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akash   13 February 2013 at 14:04

Private limited company- right of minority shareholder

Hello Experts,

A shareholder in a Private Limited Company, holding less than 0.02% of the total shares wants to know the sales on a day to day basis of a retail outlet run by the company.

1) Is the company bound to give out this information to the shareholder?

2) Do the annual audited report need to be sent to this shareholder, given that its a private limited company?

3) What kind of data / information is a pvt ltd co. bound to share with these shareholders?

Prakash s Deshmukh   11 February 2013 at 19:44

Standard form contracts

what are the socio-legal implications of the standard form contract in India? if at all any socio-legal implications leading to cause problems how that problems can be overcome with the help of existing laws and what amendments do you suggest to resolve the problems arising due to standard form contracts in India.

ashish   09 February 2013 at 17:36

Conversion of a society into section 25 company

Dear Sir,

can a society be converted into section 25 Company?

If yes, then please elaborate the Income tax and stamp duty aspect.

Thanking you in advance.

Regards,

Ashish Wadhwa

chisti.sagar   09 February 2013 at 16:52

Company law

What is the role of independent director in Corporate law with regard to latest enactment?

Amal Jajodia   09 February 2013 at 15:03

Final withdrawal of pf on retirement

I worked for an MNC from 1982 to 1994. After this I took up 3 different jobs, all of which kept me outside India. On my return I asked the MNC to allow me to withdraw my PF since I had crossed the age of 58.

Since a long time had elapsed, I did not have any records relating to my PF number. The company says they can't trace this account either and are unable to find the PF account number.

I filed an RTI with the PF department in Bandra and was told that I should approach the company only.

What should I do?

dhawal   08 February 2013 at 19:56

Loan

case- A business loan from HDFC bank O/s around 70000/- around 40% of loan availed. i unable to pay because of business loss that business on which loan taken is almost closed and
HDFC bank passed the case to the arbitrator and arbitrator awarded the case and ordered to pay outstanding dues with 12% interest and from the same bank my car loan is also pending which is regular and only 2 installments are pending.

my question is-

1) Can bank take possession of car and recover the amount which is not related to business loan.

2) If not, how can they recover due amount because business is closed which is the base of loan.

3) After the award of arbitrator now where i can appeal, do i having a right to ask him reopen the case.

4) now after all these do i am in the position to approach bank for settlement of case.

5) BUT MOST IMPORTANT IS ABOUT MY CAR IT IS SAFE OR NOT.

akash   08 February 2013 at 15:28

Transfer of shares in private limited

Hello Experts,

What are the formalities required to transfer / sell shares from one shareholder to another person in a private limited company?

Which forms need to be filled up? Can these be sourced online as well?

Thanks!

akash   08 February 2013 at 15:15

Difference between sale and transfer of shares in pvt ltd

Hello Experts,

What is the difference between sale and transfer of shares in a private limited company?

If one person wants to sell his shares to someone else for the same value that he bought it at (i.e. no profit / no loss), should it be called "transfer of shares" or "sale of shares" in the agreement which gives the schedule of payment for the shares?

shekharshahane   07 February 2013 at 22:39

Money lending licence

Dear sir,
Pl.guide me for obtaing Money Lending Licence. What are the rules and formalities for the same.
Awating response
With reagrds
Shekhar Shahane

Karan Gaur   07 February 2013 at 19:13

Depreciation under companies act

Opening Balance (as on 01.04.2011)of Plant & Machinery Rs. 100000 Addition as on 01.06.2011 Rs. 50000 Transfer/sale as on 31.10.2011 Rs. 25000 Rate of Depreciation 5.28% on SLM basis. What would be total depreciation for the financial year 2011-12 under companies act.

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