A producer company incorporated during November 2019 filed their Form INC 20A during July 2020 when can they commence their business? Further, what would be the implications if they have commenced business (purchase and sale of goods) prior to filing Form INC 20A. farmers buy and sell only cash. If cash transactions were done before filing INC 20A. Is it fine. Producer company are required to file INC 20A or ignore because rules and regulations are aligned under Companies Act 1956 and not 2013

The items of Balance Sheet and P & L Account for the year 2019-2020 of Foreign Subsidiary will be converted into INR at which Rate. What will be treated as the effective rate of exchange?

Holding Company is Indian Company and has wholly owned subsidiary (WOS)in US. During consolidation, the figures of has to be taken in Rupees. So, who will convert the figures to INR. Whether the WOS has to prepare the Financials Statements as per INR also? What will be the basis to convert Dollar to INR

is it necessary to issue shares in pvt limited companyif issued to other persons on preferential basis at or above the price fixed by valuer even though the existing shareholders unanimously agree to issue the same at book value Many times the value as fixed by valuer is higher than book or net asset value . It appers that the company will be under compulsion to issue shares at premium value higher than book value and this may entail unnecessary litigation under incometax .

Dear Sir Whether CEO of Producer Company must be other than Farmer Members in Farmer Producer Company ? or Director of Farmer Producer Company can be appointed as CEO ? CEO and MD Can be same Person ?

Provided that the expert directors shall not have the right to vote in the election of the Chairman but shall be eligible to be elected as Chairman, if so provided by its articles Whether Expert Director have Voting right in Board Meeting ? if so provided by its articles – Means What Sir ? that is can AOA provide voting right to expert director for election of the Chairman ?

Sir If loan is taken against security of Fixed Deposit, whether registration of charge is required

When an auditor is appointed for one year to fill casual vacancy caused due to resignation of earlier auditor-one year period is counted as one Term of Five years?

in continuation of my earlier question whether loan amount in question will be treated as deposit immediately after directors resignation.

Sir,Director left in april 2019,loan given by him to company Rs 20,00,000/- ,in how many days same needs to be returned to him and consequences for nit following law,pls guide

What is the minimum members requirement in case of a company limited by guarantee under section 8 of the Act?

there was a circular which stated that if company issues shares for debt payable then it will ballotment for cash it was not necessary to give the money and take same back and then allot shares the circular was under 75 of old act whether sameclarification which was under 1956 act stii holding good

dear sir small company definition as per section 2(85) of company's act . A pvt ltd compan's paid up share capital is 49 lakh and turnover as per last years profit and loss account is Rs 1.75 crore . but share premium amount is Rs 1 crore. if we include share premium amount in paid up share capital then it will not be SMALL COMPANY. but if we exclude then it will be SMALL COMPANY. Please sugges

Whether maintaining liquid assets shall be as an additional requirement that is in addition to maintaining Deposit Repayment Reserve

Can a private company accept deposits from members in excess of 100% of core capital

Whether the MGT-8 can be signed after Balance Sheet date or it has to be signed as on Balance Sheet date?

Takeover Offer as per Section 230(11) of Companies Act, 2013-Is it mandatory for minority shareholders to tender shares in Takeover Offer? Section 230(11) does not define Takeover Offer. Section 201(10) of Companies Bill, 2009, which intended to introduce provisions pertaining to Takeover Offer for unlisted cos, defined Takeover Offer as "an offer to acquire all the shares in a company". However, said definition was not included in Section 230(11). What was rationale for removal of definition

In continuation to my earlier query dtd. 25/06/2020, if we file one DIR-12 for appointment as Additional Director and another DIR-12 for appointment as Managing Director, now as per Sec. 161, Additional Director holds office till the ensuing AGM, then how his appointment will be regularized in the ensuing AGM and form DIR-12 will be filed at that time as his designation has already changed? And can an Additional Director during his tenure as Additional Director be appointed as Managing Director

A private company is appointing a person in a Board Meeting as Additional Director and in the same Board Meeting, also appointing the same person as Managing Director. Now, upon filing of Form DIR-12, which designation will be selected, Additional Director or Managing Director?

Dear Sir, Whether by entering into SHA, Mr. X, a shareholder holding 70% shares can bind other shareholder Mr. Y holding 30% to always vote in favour of Mr. X where special resolution required?