Hello Expert

Private company taken unsecured loan from director and relative of director by passing Board Resolution in Second Board Meeting .
Now company plan to convert such loan into equity.

can company eligible to pass special resolution in General Meeting in respect of above loan.

Our Company ABC Private Limited is struck off company and petition for revival under section 252 of Companies act,2013 is pending before NCLT. Time limit for CODS, 2018 has passed. Even if company is revived by NCLT then also directors will remain disqualified or disqualification will remove if company is revived by NCLT .....? NCLT has a power to revive company. Does NCLT has a power to remove disqualification and order activation of DIN ......? Does directors have to file writ petition before High Court for removing disqualification after revival of company by NCLT ...? How DIN will be activated..?

Can a section 8 company start the business of providing gold loans or finance?
Can anyone share the latest procedure to register a section 8 company(Along with filed form if possible)

Dear Experts.,

A Private limited company want a Provisional balance Sheet and Profit & Loss accounts for FY 2017-18.
The Auditor not available in local. He is going to a tour.

But, company want the details Very urgent...

My Query is...

Can any other Auditor prepare the provisional Balance Sheet and Profit & Loss Account for the Pvt ltd...?

ONE OF MY FRIEND RESIGNED DIRECTOR IN THE PVT. LTD COMPANY. ONLY HAVING 20% OF THE SHARE CERTIFICATE. PLEASE LET ME KNOW HIS RESPONSIBILITIES CONTINUES OR CEASES FOR CURRENT LIABILITIES AND LOAN LIABILITIES AFTER RESIGNATION AS DIRECTOR IF HE HAVING SHARE CERTIFICATE.

KINDLY INFORM ROC FORMALITIES AND ALSO ANY INTIMATION IS GIVEN TO SUPPLIERS/BANKERS.

REGARDS
S. RAVICHANDRAN

financial services pvt ltd company. business discontinued. no assets and no liabilities. only equity capital and carry forward business losses. wants to close the company. request to detail out procedure for closure.

My company is basically a US based company and its back office is at noida. Also the company has open its indian concern in private limited form.

Now the question arise here that is the Indian company will be agent for us company because there is no shareholder or ownership linked in indian concern. different director , a friend here in india is appointed in management and no other transactions.

only expense reimbursement done by us company for the work done here.

Further the back office do data entries , salaries for employees work for us company paid by here in indian co., and in turn foriegn account transfer amount to indian bank account.

Please advise me the status of both company.

Sir,Actually we are not file ROC from the financial year 2013-14 so what forms should be downloaded

NOW,we are filling roc for the FY 2013-14 yes or no
what the procedure for roc filling

Does reduction of share capital amount to alteration of capital clause in the MOA?

Details :
The capital clause in the MOA consists of particulars such as the authorized share capital of a company, the face value of share, the class of shares, number of shares and the subscribers to such shares.

Reduction of share capital amounts to alteration of paid up/called up share capital of a company. Such particulars do not form part of the capital clause of the MOA.

So how does this type of reduction alter the MOA?

And if not, then Sec 61 of Companies Act, 2013 states that cancellation of unsubscribed capital of a company amounts to alteration of MOA. Again, such particulars of subscribed/paid up/called up/issued capital do not form part of the capital clause of MoA, so how does it really amount to altering the MOA?

Correct me if I’m wrong in my approach here.

Can we pay Interim Dividend if there is profit in current year but there are brought forward business losses?

It is clear that the final divend can not be paid. But my query is regarding INTERIM DIVIDEND as mentioned above.

Please inform, if available provided section No.