Dear Sir/Madam,

This query is regarding "Subscriber's proof of payment for value of shares" to be attached in INC-20A. The problem is subscriber has given share capital amount & loan amount together vide a single cheque payment.
So, the bank statement entry is not matching with share capital but it is more than share capital.

Is this allowed under the Companies Act, 2013?
Can this be problem?

Regards,
Dinesh Dubariya

if any ca is in practice. and doing audit of some entities and opens a another sole proprietorship practice entity in the name of his wife (his name is not in new practice firm) for account maintenance of same entities( in reality he is maintaining account) of whom he is doing auditing .
Is it valid in eyes of law because the main purpose of various provisions is that the auditor must be independent . but threat of self review is exist here.

A Pvt company has 2 directors A & B. Director A loaned Rs. 5 lakhs to the company which was used to purchase machinery. The company is not returning the loan to Mr. A.
Can Mr. A sell or take over the machine?

Can anyone guide me the procedure for Conversion of Society into Section 8 Company.


Thanks & Regards,

In ROC E-Form PAS-3 Point No. 8 we have to mention debt structure of company. There are 3 particulars i.e. Debentures, secured loans and others.... I want to know what will come in others...? all short term and long terms liabilities which are not secured...?

I am trying to re-submit form on mca site
It is telling pre-scrutinized all form before uploading
But I have already done it for all form

What is the penalty for non-intimation for the appointment of auditor by a private company?
AND
What is the penalty if a private company failed to appoint an auditor within relevant time limit?

Sir/Madam,

What is procedure to appoint a Director in a Company Limited by Guarantee not having Share Capital u/s 8 Of Companies Act 2013. Company already has 3 Directors since its incorporation.

Thanks in advance for your Guidance.

WHAT ARE THE THINGS WE NEED TO DO IF A PRIVATE COMPANY IS GIVING REMUNERATION TO ONE OF ITS DIRECTOR CUM CHAIRMAN RS. 5 LAKHS P.M. AND OTHER DIRECTORS 2.5 LAKHS AND 1 LAKHS P.M. RESPECTIVELY AND ALL OF THE DIRECTORS ARE RELATIVES.

Dear experts,

can someone please help with DIR-2 form as per rule 17 of the Companies (Incorporation) Rules, 2014 and its format should be
as per rule 8 of Companies (Appointment and Qualification of Directors)Rules, 2014.