Can a pvt and public co. give loan to director? if yes then how and what are the consequences as per Income tax act and Co. Law ?

As New Difinition of Private Compnay Section 2(68) of Comapnay law 2013,

There shall be restriction on transfer of share?

Means shareholders cant be changed?

once alloted to a persion, it shall continue with him?

Is it correct?

What is the maximum time limit a private company can hold share application money in its balance sheet before allotting shares or refunding money back?

Please advice its urgent

Dear Experts,

A pvt. Ltd. co. having three shareholders name viz., B Pvt. Ltd, C. Pvt. Ltd. and one Single person (Mr. D).
Now Que. is If in AGM of A Pvt. Ltd., B & C Pvt. Ltd appiont same person (Mr. E) as a reprentative on behalf of self (cz company is an entity not a person), And Mr. C (another sharholders) not represent in AGM. So in this case meeting is valid or not.

plz reply as soon as possiblr

In a pvt. ltd. one of the director was getting salary of rs. 60,000/- pm. in FY 2012-13 and from FY 2013-14 he is getting salary of 75,000/- pm from the company. now company again wants to enhance his salary by 25000/- i.e. total 100000/-pm from october'2013 . my question is that -
* is thr any problm in doing this by passing a resolution for the same?

* what is the maximum limit for the salary of the directors?

* is thr any limit for the salary of the directors with regard to percentage of profit?

Dear All

in our company we had allotted some shares in the name of some XYZ person, and issued physical share certificate.

now she got married and her surname got changed, she has opened Demat Account after marriage, now she wants to De materialise the physical shares, but the surname in the physical share certificate and demat account are not same.

so can the comapny issue new share certificate to her on request?

or can the company endorse the same certificate in her new name?

Hello everyone

please clarify can a public limited company take loan from its directors?

thanka on advance

Dear expert
I have filed the form1,18 & 32 for incorporation of new private limited company and now it is in resubmission for"Required resubmission, Inserting of defination cause 68 of section 2 of Companies Act,2013 of private company in AOA proposed company as per Ministry circular No.15 of 2013 dated 13.09.2013", currently the definition of private limited company in my AOA is as under:THE COMPANY IS A PRIVATE COMPANY WITHIN THE MEANING OF SECTION 3(1)(III) OF THE
COMPANIES ACT, 1956 AND ACCORDINGLY:
a. The right to transfer shares is restricted in a manner hereinafter prescribed.
b. The number of members of the Company (exclusive of persons who are
in the employment of the Company; and persons who having been
formerly in the employment of the Company, were members of the
Company while in that employment and have continued to be members
after the employment ceased) shall be limited to fifty. Provided that
where two or more persons hold one or more shares in the Company
jointly they shall for the purpose of this Article be treated as a single
member.
c. Any invitations to the public to subscribe for any shares in, or debentures of the
Company is prohibited.
d. Any invitation or acceptance of deposits from persons other than members,
directors or their relatives is prohibited

So now what changes required in this definition now as per new circular

Sir/ Mam

what should be the resolution for a director retiring at AGM who at the time of voting withdraws his candidature

Hi,

Someone may please reply, if possible:

Query 1

Existing private company (not a subsidiary of any company) proposes to change it’s name and also main objects.

Should the existing MOA-AOA be amended for name and main objects in general manner

OR

There will be impact in view of Companies Act, 2013. Kindly clarify with any URL for my understanding.

Ans : ……………..

Thanks in advance for your replies.