Tapan
04 June 2020 at 22:39
Kindly suggest what should be the name of the agreement. Case is as below.
Case:
The promoters of a Company approach a investor to invest in equity of der unlisted public company.
The promoters guaranteed certain fixed IRR on that investment on der company and return of that investment at a fixed price..
Now this investor wish to pen all the things into an agreement.
Then what should be the name of that agreement. And can the investor make the company a party to that agreement which is legally enforceable.
Madhu Mittal
04 June 2020 at 18:25
As per companies Act 2013 section (2) subsection (77):
(77) ‘‘relative’’, with reference to any person, means any one who is related to
another, if—
(i) they are members of a Hindu Undivided Family;
(ii) they are husband and wife; or
(iii) one person is related to the other in such manner as may be prescribed;
Mr. R had three sons, named Ka, Mo, Mu. Mr. R as well as his sons Ka, Mu are no more.
Huf of R never used in any type of activity whether business or income tax purpose.
Son of Ka has significant influence in the company.
Wife of Son of Ka is director of the company.
Grandsons of Ka are also directors in the company.
1.Whether grandson of Mu is relative of grandson/daughter in of Ka as per section 2(77) of companies Act 2013 ?
2.Whether wife of Mu is relative of grandson/daughter in law of Ka as per section 2(77) of companies Act 2013 ?
3.Whether the Huf of son of Mu (where all members of Huf is shareholder of the company) is relative of son of Ka or wife of son of Ka or grandson of Ka as per section 2(77) of companies Act 2013 or in any other act ?
Shobhit Jain
03 June 2020 at 19:28
1-Is there any minimum/maximum rate of interest at which NBFC/housing finance has to give housing loans to the public?
2-What is the cost of funds for new NBFC/housing finance companies at the initial stage?
3- What are the ways with which NBFC/housing finance companies can bring down it cost of funding over a period of time?
Can anyone help with these questions, it will be of great help
Shobhit Jain
01 June 2020 at 21:47
RBI has set a maximum LTV ratio for housing finance for scheduled commercial banks. Whether it will be applicable to NBFC's as well?
Anonymous
01 June 2020 at 14:09
Employee are willing to purchase less than 10 shares every month of their own organisation as long term investor and not for trading. Also, ready to give declaration of the purchased quantity. But, the company management is prohibiting for purchasing the shares of the company, directly or indirectly.
Deepa Sharma
29 May 2020 at 13:11
Dear Sir/Madam
Ref to my subject, I am doing service providing work for Insurance Companies. And one of my reputed client hold my payment, on behalf of an audio recording, submitted by the Claimant (single case). And send us a notice for not paid payment " due to bribe allegation". They hold our 100 cases payment, The said audio recording are not belongs to our worker. And we explain the company, but they not lesion to our clarification, and take one side decision, and declined to pay our payment. We once sent them a notice through advocate, but they not replied. So need the guidance. My client is Pune (Maharasthra).
with regards
Deepa Sharma
CA Vivek Kasat
29 May 2020 at 01:58
This question dates back to the year 2015.
A PVT ltd company has 3 directors of which 2 are staying outside of India (non resident) at one place and 1 is staying in India. It has also appointed a full time Company Secretary.
On 25th September 2015, Company realised that Financials are to be signed and none of the non-resident directors could travel to India and vice-versa.
So, what various options are available to comply with the provisions of section 134 related to signing of Financial Statements by the Company? Also plz give a very practical view i.e. where back dated paper work can also be prepared on this 25th September 2015.
Anonymous
28 May 2020 at 09:54
If someone removed from private job in software company in 5 months how much should company pay
Anonymous
26 May 2020 at 22:46
Dear Sir,
Facts: Company is under CIRP ( Corporate Insolvency resolution process)
RP is appointed
Current status : Negotiations with promoters for settlement.
Salary of Post CIRP is pending
RP has expressed his view regarding termination without payment of dues in this COVID period.
Employee who have earlier filed a case for payment of salary is pending before NCLT and they have again moved a fresh application to stay the termination till the settlement process under inherent power of NCLT.
Query : Is there any specific provision in which NCLT can direct to stay the termination or may say to pay the dues before termination.
Any judgment to support the case of employee
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Nidhi company
Hello Everyone
Can a poor lady who doesn't have bank account or PAN Card, can become the member of Nidhi company by taking 10 shares in cash.
Thanks