Dear All,

I am working in a public limited company. We purchased a car on loan now I am unable to understand whether charge is to be created under the companies act s-125 and form 8 is to be filed.

I was being informed by others that only board resolution is enough but no charge is to be created and our company won't be defaulter but no vaid reason was there.

Please help me and answer me what to do.

Thanks & Regards,

Ritu Agarwal
C.S., LL.B.

Hello experts,

We have received share application money in US$.but we have not convereted that money into shares. Now we want to revert back that application money with interest. do I need to calculate interest on US$ or indian rupees. Suppose we have received US$ 1000 and we have converted that amount into 50000/- do we need to calculate int on US$1000 or rs.50,000/- Please clarify.

Dear Friends,

I have two doubts regarding resignation of Company Secretary.

a).Whether the resignation letter is mandatory to attach in E form 32
b). When is the effective date of resignation either on the date of resignation letter or else date of acceptance of the board.

It is quite urgent kindly help.

I have another doubt regarding EGM Notice.

Whether it is mandatory to place EGM notice in the board.

Regards,
Vidhya

Need ur help……

There is a pvt.ltd.comp.(incorporated on 13.01.09) which gets converted into a public ltd.company on 27.01.2010.
And the problem is that this comp. has not filed any annual returns with ROC so far…..

So for annual return of the period 13.01.09 to 26.01.10 what can be done?? Can we file annual return of the period 13.01.09to 31.03.10 together(15mths)??

Asking this coz of two reasons-
1). company’s identity has changed so whether it will be correct to merge both the period?
2). secondly, we cant file the return of 31.03.09 as a “pvt ltd.comp.” coz the existence of comp.as a pvt ltd.has ended up.

So wats the solution????

Hi all,

If a company has 3 segments and only one of the segment is subject to Cost Accounting Record Rules (CARR). Is it mandatory to disclose the Segment - wise Total revenue of the Company in the Compliance Report in XBRL form

Thnx & Rgds,
C.A. Neel S. Doshi

Dear Experts,

One of our clients wants to incorporate a private limited company with the name ending with the words "corp".

As per the Companies (Name Availability) Rules, 2011 if the company name contains the word corp, then the authorised share capital should be atleast Rs. 25 Crores. In the said rules, it has been stated that these rules would become applicable once published in the official gazette.

Now my query is whether these rules have come into force ?

One of our fellow professional has incorporate a new private limited company with the words "industry" but with authorised share capital of Rs. 1,00,000/- as opposed to Rs. 50,00,000/-.

Kindly enlighten.

Awaiting your early reply.

Thank you,

With regards,

Sathyan
e-mail: sathyanavinash@gmail.com

If a director tenders his resignation letter expressing his desire to be released from the company with immediate effect, then does that resignation take effect from the date of communication of the same by the director or from the date when the resignation is accepted by the company in Board Meeting?

Sir., I am new to company law matters. One of my client has taken a loan from a nationalised bank , 1.OCC loan., 2.Term loan.,
Now., we need to file form 8 in the ROC for creating the Charges for the above loan.,
My query is .,
Is the manager of the Bank also need to sign the Form 8.,
2.Can we file a single form 8 for the both Term loan and OCC loan
3.What is meant by Instrument(s) of creation or modification of charge and how can we get it.,

Please clarify me sir,,

Thanking you in advance

Hi,

Someone may please reply to the following query(s):

ABC Private Limited had paid up capital Rs.1 Lac as on 31.03.12.

Note 1. Company increased its paid up capital to Rs.1 Crore on 30.06.12.

Note 2. 99.50% of the paid up capital is held by foreign holding company.

Consequently, Indian private company became a subsidiary of foreign company.


Query

Should the company while filling Form 23AC say YES
to the field 8.(a) *Whether the company is a subsidiary company as defined under section 4?


Ans : ....................... (please see note 1. above and give reply)


Thanks.

Hi,

Someone may please reply to the following query(s):

ABC Private Limited had:

- paid up capital Rs.1 Lac and

- Reserves and Surplus (negative balance) Rs.2 Crores as on 31.03.12.

- turnover Rs.1.95 Crores.

- no secured loans from banks or any parties.


Query

Whether CARO shall apply to the said company, which has NEGATIVE BALANCE of Rs.2 Crores of Reserves and surplus ?

Ans : .......................


Thanks.