Loan from foreign national


This query is : Open 

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
31 March 2012 Who can be witness for company MOA/AOA. Is it necessary to have a proffesional witness.

(Querist)
31 March 2012 Dear All,

My query is whether i can take a loan of US$ 3,00,000 from my uncle living in Japan for purchase of agricultural land in india. If not whether they can give loan to my Co. & co. will give then loan to its director.

Regards
Amit

Ajay Mishra (Expert)
31 March 2012 Hi

No, it is not mandatory to sign as witness of MOA/AOA, it can be sign by person who has been authorised to witness the same by promoters.

In case of foreign subscriber it will be witness by the embassy of that country where the subscriber resides.


Regards

Ajay Mishra (Expert)
31 March 2012 Hi

FDI in issuer company is not allowed to operate in agricultural/plantation activity, print media or real estate business.


Regards

neetu vijay (Expert)
03 April 2012 hello ajay ..can i get your mail id..i have 1 query..regarding crporate law

Ajay Mishra (Expert)
03 April 2012 ajaygkp@gmail.com

neetu vijay (Expert)
03 April 2012 there is a co. ..incorporated in d year 2007..but since incorporation no formalities regarding roc has been done..co's authorised share capital is 5 lakh nd paid up is rs 1 lac...
in phase 1 co has issued 10,000 shares to both d directors..now wat r d formalities dat a co. is requried to do

neetu vijay (Expert)
03 April 2012 hey ajay i have mailed u..can u reply me asap


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now



Similar Resolved Queries


loading


Unanswered Queries



CCI Pro



Answer Query



Company
21 October 2026
CA INTER/ BCOM WITH EXPERIENCE

CA S KUMAR GUPTA & CO

Amritsar

CA Inter

View Details
Company
15 October 2026
Senior Accountant

Continental Belting Pvt Ltd

Mumbai

B.Com

View Details
Company
ARTICLESHIP 08 October 2026
ARTICLE TRAINEE

S.B.G. & CO. CHARTERED ACCOUNTANTS

New Delhi

CA Inter

View Details
Company
08 October 2026
Account Executive

Elite Taxation

New Delhi

CA Foundation

View Details
Company
ARTICLESHIP 23 October 2026
CA Articleship / Article Assistant

M N Rao & Associates LLP

Vijayawada

CA Inter

View Details
Company
30 October 2026
Asst Manager Accounts

Goodwin Pumps India Pvt Ltd

Chengalpattu

CA Inter

View Details
Company
ARTICLESHIP 22 October 2026
Articleship intern

Srinath Manikanta

Hyderabad

CA Inter

View Details
Company
13 October 2026
Accountant

Zerdi & Co. Chartered Accountants

Pune

B.Com

View Details