CAclubindia

Queries Replied : 334

I am a Qualified Company Secretary and pursuing LLB from Mumbai University, working with a Listed Limited Real Estate Company .

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raj singh says : FORMAT OF BOARD RESOLUTION
MAM, PLZ. GAVE ME DETAIL FORMAT OF BOARD RESOLUTION REGARDING AVAILMENT OF FINANCING SERVICES FROM BANK SUCH AS LOAN

Sunderrajan Narayanan says : change of address of co-op soc
kindly help me madam i am also a cs

Venkateswara Rao Sapare says : A Request
Dear Core Team and Loyal members of CA CLUB INDIA Kind attention : Hall of Fame. It is pathetic on us to see the socalled “RESOLVED QUERIES” in (1) Expert Section (2) Forum Section and (3) Blog Section. There are queries just attempted with no substance, are categorized immediately as ‘RESOLVED”., which leads our community to wrong direction. The (1) Core team and (2) Loyal members of “CA CLUB INDIA”, need to give their precious time and analyze the “RESOLVED QUERIES”, and see that the members of CA CLUB INDIA are on right path. Else with wrong/misleading RESOLVED QUIERIES / ANSWERS, many may be at ECONOMIC LOSSES, in turn may see this CA CLUB INDIA at an awkward situation. I request you all to focus your attention on this issue, if you feel this grievance is genuine. Pardon me, if it hurts the sentiments of some of our fraternity. Thanking you. Venkateswara Rao Sapare Hyderabad.

CS Sandip Rahane says : Thnx a lot
Thx for ur reply on sec. 43a. i was just confused bse still it is given in bare act. thx a lot

Ankur Mehta says : Query on Buy-Back
Dear Vandana..I have a query- A Pvt Ltd Company has issued equity shares to two shareholders- A & B, at a premium. Now, it wants to buy-back some shares from A. All the money that the company has in reserves account is because of the share premium. There are no accumulated profits. The company has also raised some money by issuing debentures. Due to this, Company has sufficient cash to buy-back the shares. All other provisions of Sec 77A are being complied with except that I am not sure what is the meaning of this clause in Sec 77A-"Provided that no buy-back of any kind of shares or other specified securities shall be made out of the proceeds of an earlier issue of the same kind of shares or same kind of other specified securities." Does it mean that this company in question can not buy back because it is using securities premium account which was raised because of issue of same kind of shares? The cash is coming from the issue of debentures. Thanks for your help. Regards