mayur
15 March 2016 at 20:32
Hi All
Could you please suggests an alternative to relieving letter
Can we give affidavit as an alternative to relieving letter as I have resignation acceptance from Hr and Manager
Or any other option as I have not relieving letter and due to due amount company deny it
1) Maximum cap of buy back is= 25% of (Paid up cap+Free Res) or 25 % of Paid up Equity cap?
Law- Sec 68(2)(c) of Co Act 2013 -Provided that nothing contained in this clause shall apply to a case where the buy-back is twenty-five per cent. or less of the aggregate of paid-up capital and free reserves of the company: Provided that in respect of the buy-back of equity shares in any financial year, reference to twenty-five per cent. in this clause shall be construed with respect to its total paid-up equity capital in that financial year;
2) It appears from last sentence as if buy back happens for preference share also, is it?
Anonymous
12 March 2016 at 19:48
What are the minimum and maximum rates of interest per annum which any private money lender against gold can ask from his borrowers as per the law?
Ashish Ramawat
12 March 2016 at 12:42
A pvt. limited company wants to buy back 20% of its equity shares. Can this be done.
The limit of buy back is 25% of piad up equity capital and free reserves or just 25% of paid up equity capital
jenny
11 March 2016 at 23:58
I have registered my company in my mom's name. Now i want to change it into my name. How is it possible?
jenny
11 March 2016 at 23:56
I have registered my company in my mom's name. Now i want to change it into my name. How is it possible?
Adarsh Kumar
08 March 2016 at 16:35
May I know about the procedures of registering an educational consultancy?
Daljit Singh Mann
07 March 2016 at 20:15
Respected Advocates,
Please tell me about the latest judgment delivered by Hon'ble Supreme Court of India with regard to installation of mobile towers in residential areas.
Thanks
Daljit Singh Mann
Suresh Jha
07 March 2016 at 13:58
Sir,
My wife is holding 20% shares of a pvt.ltd.,company and is one of first directors.
She has deposited 12 lac rupees to company after taking loan from someone and partly from me.
Now, the remaining directors are taking business decisions with my consent and without intimation to me about any resolutions.
Informations are their that one of the director (who was authorised to execute sale/purchase deed) has executed sale deed of land of which company is not having ownership.
Considering above irregularities my wife has offered to sale all the share to remaining director and request for resign from directorship, but neither any board meeting was called nor she was intimated about her request.
They have submitted financials report to ROC without intimation and discussion in board of directors.wherein deposits have been shown as long term loan.
They are not ready to purchase share nor permit to sale to others.
Please advise how to come out from the company with my deposits
can we submit affidavit inabsence of relieving letter
My new company want relieving but I only have acceptance of resignation by manager and hr
Can I give affidavit to company attaching thoes mail acceptance and saying I will be responsible for consequences
Please suggest