Dear Sir i have three querries regarding debentures 1.can a pvt Company convert Advances into Debentures, in this case private placement rules is applicable. 2. as per companies 2013 act is it possible to issue optionally convertible debentures by a pvt Company? 3. as per companies 2013 act is it possible to issue unsecured debentures (optionally convertible). one of CS is telling that convertible includes optionally convertible so deposit rules not applicable is this correct? please

The quarterly results of subsidiary for the quarter ending on 30.9 were not available and hence the same were not consolidated for furnishing interim results by the listed holding company For the interim results for the period ended on 31.12, the results are available for the quarter ending on 30.9 and 31.12. How should the holding company treat the data of 30.9 now made available to it by the subsidiary

can interest free loan be provided to subsidiary by the holding company

Company X's Board has recommended for re-appointment of Independent Director for second term . Shareholders meeting is after the expiry of first term. What would be the status of Independent Director before Shareholders Approval. Is Board required to appoint them Additional Director for the interim period ( i.e. between the expiry of term and date of shareholders meeting appointing for second term by passing special resolution).

Sir what is the procedure for converting preference shares into equity shares? Which is the applicable section or rule?

We are Private Limited Company with total 3 Directors on Board. In Co. Amendment Act 2017,proviso added to section 135(1) : if co. not required to appoint Ind. Director then 2 or more director can form CSR committee So we as private limited company not required to appoint independent Director and hence can our CSR committee consist of 2 Directors only ? And Rule 5(ii) still says that private co. having only 2 directors can form committee with 2 directors only. contradictory/repetition

Dear Sir, Whole time Director need to be appointed as Managing Director so basically it is change in designation from WTD to MD. In Board Meeting, it is to be taken as "Appointment of MD" only or as "Change in Designation" ? further, approval of shareholders in subsequent general meeting will be required in this case ?

A Pvt Ltd Company was formed with an Authorised Capital of Rs.25 Lakhs And at the time of formation of Company, the subscribed capital was also kept at Rs 25 Lakhs The Company was formed in Oct 17 with 2 Directors and 2 shareholders. Now till Dec 18, no bank account has been opened to receive the subscription money. And till March 18, the subscribes have not paid the amount of the Share Capital in Cash nor in Bank. So is there any penal consequences for the company or the subscribers.

A Pvt Ltd Company was formed with an Authorised Capital of Rs.25 Lakhs And at the time of formation of Company, the subscribed capital was also kept at Rs 25 Lakhs The Company was formed in Oct 17 with 2 Directors and 2 shareholders. Now till Dec 18, no bank account has been opened to receive the subscription money. And till March 18, the subscribes have not paid the amount of the Share Capital in Cash nor in Bank. So is there any penal consequences for the company or the subscribers.

Background: A Company in US holds 9998 shares of an Indian Company, while the remaining 2 shares are held by two Individuals in their own capacity (and not as a nominee of the US Company). Question 1: Who is treated as holding beneficial interest in the shares of Indian Company, is it the US Company or ultimate investor holding shares is the US Co.? Question 2: What is the fundamental difference between Section 89 and Section 90? Is it only 10% in case of section 90 (r/w rules there under)

Sir, Can Private Limited company hold EGM outside India when shareholding is held by body corporate and individual outside India who are represented by India Resident. Also can EGM be held outside India if shareholding is held by Indian Resident

Dear Sir, Can practising Chartered Accountant with 5 years of experience sign valuation report for private placement of shares post notification of section 247 of Companies Act 2013 effective from 23rd Oct 2017

Sir A company has taken loan without any option in the agreement to convert it into equity at the time of settlement. But now it is proposed to be settled by converting loan into equity. What is the procedure to be followed in such case

A company wishes to have PE Investor as its 80% equity share capital participant. Can such PE Investor be provided an exit route by having a covenant that the company will buy back equity from the PE Investor after 5 year at "x" price

In continuation of my previous query..... But Proviso to Section 143(6)(b) states that Provided that any comments given by the Comptroller and Auditor-General of India upon, or supplement to, the audit report shall be sent by the company to every person entitled to copies of audited financial statements under sub-section (1) of section 136 and also be placed before the annual general meeting of the company at the same time and in the same manner as the audit report.

Sir The CAG comments are not received on the audit report of PSU. AGM is due. Can the financial statements be placed and adopted at such AGM in the absence of CAG comments. If yes what procedure shall be carried out when CAG comments would be received at a later stage

Pvt Ltd Company "CC Pvt Ltd" in which Mr N (proprietor) already holds 40% of paid up share capital wants to takeover the proprietorship (Net asset value 60 lac) by issuing right equity shares at premium having FV 10. Is it possible to issue right equity shares at premium to proprietor of concern which is being takenover or only shares at par to be issued to the proprietor ?

In FY 2017-18, our company which is unlisted public ltd paid Managerial remuneration in excess of 11%. Now what should be done, whether we have to pass special resolution by calling EGM, is it enough?. AGM is already completed. Please guide us

Can the face value for a listed company be in paise say Rs. 0.50 per share How about the unlisted company

is a comppany which now has less than 5 crores paid up capital, still required to file XBRL Accounts or it can now do away with such filings as there is now no applicability of XBRL Provisions to it?