What is the meaning of the term 'ordinary course of business' in section 185 of the Companies Act 2013.

A name was approved by MCA on 06/10/2013. Can I restore that name now?

Dear experts ., is there any problem with mca portal., i am trying to login ., but it is unable to login and is not showing the dialogue box which asks for the certificate details., does any body is facing this...

please let me know is that the problem is at my computer or mca portal

Section 185 0f the Companies Act,2013 replaces Sections 295 and 296 0f the earlier Act has been notifued.However,Section 186 of tyhe CompaniesAct,2013 which replaces Section 372A of the earlier Act is yet to be nofied.
In viewv of the above,what is the position regarding aPublic Limited Company giving a Corporate Guarantee or Security for a Bank Loan to another JV Company in which certain Directors are common and majority shareholding is of a wholly owned subsidairy of the Public Limited Company?

A company which has incorporated on 2010 has not done any business and hence not filed annul returns with the roc. But the status of the company is active in mca site.

Since the default is made for more than 3 years are the directors are disqualified.
How they can come out of this disqualification.

Now the company wants to change its name and start its business.

What are the remedies in this situation?

Dear All,

kindly help me in this query.

if a company wants to give its assets as security in form of guarantee to other company will it covered under section 185 or will it be termed as inter corporate investment as section 186 under companies Act, 2013.

thanks in advance.

hello sir...
my client is a private limited company and while checking the audited balance sheet it was found in notes to accounts , method of deprecation followed was WDV as per IT Act, i.e. 30% on motor vehicle (for hiring) but as per companies act rate (WDV) 40% on motor vehicle (for hiring). please suggest what to do as we can not charge deprecation lower then as mentioned in companies act.
PLZ Reply...

sir..
i want to know that whether it is mandatory for a private limited company to charge depreciation as per companies act,1956 in its books of accounts ?? and when i was seen the audited balance sheet for the F.Y 2012-13 on tax audited balance sheet, differed tax was not calculated and deprecation as per IT Act was carry to (Same amount as in B/S)in Books. whether it is correct ???
Plz Reply...

We have learned in Income tax that under the head Income From Other Sources Dividend income is exempt from tax, u/s 10(34) but in the example of Separate legal entity in Company Law (Companies Act 1956) we also learn that Bacha F Guzdar will be liable to pay tax on the dividend income.


My solution to this problem:
My tax teacher while teaching IFOS referred that Dividend income is taxable under IFOS but it is exempt.


Am I Correct?

hi,

i just want to start trading bussiness , so please tell me legal compliance have to follow before starting bussiness.

and preliminary estimated expenses

thanks in advance

thanks
pawan singh