Whether Microfinance company registered under Section 8 ? if yes, ROC not approving RUN name reservation form due to words like "Micro Benefit/Micro Credit / Micro finance " include in main object clause.

As per RBI Circular stated that Micro Finance Companies Sections 45-IA, 45-IB and 45-IC of the Reserve Bank of India Act, 1934 (2 of 1934) shall not apply to any non-banking financial company which is Circular no. RBI/2015-16/15 DNBR (PD) CC.No.052/03.10.119/2015-16 dated July 1, 2015 (a)engaged in micro financing activities, providing credit not exceeding Rs. 50,000 for a business enterprise and Rs. 1,25,000 for meeting the cost of a dwelling unit to any poor person for enabling him to raise his level of income and standard of living; and (b) licensed under Section 25 of the Companies Act, 1956; and (c)not accepting public deposits as defined in paragraph 2(1) (xii) of Notification No. 118 /DG (SPT)-98 dated January 31, 1998.

Please clarify whether Section 8 Company Can do microfinance business within prescribed limits ?


Please help in this matter. Thanks

Hi,

I am trying to upload to OPC registration forms but once i upload documents in linked e forms, fees is not showing in MCA. if i click on finish button it says your reuest couldnot be processed. There has been an internal application error.

can someone tell me what could be resolution for the above issue?

how much stamp duty to be paid on affidavit and indemnity bond for strike off of llp in Delhi?

I want know the procedure for conversion of trust into section 8 company. I also want to know what approvals we have to take from the trust authority.
if any know about this then please do reply.

Sir,

I want a solution with respect to the following situation.

Company total number of share was 55519 (face value of Rs. 1000). How can I issue bonus share, if I have Surplus of Rs. 20000000. What was the solution to issue bonus share if the total number of share was not divisible by any other number.

Hi ,Could you please provide clarity on acceptance of virtual address as address for the purpose of registration of a company by MCA /any other statutory body?

Thanks in advance.

I WANT TO CHANGE ALLOTTEE'S NAMES,
ORIGINALLY PAS3 HAD DIFFERENT NAMES.
I HAVENT FOLLOWED UP YET WITH MGT14 AND INC6.
DO I HAVE TO PASS A NEW RESOLUTION TO CANCELL PAS3 ?
I AM CONVERTING OPC TO PVT LTD. COMPANY
REGARDS, CA KUNJAN

what is Annual returns of corporate .

I uploaded a STK-2 for a newly incorporated company and the form is under resubmission for demanding following documents.
1) Proff of closer of bank account
But till now not a single bank account has been opened and commencement of business is not done.
2)ITR and Accounts of last three years.
As it's a new incorporated company so how is it possible to submit ITR and Accounts of last three years.

So what to do for this demanded documents and it's not possible then is this payment of 10000 is refundable

MCA: Schedule III requirement- Reporting of Struck Off Companies || List of Struck Off Companies

On March 24, 2021, MCA introduced disclosure requirements regarding financial statements of companies which are effective from April 1, 2021. Details to be disclosed in such case are :

Name of the struck off company,
Nature of transactions with company,
Balance outstanding and
Relationship with the struck off the company.
The transaction can be in the

nature of investment in securities,
receivables,
payables,
shareholding of the struck-off company in the company and
any other outstanding balances.
Now Lets Talk About Solution :


How the Problem Can be resolved by Finanvo.in?

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CIN to Company Status Verification (whether Active / Strike Off / Amalgamated / Liquidated etc.)
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