Chandan Kini
18 September 2008 at 16:00
Dear All,
As per Press Note 7 of 2008 issued by the DIPP (available on the DIPP website) the minimum capitalisation of foreign holding requirements are as follows:
1. US$ 0.5 million in case the shareholding percentage is below 51%
2. US$ 5 million in case the shareholding percentage is between 51% & 75% &
3. US$ 20 million in case the shareholding percentage is between 75% & 100%
I want to know whether such minimum capitalisation requirement will also include the premium at which the shares are issued? Or whether 0.5, 5 & 20 millions should make up the total nominal amount of the face value of shares only.
Also any Act, Rule, circular or notification or any other document where the definition of minimum capitalisation is given..
Would really appreciate an answer at the earliest.
Thanks in advance, Regards,
Chandan
vikas
18 September 2008 at 13:07
DEAR SIR,
I AM A REGISTERED HOLDER OF 10% SHARES IN A PUBLIC LIMITED COMPANY. I HVE ALSO GIVEN LOAN OF RS 7 LACS TO THAT COMPANY FROM LAST 10 YEARS, AND THAT IS BEING SHOWED IN THEIR LATEST BALANCE SHEET FILED.BUT SOME DAYS BACK I HAVE COME TO KNOW THAT THEY HAVE APPLIED FOR BIFR.
NOW I WANT TO ASK U SOMETHING.
1)THAT HOW CAN I GET MY LOAN MONEY BACK .
2) DOES I HAVE ANY RIGHT IN THE COMPANY AS THEY DONT ALLOW ME TO VISIT IT NOR THEY SEND ME ANY COPY OF BALACE SHEET OR AGM.
3)THEY HAVE ALREADY PAID ALL THE LOANS OF BANKS AND FINANCIAL INST. BUT ARE SHOWING LOSSES WHICH ARE NOT ORIGINAL.
4)PLEASE TELL ME CAN I BUY THIS COMPANY AND IF YES WHAT IS THE PROCEDURE.
KINDLY DO THE NEEDFUL AS I AM IN NEED OF IT.
WAITINMG FOR REPLY
VIKAS
ankur
17 September 2008 at 22:22
can any one please tell me what does private equity mean
DIVYA
16 September 2008 at 12:14
Is Sec 297 of Companies Act, 1956 applicable if both the Company are Public Limited Company.
Patricia
15 September 2008 at 14:25
Respected Sir's
I was a partner in a firm constituiting me and my brother. Owning to few disputes i left the firm without any legal formalities. We were running our business in a rented premises. My brother vacated the premises and took the Goodwill amount from tne landlord amounting to Rs. 8 lakhs .The premises was taken on rent by my father. The total period we were in lease was more than 30 years and I was paying of the rent for 22 years . Is there any remedy available for me ? please advice ??
N.K.Assumi
14 September 2008 at 13:48
Can there be a case of theft in case of Sale of goods or Contract where offer and acceptance was made but no payment was made after delivery of goods?
rajendra
13 September 2008 at 16:36
what is the bonus rule applicable to the pvt. ltd. company?
Can the company denies bonus to the certain employees/manager?
what is the remedies, if company not paying bonus to some of the employees?
advocate satya
12 September 2008 at 16:22
sir
sometime we purchase some goods of low cost and if ask the shopkeeper to give receipt he denies, what is the remedy of getting receipt for the same and how the shopkeeper can be brought in legal frame of his denial?
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