What is the procedure to resign as the Director from an NBFC?
I know we need to update ROC.
Can the application, if any to RBI be initiated by self or does it need to be initiated by the NBFC?

Can we claim Depreciation on machinery only on the basis of Trial run but no commercial production start as per co-act

Hi Sir/Madam,

Can you please provide me MOA objects on Collection agency for bank personal loan and credit card. Please help me, your each response will be highly appreciated and helpful to me.

Thank you.

Dear Experts,

Kindly advise on the below doubts:

A Private Company has its own Registered Trust through which it is making CSR Contributions:

1) The Company pays a lumpsum to the trust assuming, Rs. 30,00,000/- for CSR Activities, out of which the trust spends Rs.20,00,000/- on CSR Activities. When it comes to approving the contributions by the Board and recording the same in the board minutes, will the Board approve contribution for Rs.30,00,000/- which is the amount given to the Trust or Rs.20,00,000/- which is the amount actually spent by the Trust?

2) Whether payments/donations made to other trusts by the Registered Trust of the Company be taken as CSR Contribution?

3) Company has given scholarships to 30 engineering and medical students belonging to different colleges. Is it acceptable as a valid CSR Contribution?

Thanks

In case of casual vacancy of auditor of a Pvt Ltd company:
(1) whether MGT-14 is required or not? (as in ADT-1 there is no place for SRN of MGT-14)
(2) In ADT-1 point no. 5(a) Whether auditor(s) has been appointed in the annual general meeting? Yes/No. (as the casual vacancy is filled in EGM)

please provide me object clause for company having object as Providing admin and back office support services to Australian mortgage broker i.e. loan processing, client liaison.

Sir,
Can initial share capital be paid in kind? suppose 10 person wants to create a company and wants to transfer land in the name of the company as share capital. is this allowable?

In a company with two directors (both shareholders), 1 director wants to exit from directorship and also sell the shares. Since Pvt Ltd n3eds minimum 2 directors first Board will appoint an additional director at BM (this additional director is spouse of director who will stay back) and then director who wants to exit will resign.

Now my query is:


1. Will additional director be counted for minimum 2 directors limit in pvt ltd. Since he holds office till AGM, during AGM there'll be only one director right? Isn't this non compliance?


2. Are there any filings or declarations to be done in case directors are related (like husband and wife)?


Thank you friends.

In a private limited company date of signing balance sheet for FY. 19-20 is 28/12/2020 ,
Last AGM date was 29/09/2019, so now as per 15 months norms it should hold its next agm by due date 28/12/2020,

My query is :
1) Will it be correct if it hold agm on 28/12/2020 ?
2) Will it be correct if it adopts the balance sheet of FY.19-20 signed on 28/12/2020 in the AGM held on 28/12/2020 itself ?
3) Will it be able to comply the requirements of shorter notice for AGM ?
4) Is it compulsory for it to file MGT-14 for the shorter notice intimation , or just mentioning about shorter notice in the directors report is enough compliance ?

What are changes in the board meeting requirements for private companies, for 2020 due to covid19?

Is it mandatory to hold virtual meetings