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yatharhpan   14 March 2015 at 06:07

Pvt. ltd. co share holding

Can private ltd.co. shares be issued in joint names? If yes, then surviving second holder becomes the sole holder of the shares after death of first holder? What legal procedure may need to be followed?

Kanwar Jeet Singh   13 March 2015 at 16:36

Pvt ltd company inactive since incorporation

Respected Experts,

A pvt ltd company was incorporated in the year 2013 under companies act 1956.

Due to some issues among the promoters, the business never commenced. The company was inactive since incorporation, even the bank account was not opened.

Now what will the compliance, if the promoters:
1. Commence the business
2. Make it a Dormant company
3. Windup the business

Your assistance will be highly appreciated.

DK   13 March 2015 at 15:42

Distribution of property of llp

Can the property of an LLP be distributed among the partners?

Say, 2 people are joint owners of a land and they want to transfer it to an LLP so as to not give away their rights in the land.
How can the land be distributed among them on dissolution of the LLP.

SANJAY SINGH   12 March 2015 at 20:06

Resignation from the post of president

SIR,
I HAVE RESIGNED FROM POST OF PRESIDENT BY SENDING SIGNED SCANNED COPY OF LETTER THOUGH EMAIL TO MAIL ID OF COOPERATIVE SOCIETY ALONG WITH EMAIL ID OF ALL EXECUTIVE BODY MEMBER. AFTER SEVEN MONTHS OF MY RESIGNATION, THERE IS A THEFT IN SOCIETY. NOW, EXECUTIVE BODY IS PUTTING BLAME ON ME THAT I AM STILL PRESIDENT OF SOCIETY AS THEY HAVE NOT ACCEPT RESIGNATION . AS PER BYLAWS OF SOCIETY AND UP CO-OPERATIVE ACT THERE IS NO PROCEDURE OF RESIGNATION. THE SOCIETY EXECUTIVE BODY IS IN MOOD OF TAKING RESPONSIBILITY OF SOCIETY. PLEASE ADVICE WHETHER MY RESIGNATION IS VALID AND WHAT SHALL I DO? THANK YOU IN ADVANCE.

Muralidharan   12 March 2015 at 12:29

Matter (order) pending in clb

We have an order pending pending ( to vacate an injunction) in CLB for nearly 3 months without any specific reasons. What should be done to get an immediate relief?

DK   12 March 2015 at 10:05

Distribution of property of a company

Hi,

I want to ask that can a private company, having only 2 shareholders, divide its estate worth some 1200 acres among the 2 shareholders , i.e. 600 acres of land each?

If yes, how can this be done?

Advocate.Amol Choubal   11 March 2015 at 19:36

Foreign direct investment

Sir, my client wishes to make investment in Retail chain.
Being an Foreign investor , FDI of 100% percent in retail business not allowed.

Dear Expert , can you please provide me the solution for making FDI

Hitesh Khanna   11 March 2015 at 12:36

Change in Remuneration of Partners

We partners have a mutually agreed to revise the remuneration of the partners.
The question is
1. Value of Stamp paper on which the supplementary deed of the Partnership deed will be executed.?
2. Whether the supplementary deed needs to be Norarised or is it optional to do so.?

Note : The main deed contains a provision that partners remuneration can be revised with the mutual consent of parties from time to time
Note: Previously only 2 parterns were entitled to remuneration but now all three partners will be entitled to remuneration.

tushar   10 March 2015 at 22:21

Change of name in proprietory firm

Dear All,

I have a proprietory firm from past 3 yrs in mumbai, i now want to change its name (it will remain as proprietory firm), is there any legal formulaties for the same or i can directly apply for new set of documents in new name and open a bank account in new name.

I have Service Tax Cert in old name and a bank account.

afzallokhandwala   09 March 2015 at 23:16

Aop (construction business)

4 members of family purchased a plot jointly (25%) with a plan to construct flats and sell it.

Now, a CA advised to start an AOP for the purpose.

Questions:
1) Without forming an AOP, is it not possible to share expenses of construction among members and share profits as STCG ?

2) AOP v/s Partnership firm?

3) Procedure to form AOP and accounting, taxability and compliance?