A Managing director in a unlisted public company was re-appointed for a period of 5 years say from 01.04.2005 but it was placed before the Board on 28.03.2010 and the Direcors have decided to call ann E.G.M during 1st week of april.

Query:
1. can this appointment be placed in the ensuing A.G.M for shareholders approval.
2.will he vacate the office as on 31.03.2010.
3. in this circumstances can he authenticate the Balance sheet.

The Authorised capital of the company is Rs 1,00,000(Private Company).
In MOA, two subscriber decided to subscribe with 100 shares each. i.e. 200 shares of Rs 10 each. Will this do for forming a company?
Why is it contradictory that minimum paid up capital is Rs 1 lac in case of private company but also it is said that subscriber should take atleast one share.

I have availed the name reservation and in process of filing up Form no 1,18 and 32. I want to know the following issues:
1. How should e stamp duty be paid for form no 1,MOA and AOA
2.Should signed and stamped MOA and AOA needs to be attached with form no 1? If yes then how the e stamp duty shall be paid on MOA and AOA?
3. What are the attachment to be attached with Form No 1?

We have appointed Additional Director in Board Meeting.
We have to give remuneration to these Directors and also to give the status of Whole Time Director.
We have already filed form 32 of appointment as Additional Director

Now whether we give the status of WTD and remuneration in the same meeting subject to approval of Shareholders.

And whether we have to file fresh form 32 for giving them status of WTD.
Please explain the process

Sodexo is a french company allowed to issue pre-paid Gift Vouchers in India. There is a guideline given by Reserve Bank of India giving directions for their operations. It's published in April 2009 under "Issuance and Operation of Pre-paid Payment Instruments in India (Reserve Bank) Directions, 2009".

We had got this Sodexho Gift Vouchers in 2006 from one of the Vendor as an Incentive. We thought we had used it all. But recently - while clearing cupboard - my wife found unused Gift coupons worth Rs.2,600/-. They had expiry date of 31-12-2006.

When I approached Sodexo they said nothing can be done about them as everything has been accounted for so far and accounts are closed.

When I read the RBI directions- it says following:

Issuance and Operation of Pre-paid Payment Instruments in India (Reserve Bank) Directions, 2009

April 27, 2009



9. Validity
9.1 All pre-paid payment instruments issued in the country shall have a minimum validity period of six months from the date of activation/issuance to the holder.


9.2 In the case of non-reloadable pre-paid payment instruments, the transfer of outstanding amount at the expiry of the payment instrument to a new similar payment instrument of the same issuer, purchased by the holder may be permitted.


9.3 The outstanding balance against any payment instrument shall not be forfeited unless the holder is cautioned at least 15 days in advance as regards the expiry of the validity of the payment instrument.


12. Customer Protection Issue
12.1 All pre-paid payment instrument issuers shall disclose all important terms and conditions in clear and simple language (preferably in English, Hindi and the local language) comprehensible to the holders while issuing the instruments. These disclosures shall include:


i) All charges and fees associated with the use of the instrument.


ii) The expiry period and the terms and conditions pertaining to expiration of the instrument.


iii) The customer service telephone numbers and website URL.


12.2 An effective mechanism for redressal of customer complaints shall be put in place by the entity issuing pre-paid payment instruments.

So, I asked them if Sodexo had given 15 days notice to me (as holder) as per direction 9.3 and also inquired about "effective mechanism for redressal of consumer complaint". They had no answer. They noted my contact number and promised to revert. This happened about 4 days back. Before that, I had written an email to the address they have put on the web site in first week of Feb 2010. But, so far, there is no reply to my email.

I feel that such companies - who are authorised to issue pre-paid Payment Instruments i.e., Gift Vouchers must be making a lot of money due to such expired and lost Gift vouchers. But RBI guidelines is not detailed enough to stop such operations.

What to do?

Rajesh Kothari

what are the regulations for the company giving donation.......?
is there any limit specified.....?

hi

I need info as to when we need to have contracts and when we need to have PO based agreements....for both vendor and customer ?

also what are the benefits of one above other ? also when NDA needs to be signed ?

A listed company wants to declare 10% dividend on paid up share capital. But in current tear sufficeint profit is not available. Free Reseves are available. But in preceding 5 years company never declared dividend. Can co. declare dividend in current year using accumulated profits?

In which act it is said that if we submit the affidavit to the high court or high court related matters we have to start the first line of drafting of the affidavit as "In the matter of & in which act it is said that if we dont have to submit the affidavit in high court or high court related matters we have to start the first line of drafting of the affidavit as "In the matter of the petition of

What do u mean by every affidavit shall be drawn up in the first person.(if the abovementioned line is written under the affidavit for any purpose).

Pls forward any case laws if any

Thanking u all experts in advances

WHEN IT IS NECESSARY TO REGISTERE OUR SELF WITH GUJARAT POLUTION CONTROL BOARD ?

THAT IS, CRITERIA FOR COMPULSORY REGISTRATION WITH GUJARAT POLUTION CONTROL BOARD :