Dear Sir, In a Private Limited company with 7 executive Directors -out of which 5 directors were residing outside India - can remaining 2 directors based in India form requisite quorum and pass resolution in Board Meeting. Appointment of Company Secretary in the Company was mandatory and urgent so with 2 Indian Directors - quorum was formed and appointment of secretary was done.

This is in regard with format of report provided under Regulation 10(7) of SEBI (SAST) Regulations 2011, in respect of any acquisition made under exemption provided in regulation 10(1)(a)(i) in such format, clause (h) of point no 7 requires disclosures under chapter V, so kindly guide us,of how many years of disclosures , already made, under Chapter V of the Takeover Regulations (corresponding provisions of the repealed Takeover Regulations 1997), required to be attached?

can madnatory provision of company law regarding CSR be challanged as ultra vires it does not come within administratve aspect of company affairs it affects the right to property individuals firms having much larger profit are not required to spent is it discriminatory is CSR compulsory in Europe Us

Sir, If managerial remuneration is fixed by special resolution for 3 years (due to inadequate profits), can it be again increased before period of 3 years of original special resolution?

Can a holding company provide interest free loan to subsidiary. In my view, it is not allowed as the exemption is only from SR under section 186(3). Please guide

Can Interim Dividend be declared out of free reserves. If no, then does this mean that section 123(1) is not applicable to interim dividends despite the fact that under section 2(35) dividend includes interim dividend. Please guide

ABC Pvt Ltd had 10 shareholders/Members. In 2012 one member died. Till date no heir of the deceased member has applied for membership / transmission. What is to be done with such shares which the deceased member was holding?

1).Can a private limited company hold current accounts in the name of the MD for operational convenience, if approved by Directors by resolution. 2).In the books of the company, if it is treated as bank accounts of the company in BS as current account any additional disclosure required.

When Trust and There two trustee of same Trust are individual shareholder in a company then in which shareholder the shares of trust will be clubbed. Same question in case of partnership firm/LLP where three partners are individually shareholder along and firm is also shareholder.

Sir Ours company has all the foreign directors and they are at present residing outside India. How: 1. the board meeting should be conducted to approve the F.S. Do they need to visit India specially for this purpose 2. the signatures can be made on such F.S. Do we need to appoint additional director in India or do they need to authorise some representatives here in India

1. If MSME unit do not waive in writing the interest payable under MSME Act then whether auditor need to quantify the amount in Auditors report. 2. When Act itself says that despite written agreement of more then 45 days , payment has to be made in 45 days. So if MSME unit waives interest then it will defeat the purpose of ACt. 2) If MSME unit is group concern then though int. not charged but whether will be treated as deemed supply under schedule 1 of GST and liable to GST on deemed int..

1)The co. is making payment beyond 45 days to MSME but no interest is paid as per MSME Act.MSME unit is having no objection but whether this statutory liability has to be calculated by auditors and has to qualify the report as co.is saying that int. need not to pay as per mutual understanding. Whether confirmation from MSME unit that there is no outstanding will be sufficient. 2) What will be GST implication in case of related parties/Non related parties(Tolerance of Act/Deemed supply)

SEBI has directed that all listed companies should publish consolidated financial results for the quarter ending 30th June 2019 Whether the comparative figures for the previous years quarter (30.06.2018) need to be given since there was no requirement at that time to give consolidated figures.

What is the procedure of Transfer of shares in guarantee company having share capital.

Can a corpus of Society be converted into capital of proposed converted Section 8 Company?

Whether Stamp duty and Capital gain is payable on conversion of Society to Section 8 Company?

Can a society be converted into Section 8 Company of Companies Act, 2013, limited by guarantee having share capital?

DOES AN NBFC COMPANY, WHICH IS A NON DEPOSIT TAKING AND NON SYSTEMICALLY IMPORTANT NBFC, ENJOYS ANY EXEMPTION FROM THE PROVISIONS OF SECTION 186 OF TE ACT IN TERMS OF SECTION 186 (11)(a) READ WITH SUB RULE 2 OF RULE 11 OF THE COMPANIES (MEETINGS OF BOARD AND ITS POWERS)RULES, 2014. THE SUB RULE 2 OF RULE 11 EXPLAINS THE MEANING OF "BUSINESS OF FINANCING COMPANIES". PLEASE REFER THE SECTION 186(11)(a)and RULE BEFORE THE AMENDMENT IN SECTION 186 ON 07.05.2018.

In DPT-3,Amount received from Director is required to be reported. QUESTION:Whether payment made by Director on behalf of company for the expenses incurred is treated as amount received from director for the purpose of reporting.

Sir Mr. X is the CMD of our listed company but he is out of town and the Board Meeting is scheduled in between. In his absence who should sign the Financial Statements in terms of section 134. Please guide