If I want to remove an Auditor before the time frame of 5 years which is prescribed by Act.What would be the procedure.Please clarify

In a Private Company there are 2 Directors, out of which one is minor.

Can Minor shareholder attend General Meeting?
can he caste vote?
will his presence will be counted for ascertaining quorum.?

An NRI has given unsecured loan/advance for development of a software to a private limited company in India. Can this unsecured loan be converted to equity? how? what would be the case if after conversion that NRI becomes the owner of more than 90% of the share capital of the company?

Dear Friends,

As per new rules of Companies Bill 2013, rules about allotment of new shares has been changed. As per new rules, Share application money cannot be received in cash and has to be allotted within 60 days. Moreover, no of shareholders has been restricted to 200.

In case of sugar companies where no of shareholders are very large as they are farmers. in some cases, it goes more than 10000. But as per new rules, company cannot allot shares to person more than 200 shares. In this case, how can we go ahead for allotment to farmers.

Whether Return of Deposits is required to be filed by June 30, 2014 as per the new provisions of the Company Act 2013.

What will be its contents?

4) Will excess withdrawal of capital from LLP by a company (partner in the LLP) be treated as deposit or not?

2) Whether a company can take loan from a person other than promoters at the time of initiation of new project?

1) Whether the loan taken by a Company from NBFC treated as deposits?

Hi
can anyone please let me know time period in which NCLT permission can be taken for using different financial year in case the company is subsidiary of a company incorporated outside India as my client is having its year form 1st March to 28th feb and we have not taken any permission as yet.

Please reply its really urgent.

Regards
CA Neha Chopra

as per new companies act 2013 a company cannot give loan or investment to director .

my client is director in 16-17 private companies . the companies have internal group transactions. ie loan given and taken . the compaines have purchased share in sister concern though the holding is less than 10%.
what should be done for these loans and investment according to the new companies act.