Can some one working in a particular industry become a director of a company in the same sector?

eg:an individual working in a tour company. Can he become a director in another tour company?

If an offer or invitation is not calculated to results, directly or indirectly, in shares or debentures becoming available for subscription to person other than those receiving the offer or invitation. Can anybody explain me this in simple language ?

Dear Experts,
My NRI client has got some amount in his NRE S. B. A/c. which he now wishes to convert the same in to Fixed Deposit and for the purpose the bank has asked him to get a certificate from a Chartered Accountant.
When I asked the banker to clarify the matter, banker said that it is in connection with the repatriation and a CA has to certify that the fund is from the NRE A/c. Only.
Please clarify which certificate has to be given is there any particular form under any rules under which CA has to certify for such a transaction.
Please clarify at the earliest it's urgent

Hi i am a ca final student and wanted help in law and audit.Which book should i refer to get expertise knowlegde of this subjects and to get the concepts clear.Please do give your suggestions.

1. One of my client want to add two new additional director, then what is whole procedure.

2. And he also want to change his registered office address.

3. and he also want to increase authorized and paid up capital.

so please advice me about whole process

1. "A/c payee" crossed cheque can be endorsed further or not????
1. "Not negotiable" crossed cheque can be endorsed further or not????

hi, can any one let me know that, if the director is appointed as a additional director, then it is compulsory that the director will be retire after one year that is in next agm.and
Secondly,if the company has not filled any form in respect of him that is for removal or for appointing as a director in agm then what will be its poisition . He willbe a director or will not be a director. please let me know this.

Please tell me is their is any Provision regarding exemption for cs student that v can entroll directly for MBL either going for LLB . Plz Reply early?

Is form FC TRS will be applicable for gifts made by non residents to residents

i filled form 1A for name approwal of a new company-RAM AVTAR FRUIT COMPANY(INDIA)PVT. LTD.it was later decided to change it as-SHREE RAM AVTAR FRUIT COMPANY(INDIA)PVT. LTD.this new name is not being aprowed by MCA stating that it is similar to the existing name(RAM AVTAR FRUIT COMPANY(INDIA)PVT. LTD).what is the solution to get that new name?