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Mumbai, Jan.10: Mr. Suresh Viswanathan, Company Secretary, a Fellow Member of the Institute of Company Secretaries of India, Member of Chartered Institute for Securities and Investment (UK) and a Certified Associate of the Indian Institute of Banking and Finance will addressed a Seminar on Company Law Matters  held on 9th January 2015 at Hotel Suba Inter

The focus were on the Recent Amendments to the Companies Act 2013/ 2014 - Provisions applicable / exemptions given to Private Limited Companies.

 Following are some of the questions   addressed during the Seminar.:
1.      Can General body meeting held outside India?
2.      What is the implication,  If one of the Directors, residing abroad, has not attended any of the Board Meetings (which have been done by a circular) during the year ?. 
3.      Loans given to the Director/Company under same management/Firm in which the Director or his relative is interested prior to the provisions of Companies Act, 2013 came into force, in such case how to deal with the outstanding amount? What is the time limit within which the same has to be repaid?
4.      What is the time limit for filing Form INC - 21 and what are the consequences if the said Form is not filed within the limit. (A company having a share capital shall not commence any business or exercise any borrowing powers unless a prescribed declaration filed with the said Form with the ROC) 
5.      Can a Company give a loan to LLP in which Director or his relative are Partners/interested?
6.       Please highlight on the relaxation proposed for Private Limited Companies in the recent Companies (amendment) bill 2014?
7.      So far, before declaration of dividends, 10% of the current years profit had to be transferred to General Reserves.  As per the amended provisions transfer to General Reserves is not required to be done but whether dividends can be declared out of General Reserves ?
8.      Whether it is compulsory to have a Local Director on the board ? 
Mr. Henry Lovo, Chairman of CCCI welcomed the speaker and Mr. Valerian Mthias propoed a vote of Thanks