Our company going to appoint Independent Director, and I want to know that limits up to which we can pay him remuneration.

and definition of Remuneration.

What Are the duties of the nominee director as per companies act 2013.. (fully explained )

Rules say that we should specify location of service provider (wherever applicable), in annual intimation to ROC
What is relevance of "wherever applicable "

Is there a possibility that there is no location of service provider

Proplem: ABC Ltd wants to transact with XYZ Ltd for a sum of Rs.15,00,000 and XYZ Ltd wants to transact with PQR Ltd. for a sum of Rs.15,00,000. Where as one Director of XYZ Ltd. is aslo a director in PQR Ltd. (i.e., Cover u/s 185 and 186). Now question is that : there is any voilation of law or panelty attraction and is there any disclosure requirement for ABC Ltd and PQR Ltd.

Hello Sir/Ma'am,

Whether any contribution made to the fund, which is directly in relation to the welfare of its employees, amounts to Charitable Contribution under Companies Act 2013?

Read more at: https://www.caclubindia.com/forum/sec-181-of-companies-act-2013-charitable-contribution-293920.asp#.U5LjAnKSxac

Hello Can Anyone provide me a Format of Auditor Certificate Require to be attached with DPT -4?

Dear Sir,

Please help me with the following: Our Company, a Private limited Company has Share application money pending before the Commencement of the Companies Act, 2013.
According to Section-42 of the Companies Act, 2013 Company is required to allot shares within 60 Days from the date of receipt of Share Application Money. If the Company is unable to allot the shares with in time it shall repay the application money within 15 Days.

Now our query is:

1) Whether Section 42 is applicable on the Share Application Money received by our Company before the Commencement of the Companies Act, 2013? If it is so, then from when the 60 Days criteria shall be taken into Consideration (From the Commencement of the Act, i.e. 01.04.2014 or any other date)??

Now, According to Section- 73-76(Chapter V) of the Companies Act, 2013 and as per the Rules notified by the MCA under this Chapter, if the Company fails to allot shares and also fails to refund the share application money with in time prescribed then such money shall be treated as deposits

Now our Second query is:

1)If Section 42 is applicable and Company fails to allot the shares or refund the money, whether such share application money due for allotment shall be treated as Deposits? If Yes, from which date it shall be treated as Deposits?

2)Financially, If the Company is not in a position to refund the same even till the end of the Financial year and want to retain the same for a longer period then what step should be taken into consideration to retain the same?


Thanks in advance.

pre scrutiny button not working in form 22 and it is not showing any confirmation .I downloaded again and filled but pre scrutiny button is not working.

Sir/Mam

Suppose there are 2 pvt ltd. companies X and Y Pvt. Ltd.

Mr. A, B, C are the 3 shareholders and directors of both the companies. Now a contract has to be entered into X & Y wherein X has to give contract amount to Y.

Now my confusion is as per section 184, every director is interested so quorum as per section 174 can't me met, so how to deal with the situation. Does it will require a Ordinary/special resolution by members?

Also 1 more thing. the management of of X & Y is same and so is the shareholding, so has consolidated financial accounts has to be made? if yes, then which company will be the holding and which co, will be the subsidiary?

Dear Sir, Query : what is impact of Share Application Money accepted after Oct 2013 which is not allotted ? e.g : A Pvt.Co and C Pvt Co. company have introduced Share application Money in (B) Pvt . co., SPV of A and C. in Oct 2013, Dec 2013, and Jan 2014. if, now A will not allot share till this day e.g may 2014 or , than it would consider as Loan ? Section relating to Share Application are : 42, Rule 11 of Prospectus & Allotment. Regards.