CS Karan Vij

In this Article the discussion is all about the provisions of loan from shareholders by Private Limited Company , Process of acceptance of loan from shareholders, & Treatment of such loan in DPT-3 .   LOAN FROM SHAREHOLDERS   ·            Under the Companies Act,1956, it was allowed to the Companies to accept loan from shareholders and such loans is considered as non-deposit.   ·          Under the Companies Act, 2013 it was “ not allowed ” to accept Loan/Deposit from shareholders.   EXEMPTION NOTIFICATIONS FOR PRIVATE COMPANY   ·          MCA Notification No. G.S.R. 464(E) Dated 05 th June, 2015 The Provisions of Deposits as prescribed under Chapter V, clauses (a) to (e) of sub-section (2) of section 73, of the Companies Act, 2013 Shall “NOT” apply to a private company which accepts from its “MEMBERS” monies not...

  CERTIFIED TRUE COPY OF RESOLUTION PASSED AT THE MEETING OF THE BOARD OF DIRECTORS OF XYZ PRIVATE LIMITED HELD ON __________,  DAY OF ________ AT ______ AT THE REGISTERED OFFICE OF THE COMPANY AT _______________________  APPOINTMENT OF MR.X AS COMPANY SECRETARY OF THE COMPANY It was informed by the Chairperson that Company Secretary of the Company, Mr. Y has resigned from the Company which will be effective from ___________20XX. It was further informed that Mr. X, a Qualified Member from the Institute of Company Secretaries of India having Membership Number___________ has already joined Company with effect from __________20XX for the Purpose of handling all the records/documents pertaining to Secretarial Functions of the Company. As the Company Secretary plays a vital role, the offer letter has been read with rights and duties of Company Secretary & it was resolved that Mr. Y will be relieved from the post of the Company Secretary from ___________20XX & Mr. X wil...