unsecured loan in pursuance of a stipulation of
any lending institution on the promoters. Such exemption shall be
available only till the loans of the Financial Institutions are not
repaid and not thereafter.

There is A pvt limited company having 25 lacs authorisied capital and 2lacs paid up capital. the company is in-operative since its Incorporation. date of Incorporation is August 2013.now the company is strike off under sec. 560 voluntarily.What to do with the subscriber money.AND do the company need to close its Bank Account. If yes then what is the treatment with the amount in the account. Plz suggest.

Thanks in Anticipation



Regards
ACS Savita G.