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Co give loan to buy its own sh cap

Corporate & Other Laws

answered 2 hrs ago

restriction is to bcuy own Co share and holding Co sh ? Co can give loan to buy subsidiary Co share ?

latest answer

for eq sh it said 25% p.a is the limit for other 25% thts written in 1st one ..only aggregate is written ..does tht mean in lifetime limit is 25% ?

Sushmita Chowdhury

Sushmita Chowdhury

CA Inter

715

3

24

Debt

Corporate & Other Laws

asked 11 hrs ago

If person who want to qualify has auditor of company has holding Rs. 4 lakh and his partner also holding Rs. 3 lakh . Then he can qualify as auditor of that company?

latest answer

No answers yet!!

Shivashankar Jawai

Shivashankar Jawai

CA Inter

650

0

9

Sec 52 uses of security premium

Corporate & Other Laws

answered 19 hrs ago

According to section 52 security premium can only be used for the purpose mentioned therein which does not includes working capital requirements but many companies uses the proceeds of issue of share including premium for their working capital requirements how company do this

latest answer

Cash received is used, securities premium reserve is not used,

Atharv Sankliya

Atharv Sankliya

CA Inter

3K+

1

16

Reduction of sh cap

Corporate & Other Laws

answered 2 days ago

Why MOA is altered if there is reduction of share capital Cause MOA only says about authorised sh cap i.e the Max limit..which is not reduced….only issued capital is reduced

latest answer

1) is solved

Sushmita Chowdhury

Sushmita Chowdhury

CA Inter

715

2

27

bonus

Corporate & Other Laws

answered 2 days ago

bonus cant b issued to unpaid sh ? pls expl the meaning of this line

latest answer

If shares is partly paid then it must be first made fully paid, then only fully paid bonus share can be issued for it

Sushmita Chowdhury

Sushmita Chowdhury

CA Inter

715

1

27

Sh cap n deb

Corporate & Other Laws

answered 2 days ago

Alteration of sh capital at MOA OR or SR is req ?

latest answer

Section 61 - Alteration of share capital requires AOA authorisation & OR

Sushmita Chowdhury

Sushmita Chowdhury

CA Inter

715

2

40

The General Clauses Act

Corporate & Other Laws

answered 4 hrs ago

Section 8 Gauri Shankar Case I don't understand what they are trying to convey by using words " repeals new law subsequently " and " operation is saved by the relevant provision " Can you please explain Ma'am?

latest answer

Thank you very much Ma'am.

Dhivyaa Latha

Dhivyaa Latha

CA Inter

4K+

2

36

Purchasing asset for CSR project

Corporate & Other Laws

answered 2 days ago

1. Company can purchase asset of its own company for CSR activities? 2. Is there any increase of sales of own company by purchasing asset of own company?

latest answer

There is no restriction in law against purchase of own asset for CSR. In such case the company will have to write it off from its own books as it is being used for CSR.

Shivashankar Jawai

Shivashankar Jawai

CA Inter

650

3

31

CSR committee

Corporate & Other Laws

answered on 22-Jul-24 11:32

From which source CSR committee employees get remuneration?

latest answer

They are paid from the 2% allotted from profits for CSR Activity. However there is a limit to maximum admin expenditure on CSR.

Shivashankar Jawai

Shivashankar Jawai

CA Inter

650

1

35

sh cap n Deb

Corporate & Other Laws

answered 2 days ago

pls explain this with example only the bracket of pt 1

latest answer

I am unable to read such text in the image you attached. can You mention where it is mentioned with a clearer picture.

Sushmita Chowdhury

Sushmita Chowdhury

CA Inter

715

16

81

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