It has been stated in Chapter XII of the Companies Act 2013 that for the purposes of sub-section (1) of section 184, every director shall disclose his concern or interest in any company or companies or bodies corporate (including "shareholding interest"), firms or other association of individuals, by giving a notice in writing in Form No. 12.1.

Has Form No.12.1 notified? If so, plz share a format of the same.

One of our client who is a private limited company wants to raise funds through unsecured debentures/ deposit from public.

What are the rule regulation for the same.?
Can Unsecured Non Convertible Debentures be issued?

After new rules as on 1.4.2014 ..what will b d treatment or compliance for loan already taken from shareholder or relatives prior to 1.4.14? Can we continue them or we have to repay them? ??

Plz solve this....

The company passes an SR U/S 180(1)(c) of the Companies Act, 2013 and fixes the max borrowing limit to Rs 200 Crores. The same SR gets registered as required under the Act. Now, the company proceeds to borrow Rs 50 lakhs. Is it required to pass further a BR? If so, is it required to register the same BR with the ROC ? And whether the same registration process will go on again and again whenever the company borrows money within the limit of Rs 200 crores?

Plz solve this...

The company takes loan from an HUF where one of the company's director is the Karta thereof.Is this a related party transaction?

Plz solve this....

What is the difference between resolution passed by circulation and resolution passed by postal ballot ?

Is there any need to change the Articles of Association of an existing Pvt. Ltd. Co. under New Companies Act 2013? And explain the procedure also.

Dear Sir/Mam

As per new companies act share application money pending allotment has to be either refunded or allotted or to be treated as unsecured loan.
My question is what are the implications of treating such application money as current liability. Can a company do so or it has to be strictly treated as unsecured loan?

Thanks and Regards
Drishti

Hi Expert


I have formed Pvt Ltd company for One of My Client in Dec 2013 with Issued capital of Rs . 27,00,000 , now one of director who has subscribe 50% share , is in Liquidity crunch and wishing for payment in August 2014,

I want to know whether there is any limit for making payment for share which is allotted during the company Formation.

Hoping your support as in every query in past

Thank you

Dear Experts,

Will CSR as per new companies act 2013 applicable on Indian companies or also on Foreign companies??? please tell me its urgent.. foreign companies like branch office liaison office??
This foreign company means including the foreign companies having place of business in India also???

as in the definition it is state that “company” means a company incorporated under this Act or under any previous company law;

so basically the "Every Company" should relate with the companies incorporated in India??
Please clarify??

Thanks in advance
Best Regards