Sir

whether a director can earn salary from more than two companies ?As he is working as employee in the company.

WHETHER PRIVATE LIMITED COMPANY CAN ACCEPTED LOAN FROM HIS DIRECTOR OR DIRECTOR'S RELATIVE?
IF, YES PLEASE PROVIDE DEFINITION OF RELATIVE.

if any agenda not been passed in AGM on the basis of vote, then what has to done by a CS and what wud be the consequences

Hi,

I am going to incorporate my new Pune based private limited company.
I am having a hard time on a query I have.
So the query is:

Can I use GROUP in my company name, for example, ABC Group Pvt Ltd.?

Please guide.

Dear All,

A Public Ltd company having an exposure of 100+ Crs Bank loan exposure, has about 35 crs unsecured loans from Directors. As per the sanction terms, Banks has restricted repayment of Unsecured Loans during the currency of the Term Loan.

The company has opened a current account (Joint) in the names of two directors and one employee with a bank which is outside the consortium (without the knowledge of Bankers) and started depositing daily cash collections into that account and made repayment of Unsecured Loans to a tune of 5+Crs. Incidentally it was founds that the company is also not paying EMI since March 2020 and thereafter as the moratorium is extended.

Is the above act legally valid? Do banks have any recourse to the above stated facts? Can this act be construed as Diversion or Embezzlement of funds?

Mr. A has taken loan from Mr. B of Rs. 100000/- and has repaid part of the loan of Rs. 50000/- to Mr. B through a Company M/s XYZ Pvt. Ltd. in which Mr. A is a Director. Whether such payment shall be considered repayment or not. Is there any consequence to be faced by the company or Mr. A in the above transaction.

Please guide.

MCA has made it compulsory to get PF & ESIC registration along with Company incorporation.

What to do in case company is not going to have more than 2 employees ? Is compliance mandatory under these acts ?

Thanks in advance.

Pls. clear me what is optimum figure for authorized capital? even though it starts from 1,00,000 onwards what would be the long term impact if i put 10,00,000 in place of 1L as authorised capital (except number of shared). Whether it will impact anywhere in future like balance sheet, repayment if company goes shut, any other legal criticalities? where are all it will reflect exactly?

A NRI wants to incorporate one man company in INDIA. Presently, he is out of INDIA. my question as under:

can a NRI do it?
is it necessary to present in INDA at the Time of Incorporation?

Dear Sir
is it necessary to disclose foreign currecny transaction for incoming as well outgoing in report/ Notes on account in a private limited Company. if yes is to shown on FOB and CIF both or FOB alone