Incorporation of company
This query is : Resolved
01 March 2015
Dear Experts,
I have a query relating to incrop of company. Few of my friends are planning to start up a new business/ company. But they are into employment and cannot leave their jobs. And they have signed a bond with the company where they cannot work any where else or earn in any kind of way.They cant work any where else or not even earn with their spereate business. Now is there any solution they can incorporate a company without breaking their company clause??
I have a query relating to incrop of company. Few of my friends are planning to start up a new business/ company. But they are into employment and cannot leave their jobs. And they have signed a bond with the company where they cannot work any where else or earn in any kind of way.They cant work any where else or not even earn with their spereate business. Now is there any solution they can incorporate a company without breaking their company clause??
02 March 2015
Only way is they can form company having their close relatives as Directors and they will have to run the show from behind.
02 March 2015
Thanks Sanjay sir,
Even we thought of the same. But can they represent themselves as director of the company to the outsiders or clients?
Even we thought of the same. But can they represent themselves as director of the company to the outsiders or clients?
02 March 2015
No they can not...
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Gst credit note by supplier
- Reward for festival
- 18% Rent a cab
- Movement of goods by packers and movers - type of sale - Reg.
- Missed uploading GST Invoice
- Closer of business and itc of capital goods
- Gratuity paid to legal heir above 20 lakh is taxable or not
- Accounting Treatment of Civil work to install PORTA Cabin for office use
- Appointment of Auditor By Form ADT-1
- ARCA LOGIN
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
- How to get money back from delisted company
- ITC not to be taken in accounts & GSTR-3B
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
