Dear Experts,
can we increase authorised capital without change in AOA?
I meant can we change it later after increase in authorised capital
if so there is any time limit?
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.
Hi,
I have one doubt regarding signing of Memorandum of Association and Article of Association, do all pages of MOA and AOA need to be signed by Promoter?
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????
Answer nowProcedure of forming a pvt. ltd co. (step by step)in case of packaged drinking water industry for example : Bislery.
Answer nowHi,
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.
Earlier method of incorporation of OPC (under form INC 2) didn't required the digital signature of Professionals in the forms. I think that was done to make it possible/easier for any individual (promoter) named in the AOA with valid DIN and dsc, to incorporate the company themselves.
However, in the new form INC 29, the digital signature of professional appears to be mandatory even in case of OPC. Wonder why is that.
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%
Answer now
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