Shares in fictitious name
This query is : Resolved
29 November 2009
Mr. X applied for 100 shares in a company in a fictitious name. The company, unaware of the fact, allotted to him the shares in the fictitious name. Did Mr. X incur any liability under the Companies Act, 1956?
30 November 2009
Yes,
Imperisonment of terms which may be extended to 5 years or Fine which may be extended to Rs. 1 Lakh or both
Imperisonment of terms which may be extended to 5 years or Fine which may be extended to Rs. 1 Lakh or both
30 November 2009
I thank you Expert for your quick reply. Regards.
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
- Sale of goods from my GST proprietorship firm to my GST HUF proprietorship firm with karta me
- ESI Contribution after implementing COSS
- Cash deposited to salary account from gold loan account
- Can huf give gift to karta or kartas wife and son
- FY 24-25 Invoice Booked in FY 25-26 & ITC Claimed in FY 25-26
- Assessment Procedure Us 147
- Cg on ancestral property sale distribution
- TDS deduction liability ?
- Who is obliged to pay
- How to file ITR for AY 2024-25
- Salary journal entry
- ASSOCIATES & JOINT VENTURE NET WORTH ATTRIBUTABLE TO SHAREHOLDING AS PER LATEST AUDITED BALANCE SHE
- Design work
- Update Section 80G in ITR U
- ANNUAL RETUTN
- Goods stopped by DRI department at port
- Inventory Valuation and Closing Stock entry in books and opening stock entry in books
- IGST refund with GST amendment deadline over
- ITR revision intimation recd.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
Trending Online Classes
-
FR & Direct Tax (Regular Batch Combo) For May 26 & Onwards
CA Bhanwar Borana & CA Aakash Kandoi
CAclubindia
