Can a Company Secretary of a Company be simultaneously employed as an employee (not as Company Secretary) of another Company. None of the two company is a subsidiary of the other.

CAN A PERSON IS DIRECTOR IN HOLDING CO. IS IT ALLOWED SAME PERSON DIRECTOR IN HIS TWO ASSOCIATES CO.
MR X AND MR. Y DIRECTOR IN ABC PVT LTD.

MR. X AND MR. Y DIRECTOR IN XYZ PVT LTD. ASSOCIATES CO. OF ABC PVT LTD
AGAIN MR. X AND MR. Y DIRECTOR IN WXY PVT LTD. ASSOCIATES CO. OF ABC PVT LTD

IS IT ALLOWED, OR ANY PROBLEM AS PER IT OR AS PER CO. LAW

Is new criteria for classification of Non-company Entities is applicable to LLP?

Do we need to file NDH-1 every year or only once after the completion of first FY

Dear Sirs
My client recently registered a pvt. ltd. Co. with the name of 4 directors , The name of directors was registered in MCA portal , MOA & AOA of the Co. has been also printed but at the time of capital contribution to bank only 3 director are contribute equal fund, 1 director denied to contribute his share & want to resign from the company. rest of 3 directors are agreed .Please clarify is there any rule to resign director and exclude his name from MCA portal before making his contribution to bank.

A company , following useful life charges depreciation on plant and machinery.
now its accertain that plant can be further utilised for next 10 years easily.
is it allowed as per companies Act to reconsider useful life of plant and accordingly depreciation is to be charged?
how many time useful life can be reviewed/reconsidered.

Sir,
Our director has entered into sale deed for the purchase of second hand vehicle and ownership is not transfeered,,Ownership will be transferred whn the amount of loan is fully paid. Loan is existing on the asset at the time of sale.The same asset is used by the company.need to how the asset can be brought to the statement.Whether the same need to be shown in dpt-3?..whether we can bring the asset by crediting shareholder loan

If a partner resigned from CA firm (LLP) , do he / firm ( remaining partners )have to inform ICAI about this ? If yes , how except filing form 3&4 LLP ?

Respected Sir,

MGT-7 & AOC-4 & ADT-3
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These are the documents which are filed with ROC, Can anyone guide me as I want to know the meaning of these filings with ROC.

TKS WITH KINDEST REGARDS

Hi, We are a startup and provide software services to companies outside of India. Currently we are receiving our payments from US, UK and EU and we are paid via swift transfers in our Indian bank account. We also have outgoings in USD as some of our freelancers are based out of the US , Ukraine and Poland
We lose out a lot on FX conversions and our clients prefer to pay us locally in their own countries. So I was hoping you could advise:

1. if we need permission to open an overseas bank account to receive payments in US and UK local via local bank transfer? or what do we need to consider before opening a bank account overseas ?
2. We have come across a company that can offer overseas accounts to an Indian based company. Is holding an electronic money account overseas by an Indian company legal? the e-money account is opened with an Electronic Money Institution regulated by overseas regulator. They transfer the money deposited by the account holder to a tier-1 bank. This is called safeguarding.
3. We would like to collect the payments overseas in this e-money multicurrency account. Thereafter, we wish to pay the freelancers located abroad directly from the overseas account and remit the remaining money back to our Indian Bank Account. The money is received in India through an RBI approved OPGSP who has tied up with the multi-currency account provider.
4. do we need to be registered and recognized as an Exporter under Foreign Trade Policy? What if, we have been conducting our business so far without having to register our company as an exporter in India? Are there any legal implications? we offer software support services to overseas buyers/clients who then transfer our fees/charges/payments through normal banking channels to our Indian current account. recently, we thought of using Payoneer to receive money from our overseas clients, but they asked us to declare that we are duly registered as an exporter in India