Hi all

One of my client who is a unlisted public limited company has not applied for ISIN No. and accordingly PAS 6 was not filed as required.

Now if try to complete this compliance there will be huge penalty .

Hence, i was thinking to get the company converted to Private Limited Company so that this compliance is not further required. In that case, please advice about the possible consequences?

Thanks in advance

A public company has total 7 members. First 5 members are individuals which are not nominees of any body corporate i.e. A, B, C, D, E. 6th and 7th members are body corporate i.e. F and G. Now it is proposed to transfer G's shares to F. Now to fulfill the requirement of minimum 7 members, can we make any one member from A to E as a nominee of F by tranferring one share of G by alloting new folio number to such member and remaining shares to F?

Or we need to transfer one share to any new member i.e. H?

Sir my 04 clients has pending dues of Rs 01 Crore in one corporate company against the supplies made by them, the said company is under liquidation process in NCLT according to IBC 2016. The CIRP process is filed by Financial creditor and IRP was appointed by NCLT. My clients filed their claims to IRP, but the said IRP is not responding to the claims of my client.
My question is being the operational creditor, can my clients file the application to the said NCLT in ongoing CIRP.

Whether a company or LLP can be a partner in a partnership firm.

Hello Everyone,

I will be registering a Private Limited Company in Month of May-2021. I have Few queries, Hope I will get my answers from the experts.

1) Husband & Wife can be Director & Shareholders?
2) Authorized Share Capital affects the Charges for registration?
3) After registration, do we get time of 15 months to commence Business? If yes, since when is GST applicable?
4) Address for registration is on a Property Owned by my Parents. I need to Obtain Rent Agreement & NOC?
5) We already own a Private Car in the name of my Wife. Do we get expenses of Diesel & Maintenance as Indirect Expenses in Books of Accounts? Also do we get Depreciation?

Hope you can answer to my above queries and clear my doubts.
Thanks in Advance

In case of resubmitting Spice+PartB if we want to change the subscriubers how can we do that???

Iam Veeresh.I am a Chartered Accountant.I have made short video on Nidhi companies study material notes and previous year questions and this material is applicable for May 21 exam onwards.Material in pdf also available in video description.

Video link: https://youtu.be/egmRSzL_wRs

This video and material is one stop solution for this chapter.

All the best

SIR,
We incorporated a LLP by filing LLP form registration with capital as 1,00,000.Form 3 need to be filed with 30 days of incorporation .So can we file the agreement with capital contribution as ten lakhs instead of one lakh as the partners are ready to bring ten lakhs now but at the time of incorporation it was shown as 1 lakh. whether it is possible to file the agreement by ten lakhs?

Sir,
One of my client has made llp agreement on Rs. 100 stamp one year back. Now recently form 3 submitted with Rs. 1000 stamp paper for llp agreement as capital of the firm is Rs. 100000.
But I got the query from ROC as "1% STAMP DUTY SHOULD BE PAID TO STATE GOVT. I.E. 1,000/- SHOULD BE PAID"
Please guide how to paid this stamp duty as already Rs. 1000 stamp attached for Delhi state.

A Ltd Co. in its Company Master is showing 1.0 year 2011, authorized capital as 50 lakhs. 2.0 year 2021, authorised capital as 5 crore.
In fact in BS of year 2012 & later the figure is deliberately is reported as 5 crore - no formality is done with the ROC to raise this capital. The balance sheets as on date carry the same figure of 5 crore.
What steps to be taken in this case? How the responsibility be fixed - The directors, auditors, company? Whom to approach and how?