Mudit Shukla
19 November 2018 at 21:05
My client, Rhythm Equity Pvt Ltd, (Investor) is a foreign venture capital fund registered in India. They wish to make an investment by way of a fresh issue of shares into Blues Pvt Ltd, (Company) a company registered in India. Ms Aguilera, (Promoter) of the Company will continue to hold 73% of the shareholding post issue. In the course of their negotiations, the Investor suggests that they insert a clause into the SHA to be able to appoint two out of five directors on the Board. The Promoter notes that the provisions of the Companies Act 2013 provide for the majority shareholder to appoint the Board. The Investor seeks my advice as to whether the SHA can contain a clause for a particular shareholder to appoint directors, even if they are not majority shareholders.
Sameer Shah
19 November 2018 at 18:01
I was working with an organisation and I resigned from that organisation on 29th Oct 2018. After resignation I asked them to release me early but they denied they were forcing me to serve 60 days notice period so I decided to take a buyout option but the organisation didn't provide me the resignation acceptance. Now my new employer is asking me for relieving letter I don't believe my past organisation will provide me the same so what are the other options for me at this time? I do have that email where I clearly communicated that I am buying out my notice period( buy out option is clearly mentioned in my contract but issue of relieving letter is nowhere mentioned)
Since I have already communicated in my email that 14th November is my last working day. Is there any chance of dual employment?
Can I offer a written declaration to my current organisation stating that I was not dual employed at any point of time?
Mudit Shukla
19 November 2018 at 04:33
Can Shareholding Agreement contain a clause for a particular shareholder to appoint directors, even if they are not majority shareholders?
Anonymous
17 November 2018 at 15:16
I have taken 6.5lakhs from Fullerton finance
I havepaid my 7-8 EMI on time but due to higher interest and loss in business i am unable to.pay them
Can you how should i vet rid of them
I don't have money to pay the
Please help me
Rahul
13 November 2018 at 16:09
Dear sir,
Where can i get the data with regard to CA firms with LLP status.
Only numbers (zone wise) will do.
Regards
PRADEEP PUNNAKKAL
06 November 2018 at 09:01
Search Results for :Two Directors of an Indian Private limited Company are foreign nationals. For opening a Company Bank account in India, whether the foreign directors has to come to India and affix their signatures in the account opening forms. The foreigners are not signatories for operating the account. Please guide me.
kalyan
27 October 2018 at 10:59
Hi respected experts,
am at final stage of my chartered accountancy course, mostly i will have the knowledge of Income tax act, Goods and service act, customs law, Companies act ,FEMA act, SEBI regulations etc.
but various business sectors will be governed by various central and state acts.
if i got new client in diff sector like chit fund business or co-operative sector like that...
how i will get the information that,,, which act will govern that particular business.... since we have more than thousand act...
kindly help me in this regard .....
Anonymous
23 October 2018 at 17:13
Hi, I an in urgent need of Professional Help! I joined a company as Digital Marketing Manager on 1st March, 2018. I worked day & night and got 2 websites ready in 25 days. Based on this performance he offered me the Directorship of 5% for my department. It was all verbal and decided that the directorship will on profit sharing basis without any investment. I was officially introduced as the director but without the shareholding on 12th May, 2018 in MCA. I was happy and continued working with more dedication. Even I delayed my 3 months salary so as to contribute to the company. It was all going fine. Later I got to know the owner's past fraudulent activities through social media. Some of us discussed it with him but he never gave the clear answer and said that the matter is resolved now. We continued further but never got the salaries on time. On 20th Sept, 2018 we all were stressful and some of went to his house. We got to know that he was living with fake identity and that too police verification done. I told this to all the staff and got their sign on the letter mentioning that I was never involved in theses activities. I got majority of signatures and some of them are still with me. Keeping this situation in mind I resigned from the directorship on the day. I continued as an employee for some more days as I was waiting for my 3 months salary. On 27th Sept, 2018, at the heat of the moment he asked me to resign and I mailed him my resignation on the day and it was accepted on 28th Sept, 2018. 3 more employees resigned on the same day because of the salary issue. He gave the salary date 8th Oct,. 2018 for all the resigned people. Later he gave the date 10th Oct, 2018, Then on 10th he said that the salaries will be credited on 15th-17th Oct, 2018 at the time of company salary date. Today on 15th Oct, 2018, he went to local police station with an application against me. He mentioned that I am defaming him, affecting his business and brainwashing his existing clients. This existing client cross-verified with me about the company's situation and asked whether he will refund the payment or not. I told everything. Now I want experts to guide me that how can I be safe on the director part. And also how can I get my 3 months salary.
Abhimanyu Bind
21 October 2018 at 19:12
Dear Experts,
Can a foreign national view and download companies documents from MCA after following required procedure i.e. log in and payment? Or is there some restrictions on foreign nationals?
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Court of law in case of international transaction
Hi Members,
need support in understanding, as which country law to be accepted as terms of Contract against supply of Machine to the Customer in Florida and We are in India (Supplier).