THE COMPANY HAS UNSECURED LOAN AS ON 31.3.2015 WHICH IS LESS THAN 25% OF ITS PAID UP CAPITAL + RESERVES & SURPLUS.
DOES THE COMPANY NEED TO FILL DPT3 TO ROC.

What is the Difference between a Trust & Retention Account and an Escrow Account?
Why the earlier is termed as a retention account.

If any company files an application for its closure under FTE scheme of MCA. Will the defaulting status of the Directors(Past and Existing) for not filing annual return and Balance sheet get cleared????

Procedure of forming a pvt. ltd co. (step by step)in case of packaged drinking water industry for example : Bislery.

Hi,

We established a private limited company in 2012 in order to get into manufacturing of electronic components related to solar industry, but the company did not do any business since incorporation.
Now, we have two options - either shut down or sell it to some one.

1) If we have to shut down, what is the procedure and how much it may cost in terms of patently etc. The company neither have created any asset nor have any liability.

2) If we have to sell it, one of the director is interested to take it over either by incorporating a new director or by operating as a sole director under the provision of the new company act 2013. If this option is to be followed, what are the procedures and and again how much it would cost? Is it a good idea for the interested director to revive it or instead he should register a new company?

3) Which one would be a better option in terms of lesser legal complication, time requirement and cost?

Hope to receive your expert answers at the earliest.

Regards,

Nayan

Hi Experts,

In case of Disclosure of interest by foreign director, is it necessary to disclose his or his relatives shareholdings in a foreign Company.

Is disclosure necessary even if he or his relative holds 1 share?

Please clarify.

Thanks in advance.

Whether we will have to pay service tax @ 12.36% on sitting fees payable to non-executive directors of a private limied company. As per the Company's Act of September 2013, each and every non-executive director can be paid Rs 1,00,000/= per meeting i.e. to say each and every director can be paid Rs. 4,00,000/= per annum on account of sitting fees as against which tds shall be deducted and paid u/s 194-J @ 10%. Now the question arises whether the company will have to pay service tax also @ 12.36%

LLP is incorporated but form No 3 is not filed till date and now partners want to internally (i.e. total contribution remains sane as mentioned while incorporating)change contribution then what should be done? change in contribution is must.

We are a group of MBA students willing to start a student run mutual fund under the college. The purpose of the this is to study the Indian market, and to know the portfolio management and art of investing. We are also planning to invest funds on behalf of friends, faculties and students from the institute. We are in a dilemma for the registration procedure. Should we register it as a Company or a society or any other entity

Please help us.

Thanks

I alongwith my relative hold 50% each shareholding in a small private limited company dealing mainly in Real Estate.Its Registered Office situated at the premises owned by my relative.I work for a corporate house and did not join Borad as Director or signatory in Bank etc.The relative and his wife were two Directors.The business was smooth for a long time with myself as a sleeping investor and of support from outside.

The company has reasonable stock of Assets in form of some Land and Flats,shoaps apart from inter corporate investments.Also deal in shares and hold shares.

Relations soared and I am now not allowed any access to company, its records, accounts, business & transaction details.The Directors have been replaced by their own Friends without change in shareholdings.Practically my entity has been reduced to zero level.As I am not allowed access to office my personal papers and own shre certificates are also left there and I do not possess my own share certificates.The Return filed with ROC for 31-03-2014 however confirm my holding as earlier.

I am loosing my shares, investments,rights,and the share in assests of the company. What to do?