Director name(s) should be entered mandatorily under “Board of directors”. Mention different appointments as a sub-article E.g. (a) – Managing Director, (b) – Director Names etc. as per SPICe AOA help.
Board of Directors
The first Directors of the Company shall be:-
(a) Managing Director
is it correct manner??
Say a company X purchased 1000 shares of Rs.10 each at the premium of Rs. 65. of Company ABC Ltd. (unlisted company), The Shares were valued @ Rs. 75 on that date (based on Net Worth of ABC Ltd on that date ).
After 2 years
Now, company X wants to transfer these shares to Company Y. . Net Worth value per share of ABC Ltd. is Rs. 77 per share. Can Company X transfer these shares to company Y AT Rs. 75.
What will be the tax implication on both the companies.
Promoter A- sells 4 crores shares to Promoter B
Promoter B again sells back to Promoter A the same no. of shares
Whether above is allowed ? If yes, what all process are involved? Within what time limit
If no then explain with reason
Kindly give me answer
Provided that in case a company does not have a common seal, the share certificate shall be signed by two directors or by a director and the Company Secretary, wherever the company has appointed a Company Secretary - AS PER THE COMPANIES (AMENDMENT) ACT, 2015
DEFAULT TABLE F CLAUSE- Every certificate shall be under the seal and shall specify the shares to which it relates and the amount paid-up thereon.
SHALL WE NEED TO ALTER SUCH CLAUSE IN TABLE F IN ORDER TO ISSUE SHARE CERTIFICATE WITHOUT COMMON SEAL ??
I have a dout so need your help
I have completed B.com, 1'm working in one company as accountant and also free time I'm trading in equity cash , now i m planning to open one website and give call to customer and I m plan collect 5000 per month from them. if i do this compulsory need licence or can show this in income tax as commission from income from other tax head?
please rectify my above issue