My query is--
What if I give a Loan to a Company in which there is no related director but there are shareholders who are related.
For example:
there are 2 companies A & B
In Company A there are Mr. Y & Mr.Z directors & Shareholders
In Company B there are Mr. U & Mr. V are directors and Mr. W and Mr. X are shareholders.
What If Company "A" give loan to Company "B" in which relative of directors (Of co.A) Mr.U & Mr.V are shareholders i.e. Mr. W & Mr. X (Of Co.B).




Pursuent to Section 185
Explanation.—For the purposes of this section, the expression “to any other person in whom director is interested” means—
(a) any director of the lending company, or of a company which is its holding company or any partner or relative of any such director;
(b) any firm in which any such director or relative is a partner;

(c) any private company of which any such director is a director or member;

(d) any body corporate at a general meeting of which not less than twentyfive per cent. of the total voting power may be exercised or controlled by any such director, or by two or more such directors, together; or
(e) any body corporate, the Board of directors, managing director or manager, whereof is accustomed to act in accordance with the directions or instructions of the Board, or of any director or directors, of the lending company.

SIR ANY ONE TELL ME WHAT IS THE PROCEDURE TO START THE PRIVATE LIMITED COMPANY IN THE IN THE ANDRAPRADESH WHAT FORMS ARE REQUIRE TO TOTAL PROCESS TO START A PRIVATE LIMITED COMPANY

I want to run Financial services / consultancy firm through mother as a sole proprietor with some Trade name and bank account opened on that trade name.

In case of death of mother, I would like to continue this business with the same trade name. In that case how the bank account will be transferred to me ? Will the banks replace the PAN linked to that Beneficiary A/c (i.e; Trade Name ) ?

pls provide me the proper formet of ca witness in moa and aoa as per companies act 2013.

I had read that financial statements and its related reports have to be prepared as per Companies act, 1956. But I wanted to know whether Board's Report, Notice of Annual General Meeting and Annual Return have to be prepared as per Companies Act, 1956?

A PVT LTD COMPANY HAVE 1 MANAGING DIRECTOR.

THE COMPANY DOES NOT HAVE ANY FACILITY FOR TRANSPORTATION.

MEANWHILE A CAR BOUGHT BY ITS MD.

NOW COMPANY WANT SUCH CAR TO BE SHOWN UNDER ITS BALANCE SHEET AND IT HAS STARTED PAYING THE LOAN INSTALLMENT FROM ITS CC-ACCOUNT.

CAN COMPANY DO SO?

IF, YES WHAT TYPE OF RESOLUTION NEEDS TO PASSED?

CAN WE CONSIDER IT TO BE PARK OR LOAN TO DIRECTOR?

The company is having deposits from Shareholdes as on 31-03-2014. The information of these deposits are to be furnished latest by 30-06-2014. I would like to know whether this information is to be furnished on line or manually. If on line the procedure may please be furnished.

Thanks

Dear Sir
Plz solve my problem I am confused about MGT 14 and INC 21

is both forms will compulsorily filled by every company under section 180(1) and 184(1)

It is urgent

I am waiting for your reply

Thanks

Earlier section 180 of Companies Act, 2013 was not applicable to Private Companies.

In private Companies, Shall we have to pass special resolution for borrowings exceeding paid up capital & free reserves for borrowings taken before applicabiltiy of this section.

Thanks.

Sir,

After receiving the appointment letter from the company,the auditor has to inform about his acceptance or refusal in form 23B....

Can any body tell me what is new form instead of form 23B as per new companies act?

thanking you