A new company was incorporated on 18th March, 2013. Till 31st March, 2013 the subscribers had not brought any capital into the company.
(1)What is the time limit to bring the capital by the subscribers?
(2)Also, as per new guidelines, the preliminary expenses are not to be carried forward. So all the preliminary expenses are to be written off in 2012-13 and loss must be declared in Profit & Loss Account? Or to be carried forward? There are no other transactions during 2012-13.
(3)If the capital is not brought by the subscribers till 31st March, 2013 in cash or kind, is this a fault on the part of the company/subscribers?
(4)Also, how will be the balance sheet appear as on 31st March, 2013?
Option 1:
Assets:
Preliminary Exp./Reserves & Surplus (Loss)
Liabilities:
Sundry Creditors (Amount same as preliminary exp.)

Option 2:
Assets:
Loan (Amt. same as Capital)
Preliminary Exp./Reserves & Surplus (Loss)
Liabilities:
Capital
Creditors (Amt. same as prel. exp.)
(As once the subscribers subscribe to the capital, it becomes debt on their part.)

Or any other way the balance sheet to appear as on 31st March, 2013?

Please reply to the queries.

Thanking you.

Dear Experts,
We gave conducted an AGM for Dividend Declaration on 30 Sep. So we need to transfer the money to the dividend account by 5 OCT.

My question is, what if we are not able to transfer the dividend Amount to the Dividend account within 5 days. Also please let me know what will be the due date for distribution of Dividend, I mean by what time we should pay the amount to the shareholders.

Regards,
Surya

What exactly is meant by the diminution of share capital? Is it cancellation of authorised capital or of issued capital?

we have filled annual form in roc for past years but forgot some of them. is there any way to verify which form we have filled & which are not????

Sir/Madam
Can salary be paid to A non-executive director of a Private limited company ?

SIR PLEASE CLEAR ME CAN WE INCORPORATE A PRIVAT/PUBLIC COMPANY WITH DIFFERENT MAIN OBJECT LIKE DEAL WITH HEALTHCARE PRODUCTS AND ALSO GARMENTS AND FOOTWEAR

Dear Experts,

Do we need to take a NOC from previous PCS before issuing a Compliance Certificate to the Company??

Please give your views for the following queries:

Q1. Can a private limited company be incorporated as Investment Company without registering it as NBFC?

Q2. If not, whether non investment company (company with main objective other than investment) do investment in shares of other company(s)? What is the consequences if investment constitute more than 50 per cent of the total assets and income from such investment constitute more than 50 percent of the gross income?

Q3. In which situation, a non-investment company will become core investment company and it will become deemed NBFC?

Q4. If a non-investment company holds at least 90 per cent of its assets in the form of investments in equity shares, preference shares, debt or loans in group companies, then whether it will be treated as core investment company?

Q5. In question no. 4, if a non-investment company holds at least 90 per cent of its assets in the form of investments in equity shares, preference shares, debt or loans not in group companies(In investment in other company is less than 20%), then what is the consequences?

Q6. Which the best option to start investment business activity along with or without any other business objective?

Hi

i need to amend object clause of MOA of our company, by inserting the new Object clause, the new object is not there in other objects also.


please let me know the procedure to amend the
object clause.

The Agm of the Company held on 23.09.2013 and got adjourned till 30.09.2013 due to lack of quorum..Now while filing e forms waht would be the date of AGM 23rd or 30th?? Also is anything extra need to be attached since the B/s was not adopted on 23rd??

Thanks in advance.