This Query has 2 replies
Please Suggest:-
A company (Level-3 entity)has entered into a lease agreement for 10 years for Office premises for a sum of Rs. 100,000/- p.a. subject to increase of rental @10%p.a. from 3rd year.
What are the disclosure requirements in Notes to Accounts would be applicable as well as what is the treatment to be done in books of accounts wrt SLM calculations ??
Thanks
This Query has 4 replies
Hi,
Ours is a 1.5 yr old Pvt Ltd company in ecommerce industry. We have an online store that has been doing good with consistent growth. Recently we have agreed upon having a new director on board who will invest 36 lakhs for 1/4th share in the company. His investment will be in the form of monthly payments of 1.5 Lakhs for 24 months.
Below are some details about our company.
Total sale Revenue generated : 1.2 cr
Company's Profit/Loss: - 4 Lakhs
Total paid up capital: 12 Lakhs
No. of current directors: 3 (each having 40k shares @ 10 rs / share)
Our online store has a very good brand value with a strong customer base.
We are not sure about how to issue shares to the new director. According to his investment, we need to issue him shares at a premium of Rs.90. Do we have to pay any tax if we issue shares at premium? If the tax people do not agree to our valuation of Rs.90/share then what happens?
How do we bring his investment into the company and offer him equal share ? Please guide us.
Thanks !
This Query has 4 replies
Can any one help me about Provisional DIN. I am going to file DIR 12 but I am confusing about Provisional DIN because as per new Co Act provisional DIN can not be utilized till the DIN is confirmed by the Central govt. Whether DIN generated on challan of payment of DIR 3 (for allotment of DIN) is provisional DIN or Original DIN? Please Clarify
Thanks & Regards
Kundan kumar
CA FINAL
E-mail kundankarnal121@gmail.com
Mob. 9953971785
This Query has 3 replies
Kindly let me know whether it is required to file form MBP-1 and Form MGT-14 if director is not interested any where.
If Director is also Director in any other company, Whether disclosure is required?
This Query has 3 replies
We want to appoint a director in an existing company but the director proposed to be appointed who was not appointed as director in any other company before .
I want to ask whether is it required to attach form DIR-8 with the form DIR-12
This Query has 1 replies
whether there is any restriction under new companies act 2013 to accept money by way of loan (whether secured or unsecured) from relative under private company and also public company...
Thanks
This Query has 5 replies
Hi all
I have a query in relation to section 181 of the Companies Act 2013. Suppose a company had made a contribution to a charitable fund covered under section 181 of Co Act 2013, the amount of which was within the limit of 5% past three years average profit.Consequently, no prior approval was required in the general meeting. Now the company wishes to make additional contribution, the amount of contribution made earlier plus amount of contribution proposed to be made exceeds the limit of 5% past three years average profit.
Does the company need to ratify the former contribution made and take approval for the proposed contribution in the General Meeting?
This Query has 1 replies
Dear Experts,
Kindly provide me Board Resolution for Creation of Charge and Satisfaction of Charge as per Companies Act, 2013.
Thanks a lot for doing the needful.
This Query has 1 replies
Dear All,
1. What is the difference between firm &
Company ?
2. What is the difference between partnership firm & proprietor ship firm?
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As19-treatment of buliding lease