Suppose in Limited closely held company share application money is more than paid up share capital since from last so many years due to the reason that the company stopped its business since from last so many years and making statutory compliance like audit and submitting ROC and IT Returns regularly. The holders of Share Application Money are share holders of the company and company is not in a position to return share application money and on the other hand holders of share application money are demanding shares of the company and not their money.

The Directors wanted to write off share application money by issuing shares as per demand of holders of share application money.

Please explain the procedures as per law and suggest your expert opinion.

Is it correct to conduct both Bord Meeting & EGM of member as on same date & time in case of privte limited company , is their any violation of
companies act 2013
ple share information is this regards.....

DEAR EXPERTS..

I WOULD LIKE TO KNOW THAT WHEN WE FILE FORM 1 FOR FORMATION OF THE LLP TO AVAIL NAME IT SAYS THAT THE ACTIVITY IS FALLING UNDER NBFC AND WE NEED TO PROVIDE RBI IN PRINCIPAL APPROVAL FOR FILING FORM 2 FURTHER.

HOW THE IN PRINCIPAL APPROVAL OF THE RBI CAN BE OBTAINED AS THE FINAL APPROVAL/REGISTRATION WITH RBI FOR NBFC CAN BE OBTAINED ONLY AFTER INCORPORATION OF THE COMPANY/LLP.

ALSO IT SAYS TO HAVE NOF OF 2.00 CRORE IN THE LATEST AUDITED BALANCE SHEET. DOES IT MEAN THAT IT IS NOT NECESSARY TO HAVE CAPITAL OF 2.00 CRORE AT THE TIME OF FILING OF THE FORMS AND INCORPORATION?

PLS ADVISE AS SOON AS POSSIBLE
THANKS IN ADVANCE

Dear sir,

Company has 5% cumulative preference shares and company dont want to declare dividend on this shares. Is this allowed under companies Act, 2013 viz, whether declaration and payment of divident is compulsory in the given case.

please suggest!!!

law paper

we have filed AOC-4 and approved, now we realized that our Auditor Report content less compliance what is required by new rules, what is the procedure to update Auditors Report ? please resolve as soon as possible

In a real estate Private limited Company , a person is appointed as a non-executive independent Director.
Whether Board of Directors can authorize him for signing and execution of Sale Deed of Properties of the Company?

Dear All,
Dear All
Please advice me on the below query:

As Private company is exempted to take loans from its members upto 100% of paid up share capital and free reserves.
If the ORDINARY RESOLUTION is required under this section. AND if we require to file this resolution to ROC.

Please update me on this.

Thank you

Thank you for the advice

One of our company has been struck off by the ROC as per section 248 & if we want to restore the same company through NCLT then do you have any idea about how much "court fee stamp" required in petition to NCLT & DD if any required in NCLT?

A Company wants to issue preference share to a Partnership firm. To the best of my information, Partnership firm can't be a member in a Company. However A firm can hold the shares of the Company in the names of its partners either individually or jointly. My question is that If partner can hold shares as a nominee of partnership firm then besides MGT-6, is there any other compliance which is required to meet when all such shares are allotted to only one partner.