Dear Friends / Experts,

Please do the needful.

ABC Limited has taken various loans. For example, TL1 10 Cr, TL2 20 Cr and
TL3 15 Cr, which comes to aggregate limits of Rs.45 Crores.

It may be noted that company has filed Form 8 for the above TLs under the same charge ID.


Now, company has made full repayment of Rs.10 Crs and obtained a No Due Letter in respect of TL1 10 Cr.


Query

Whether company should file Form 8 in respect of the TL1 Closure or for reduction in the aggregate limits.

Ans : ………………….


What should we fill in Field No.9. Nature, description and brief particulars of the instrument(s) creating or modifying the charge.

Ans : …………………. (Should we fill Term Loan Closure Letter is the instrument for the modification of charge).

If above Form 8 is not applicable,
Whether company should file Form 17 in respect of the TL1 Closure even though all Term Loans have been taken under the same Charge ID.

Ans : ………………….

I will wait for your views.

Respected All,
Can anyone tell me that what is complete process of Allotment of Share; mean from ROC filing to company workout and what is the stamp duty paid on this?


Pl. reply its urgent?????

A Co. Held its AGM fr the 12 months ending 31.03.10 on 30.09.10. Subsequently for the FY 10-11 it approached ROC for an extension of its Financial Period to 18 months (01.04.10 to 30.09.11) and extension of AGM of the Company upto March 30, 2012.
Subsequently, it held the AGM for 18 months ending 30th Sept, 2011 on 10.04.12. is it valid..? what are the consequences?

i have got detail by fill in Form 1A for the registration of the company name in pdf file by my friend.i want to do digital signature.


how should do?
is it require to fill again in ROC site by filling form 1A from the pdf sent b my friend.


i do not know how to do


have i to fill again form 1A

DEAR SIR/MADAM

my client company wants to convert its Private Limited Company into Limited Liability Partnership.
Please provide me with Board and General meeting resolution.

Please its urgent
Thank You

I corporated a company this march with an auth share capital of rs 2 crores. Certificate of incorp was of dt 19th march 12.
What wd be my first accounting year for roc purpose and income tax purpose. The directors were out of town and thus bank account was opened in april 12.
Pls help
Still my common seal is under process and first board meeting is yet to call on.

Hi, we got company name approved i.e. “Realty XYZ Pvt. Ltd.” from MCA through Form-1A and proposed company will deal in real estate business.

When we submitted the Form-1 for company incorporation, we got following comment from MCA:

" As per mail received Name is too general, activity cannot be prefix (as per guideline No. 9(iv)).Please clarify. "

We have to submit clarification in this regard to MCA.

We wanted to understand that how to draft a clarification in this regard, as we want to use this company name only and what is the procedure to submit this clarification reply with MCA?

Dear All,

My query is whether i can take a loan of US$ 3,00,000 from my uncle living in Japan for purchase of agricultural land in india. If not whether they can give loan to my Co. & co. will give then loan to its director.

Regards
Amit

Dear friends,

A private limited company wants to allot shars to its promoters to the tune of Rs 15 crores against unsecured loan provided by promoter to te company on various dates since 2000. As far as I know tehre is no restriction under the Companies Act to allot the sahres against unsecured loan. Pls confirm. Also I need a clarification of the following points.

1. Whether the shares allotted against unseucred loan to a promoter is treated as allotment against cash or allotment for consideration other than cash.

2. Whether the unsecured loan should be trabsferred to share application money and then allotment of shares should be made or straightaway we can allot the shares against insecured loan.

Looking for your promot response pls.

Thanks

P.C. Joshi

Can the company charge depreciation for the full month even if the additions is done on the last day of the month. Also can the company charge the depreciation for the full month even if the assets is sold on the 1st day of the month. It has been mentioned as the accounting policy of the company.

For Example - In case company purchase computer on 28th Sept than can the company charge the depreciation from 1st sept and if company sell any vehicle on 5th oct than can the company charge the depreciation for full month of oct.