Inter corporate loans and guarantees
Non-Applicability of the section A company shares, debentures or other securities. A private limited company which is not an additional of public limited company. Any company loan to its wholly-owned subsidiary. Holding company loan is made to its wholly-owned subsidiary. Shares allotted under section 81(1)(a) of the act Acquisition of …
Remuneration to professional directors
The act has fixed that the total remuneration payable to all directors in a company shall not exceed 11% of its net profits computed in the manner laid down in sections 349 and 350 of the act. These provisions do not apply to a private limited company. It has already …
Statutory registers
Where a company holds its investment in the name of a director or a nominee or in the name of a bank, pursuant to sub-section 2 and 3 of section 49. The details of shares held in the name of any other person shall be entered in a register with …
Minutes of meetings of board of directors and shareholders
Minutes are the official record of the proceedings of a meeting. It is mandatory for every company like private limited and public limited company is to keep books containing the minimum of proceedings of : (a) meetings of board of directors (b) meetings of committee of directors (c) meetings of …