Dear all,
Is an Indian director is compulsory for starting a company or can start a company with all non-resident directors??
Answers please..............

how to apply din for new pvt. Ltd minimum capital (authorized capital)1 lakh and what are the further steps for formation with fees nature IT company WITH TWO DIRECTORS

Hi,

After the completion of 7 years the unclaimed/unpaid amount of application money received by the Company is required to be transferred to IEPF account.
In the Rules and FAQ given on http://www.iepf.gov.in/ it is mentioned that the said amount is to be deposited in specified branch of Punjab National Bank. I am unable to trace the branch details and other procedures required for the above said transfer.

Secondly Company completed its 7 years timeframe this year, Do I need to upload form 5INV this time also?

My query is ...

if any unincorporated association naming say ABC association carry on business,Now that association wants to convert itself to company from association/ registered itself as company .
so after registration,association becomes company or company and association is seperate from each other ? In short now they (ABC association)called association or a company ?

Pls clarify whether Agenda is to be prepared for board meetings only or general meetings as well ?

i beleive agenda is not there as expl statement serves the purpose in gen meetings?

Pls clarify..

Thanks in adv

As per Section 180(1)(c) of the new Companies Act, 2013, every Company should pass special resolution in general meeting if the Borrowings exceed the paid up capital and free reserves.
Similar provision is there in Sec. 293(1)(d) of the old Companies Act, 1956 but now extended to all companies and special resolution is required instead of ordinary earlier.

Now the query is, here Borrowings refer to the Sanctioned limit or the Loan outstanding?

For instance, the paid up capital & free reserves sum up to Rs.350 crores.

The Company has already obtained long term loan of 200 crores from a Bank repayable in 5 years of which, the current outstanding is Rs.125 crores (75 crores already repaid).

Now, the Company proposes to avail another long term loan of Rs.200 crores.

Is the approval of Shareholders' required in this case?

Hello everyone,

i am filing annual accounts and annual returns of a pvt ltd company engaged in advertising business ( ad agency).

In form 23aca it is compulosry to menion the Details of principal products/servies and (ITC/NPCS 4 digit code)

I read the instruction and got the list from mca site but it is not 4 digit code but 5 digit code (99836) and further subcategory )998361/998362 etc are there.

My question :
how to write the 4 digit code and file the form ACA ?

waiting for the views of the experts.

Can any1 help me with the procedure of winding up of a newly incorporated subsidiary Company. The promoter have not paid the subscription money also and a year has passed since incorporation

Kindly confirm the activity code for business of operating ships.

My form 23b is not getting uploaded as it says some transaction error and pre scrutiny validations are reqiured.....can someone guide me in the procedure of check form,prescrutiny and signing.....or what else could be the mistake....does the size of the file have any importance here?