Sir,

I want to know whether the date of board meeting in which board adopt the Financial statement & date of board report should be same?

A Pvt Ltd Company has taken term loan of Rs. 15 lakhs against Equitable mortgage of Land & building

And CC of 30 lakhs against hypothecation of Goods.

so we have to file 2 different form 8 , for mortgage and hypo.
both the term loan & C.C. taken from same bank,

Dear Sir,

We have rented a room of size 135 sq.ft for our registered office. The owner of the house is my grandfather and he had two sons. Still the property is not separated legally but verbally done. The office space is in the first floor and in my father's share. But now he was expired and my mother is alive and who is the first legal heir. How to enter into the agreement to take the premises for the business?

I need a board resolution format authorising the managing director to sell the property (land) of the company on behalf the company.

Thanks in advance

Dear Experts,

Please, give the explanation to this example. A Pvt. Ltd. Company is incorporated in the FY 2010-11 having 2 share holders, it is held AGM within the due dates i.e, for the FY 2010-11 on 30th Sep 2011, FY 2011-12 on 30th Sep 2012 and for the FY 2012-13 30th Sep 2013. But, it is not presented the Financial statements relating the FY 2010-11 and 2011-12. It, is Submitted all its Financials relating to the FY 2010-11, 2011-12 and 2012-13 on 30th Sep 2013. What are legal Consequences.

Dear Expert,

1. I want to register a Pvt Ltd Co.,where in the area of work is biotechnology.

2. I want the format for MOA and AOA.(Companies act 2013.)


Thank & Regards

R.NEHAL SHAH

Dear Learned Members,

Request you to provide your valuable feedback to the following:

The Registered Office of XYZ Private Limited is situated in Kolkata. Pursuant to Section 209(1) of the Companies Act, 1956, it wants to keep its books of accounts with respect to:
1. all sums of money received and expended by the company and the matters in respect of which the receipt and expenditure take place,
2. all sales and purchases of goods by the company, and
3. the assets and liabilities of the company,
outside its Registered Office, in the Head Office which is within the jurisdiction of the Registered Office. Further, pursuant to Section 163 of the Companies Act, 1956, the said Company also wants to keep the index of members, the register and index of debenture holders and copies of all annual returns in that same head office.
What is the procedure to be followed in this respect? Will the procedure be same if the Company is a Public Company?

Whether Articles of Association is required to be altered or not? In AOA of company contains following Clause SHARE CAPITAL 4. DIVISION OF CAPITAL "The Authorised Share Capital of the Company shall be as per paragraph V of the MOA of the company with power to increase or reduce its Share Capital and to divide the shares in the capital for the time being into several classed and to attach thereto respectively such preferential, deferred or such other rights, privileges or conditions as may be determined in accordance with the regulation of the Company and to vary, modify, abrogate, any such rights, privileges or conditions in such manner as may be provided by regulations of the Company and consolidate or sub divide the shares and issue shares of higher or lower denomination by way of ordinary resolution

Dear Sir,

A client who has 7 years of experience as an ASSISTANT DIRECTOR in FILM INDUSTRY has approached us.He wants to incorporate a PRIVATE LIMITED COMPANY.He told that doesn't have any financial support from his family.

He is ready with story,script,technical team & everything else except for money.

Proposed budget for film is 1crore.He is planning to collect this from 100 people who invest 1lakh each.

Query:We are not sure about the background of the client.So what if the client collects 1crore & runaway?
Since the CA signs MOA, AOA,what is the risk of CA?

Whether Articles of Association is required to be altered or not?

In AOA of company contains following Clause
SHARE CAPITAL
4. DIVISION OF CAPITAL

"The Authorised Share Capital of the Company shall be as per paragraph V of the MOA of the company with power to increase or reduce its Share Capital and to divide the shares in the capital for the time being into several classed and to attach thereto respectively such preferential, deferred or such other rights, privileges or conditions as may be determined in accordance with the regulation of the Company and to vary, modify, abrogate, any such rights, privileges or conditions in such manner as may be provided by regulations of the Company and consolidate or sub divide the shares and issue shares of higher or lower denomination by way of ordinary resolution