Whether minor can become a share holder through transmission?In such case whether is liable to pay any money on partly paid up shares which he has acquired through tansmission from his personal propery?

1 . will compiler helps ?
2. apeared once in pcc, found ques. which i've never seen
3 . i'd love to know about any source (internet,books)which will help in preparing for case studies.

FACTS
The company proposes to pay royalty @4% of the net profits to one ordinary director for the purpose of using the trademark held in his name.

Presently the board comprises more than one Whole time directors and remuneration is paid to them.

The querry is whether the aforesaid royalty to be paid to the director to be included in the ceiling limit of remuneration given under section 198,349 & 350. (i.e.As per sec. 198 11% of net profits and as per sec. 309 1% )

Whether the said royalty can be considered as commission. If it can be so considered as commission, i understand that only special resolution is required and CG approval not required as it cannot be considered as monthly, quarterly, annual payment. Pl. advise on the same.

What is Digital Signature Certificate?
For what purpose it is needed?
Also tell me for what are the returns (i.e. returns to be filed as per Income Tax Act and Companies Act) that requires DSC?
With regards.

SIR PLEASE TELL ME FOR WHICH FORMS DIGITAL SIGNATURE CERTIFICATE IS REQUIRED FOR FILING AS PER INCOME TAX ACT1961 AND COMPANIES ACT,1956.
DID NOT GET REPLY FOR THAT!!!

Hello,

Original cost of asset sold :Rs415000
WDV of asset sold as on :Rs.334092
Asset sold for Rs 25500/-

the depreciation has been provided as per Companies Act,1956

Will the loss on sale of asset be allowed as per Companies Act for the company?if yes,what would be the amount of Loss?


Thanks & regards

pls tell me the order in which MCA forms to be filed. 20b/23b/23aca/23ac

DEAR EXPERTS PLZ SOLV MY QUERY:

A private limited Co. was incorpotrated in 2009 with Rs. 5 Crores Authorized Share Capital which contain Rs. 1 crore Equity Share Capital and rs. 4 Crore Optionally convertible pref shares. The Paid up Capital is Rs. 1 lac equity shares which devided in 1000 equity shares of rs. 100 each.
Now thw Co. wants to sub divide its Equity shares face value to Ra. 10 each share from Rs. 100 each. and also after subdivision the Co. wants to increase its ASC to Rs 8 crore which contain Rs. 3.5 Crore in equity and Rs. 4.5 in pref shares. I have prepared the documents for sub division of eq shares and increase in ASC by making notice of EOGM and passing the O/R for both purposes. Now My query is that what should I do in case of paid up capital of Rs. 1 lac. should i have also pass an O/R in the same EOGM or not because from the consequence of subdivision in Authrised equity share capital from 100 to whether paid up equity wil effect or not?
Please reply AS SOON AS POSSIBLE or any other further clarification in this regard please do let me know.

Can anyone please explain in which section of the Companies Act, 1956 the meaning for consideration received in cash and consideration other than cash is explained for issue of equity shares?

whether minor is liable to pay any amount on partly paid up shares,which he has obtained on death of his father?

Sir
Arranging gold to the parties (BUY/Sell) on commission basis is fault? if so what are the precationary measures? pl suggest.a