As per section 68(1),what is the meaning of proceeds mentioned in the section and proviso. Is it inclusive of Securities premium or exclusive of it.

dear sir, the company has issued 0.001% compulsory convertible cumulative preference shares on june 2018. as per agreement the preference share holder entitled to CUMULATIVE CASH DIVIDEND at the rate of 0.001% per annum. is it compulsory to declare dividend each year and pass accounting entry each year till convertion into equity shares. because it is cumulative pref shares. or is it possible to simply convert it into equity share say after five years along with dividend.

dear sir, the company has issued 0.001% compulsory convertible cumulative preference shares on june 2018. as per agreement the preference share holder entitled to CUMULATIVE CASH DIVIDEND at the rate of 0.001% per annum. is it compulsory to declare dividend each year and pass accounting entry each year till convertion into equity shares. because it is cumulative pref shares. or is it possible to simply convert it into equity share say after five years along with dividend.

Sir, Private Company was incorporated on 4th April 2012 -first Statutory audit firm is continuing its audit services till date. When does current Statutory audit firm need to retire. Please note Section 139(2) of Companies Act 2013 is applicable to this company. Please suggest Thanks and Regards Srinath

whether a foreign company which has made investment in wholly owned Indian Subsidiary need to file Ben 1 / Ben 2

Sir, If lending Company give loan which violates section 185, will borrower company be also liable for that u/s 185(4)(iii)?

Dear Sir, Listed Company has advanced inter-corporate loan to group private limited company from year 2009 to 2016. There was no common Director at the time of granting such loan. Now one Director who is on Board of Listed Company has been appointed on Board of Private Limited Company to whom such loans has been granted. By virtue of appointment, section 185 is attracted for loans already granted. What can be done in such situation ?

Sir Can interest free debentures be issued by the company (i) Listed Co.; (ii) Unlisted Co

Dear Sir There is a loss making company but it has to make mandatory CSR spend due to turnover parameter getting fulfilled. While computing profits for CSR reference is taken to section 198 which requires addition of bounties and subsidies received to the profit. Whether the government grant received of whatever nature capital or revenue need to added in all the circumstances for calculation of profits w.r.t. CSR

Can a private company issue fully paid up preference shares (CCCPS) through private placement to non-existing members (or investors) & can such amount of paid up preference share capital exceed the aggregate amount of authorized preference shares capital?

Dear Sir, Land NA in the name of 100% wholly owned subsidiary Company Order passed by High court for Merger with Parent Company Can land Non agricultural as stated above be sold in parent Company's name? Kind Regards, Farhad kapadia

Can a private company make rights issue of "Non-convertible debentures" (nature of securities : secured & redeemable) to its existing or new debentureholders?? If not, then by what mode can it issue such debentures to its existing members (i.e. holders of compulsorily convertible cumulative preference shares)?

Sir, Can we file CHG 1 for modification of document which was executed on 31st March 2019. As we understand as per recent amendment, modification or creation of charge cannot be filed after 120 days. Is there any solution to ratify Thanks and Regards Srinath

Sir If a Govt. Co. plans for IPO then can the govt. nominees keep veto rights even after IPO.

Dear Sir A Limited, Delhi and B Limited, Gujarat want to amalgamate. To which NCLT bench the petition shall be filed

Dear Sir A Limited and B Limited incorporated JV Limited (as joint venture). Both companies will introduce capital in the ratio of 70% and 30%. B Limited will be providing all the technical support. Can A and B sign a MOU whereby none of the liabilities under JV Limited shall not be borne by B Limited. If yes, please advise about the applicable legal provisions

Sir if private ltd co (not covered in exemption of 464E) gives loan to person in which director is interested u/s 185(2), can it be ratified later by passing a SR??

A private Limited Company has given security to a NBFC for a loan to be availed by another Private limited Company. Both the Private Companies are group Companies with almost same shareholders and Directors. Can the private Company giving the security escape the rigors of Section 185/186 if otherwise it flouts the conditions laid down in both the sections for giving such security on the ground that both are group Companies.

Sir, Can a company have 2 statutory auditors to sign standalone financials separately by 1 auditor and consolidated financials will be signed by 2nd auditor

What is the validity of a valuation report given under Sec 62 (1) (c) of the Companies Act, 2013?