Our co.gives directors remuneration to one of its director Rs.300000 per month. Every month entry of directors remuneration is made but the amount is actually not given to the director and transferred to directors current account.
And the director transfers app.Rs.200000 per month to the company and trandferred to current account...
What are the implication of the same as per companies act 2013 as director doesnt withdraw remuneration amount and even gives amount as loan to the company????????

One of my friends wants to transfer her father's shares in her name. Her father died in a car accident about 10 years ago. She didn't know about the shares then. Recently,she received a dividend warrant from one of the companies and came to know about her father's shares in the company. Now she wants to transfer them in her name but she does not possess any share certificates or any other details. All she has is the dividend warrant in her father's name. Now how can she transfer them in her own name? kindly inform the whole procedural part. Whether the transfer will be under the new companies act? where can I find the complete detail?

Dear Members,

ABC Associates, consisting of 3 partners i.e. Mr. A, Mr. B and Mr. C, is a Statutory Auditor of M/s. XYZ Pvt Ltd. Auditor Mr. A's wife Mrs. A is one of the shareholder of the company i.e. M/s. XYZ Pvt. Ltd. holding 1000 eq. shares. Mr. B another partner in the firm signs the balance Sheet of said company.

Will this get covered under disqualification specified u/s. 141(3)(d).

Can Indian Company (Foreign direct investment is there) invest in mutual funds in india

Dear all , the company law setlement scheme 2014 Also aplicable for llp or not. If yes than pls please help me to calculate fee and procedure to settle dues for a llp which is formed in June 2012 And not filed any form and not start any business

OR or SR TO PASS FOR APPOINTING INDEPENDENT DIRECTOR IN SMALL PVT. CO.??

PLZ CLARIFY.....

Can salary to director in private company be given if he is non executive director under the Companies Act 2013. If no, what are the formalities under CA 2013.

Can anyone help with details of ADR and GDR? Under which guidelines are they regulated and the governing authority?

Is it necessary to pass Special Resolution under sec 180(1)c for Borrowings and file MGT-14 even if the Borrowings of the Company is much lesser than its Net worth and will not increase its net worth in future at anytime? My company is Unlisted Public company.

As per rule 3

Every company including its holding or subsidiary, and a foreign company defined under clause (42) of section 2 of the Act having its branch office or project office in India, which fulfills the criteria specified in sub-section (1) of section 135 of the Act shall comply with the provisions of section 135 of the Act and these rules.


Does it mean applicable to company means automatically holding and subsidiary need to follow or we have to see applicability individually.