the authorised capital of my company is as follows:
150000 equity sharesof Rs.2 each
100000 5% Non. cumulative Pref.Shares of Rs.2 each.

the company had issued 50000 pref. shares which was to be redeemed during march 2011.
The company doesnot have sufficient profits to redeem the same.
My query is whether the pref.shares due for redemption be converted into equity.What compliances are required for it.Also, if the above is converted into equity sh., the authorised capital of equity will increase.is reconstitution of authorised capital is possible.wat compliances are required.

We have got contributory pension scheme for our Employees where in the Employees contribute major portion to the fund. The purpose of the fund is to pay pension to Employees on retirement. Trust is created for Workers cadre and there is no trust for the Managerial cadre. The fund is managed by an Insurance Company. Now some of the Employees are demanding Loan from their Contribution to the fund as they are in urgent need of the money. The Insurance Company is not willing to pay the Loan. The issue has become an IR problem for the Company. Can any one guide us about the legal position in the matter, i.e. whether our Employees are right in demanding Loan from the Pension fund. Whether the Insurance Company is duty bound to pay the loan to our Employees from the fund since the fund is only managed by the Insurance Company on behalf of our Trust/ Company.

Dear Sir,
One of my client has availed External commercial Borrowing. Kindly send me format of Certificate to be issued by Chartered Accountants. Also, can company park the same amount in FD till the project is start or Utilisation of ECB?
Regards

Section 12 says that where the salary or wage of an employee exceeds 10000 per month,the bonus payable to such employee shall be calculated as if his salary/wage were 10000..

What i'm asking is that; Is this not contradictory to the "Eligibility for Bonus" that says- to be eligible for bonus, salary/wage of an employee should not exceed 10000 p.m ? if a person is getting sal/wage more than 10000 how can he be eligible to get bonus..please explain..

Thank you

Dear Sir,
Give me proceedure to get register home in the name of the present owner who purchase from owner who purchase home from the previous registerd owner. Still this home is registered in the name of the previous owner (registerd owner),person who purchase this home now he want to get register this home on his name but he dont know the registered person and dont know whether he may live or not on whose name this home is register.How can he get register his name.

Please give me kind reply.

waiting for your kind effort.

Thanking you,

Sir,
I want to know the existing rules on affixing revenue stamp. Is there any revenue stamp having face value of Rs.5/- and on which transactions it is to be used?

What is Dividend Balancing

what is the basic difference between NBFC and a Banking co.

thanks..

my query are as mention below for registration of co op society.

1. "pawanhans co op hsg sco. is reg. with co cop society department.

2. "pawanhans co op hsg sco. has 7 different building (unit)with 7 different name like "A Complex" "B Complex" "C Complex" ETC. .

3. each building has 12 floor.

Query

Now Member of each Complex want to make Separate Co op Hsg Society in the Name of its Complex like. ""pawanhans co op hsg sco. A Complex." ETC.

Further They Also want to continue present entire Co Op Hsg Society "pawanhans co op
hsg sco."

Reason of above is Some General maintains Expenditure for all the building and overall co op hsg society is different.

Queastion:

Can Member constitute and run both Separate and as a whole co op hsg society.

and if yes.

can member of each building can issue "shares certificate" of its complex after registration of its building as separate co op hsg society.


thanks and regard.

thanks for your last replay.

my friend is a director of XYZ private company..........but two days back the company remove him from his directorship............now he wants to know what are the remedy available with him?