Can paid up capital of an incorporated company be nil? If so is filing of annual return necessary?

A company was incorporated in the FY 2008-09 with authorized capital Rs 5,00,000/- but paid up capital has been nil since then. Is it a violation of the Companies Act, 1956? If not, is filing of Annual Return compulsory even if paid up capital is nil.

Dear all,

Require the guidance of learned member for the following Querry:

The case is of a Private Limited Company having paid up share capital of Rs 4.5 Crores. It had two Promoter Director - Mrs A and Mrs B. The Husband of Mrs A and Mrs B are real brother. Currently Mr. A is also Director in the company.

Mrs B is a Non Resident India in Income Tax (but an Indian Citizen). The company had taken fund of around Rs 2.75 crores and issued shares of Rs 2.25 crores to her (i.e. shares issued to NRI).

Is their any violation of FEMA and if yes, what are the repircations. Further what are the remedies available to the company.

Lastly shall all the director be considered to be part of default and if yes, what shall be a way out if a Director want to get out of this issue.

Hope to get kind guidance of the members.

Regards

Juhi

Whether shareholders approval is required in case of appointment of First Directors of the company ? Also pls let me know the Section which is applicable

Mr. X has changed his job and joined a new job. He wants to withdraw his PF amount from the old job. Is there any time limit within which he has to withdraw such PF amount?

Reply.

Regards,
Devendra Kulkarni

Hi,

can anyone tell me:

5 Cos. of ours are changing their regd ofc from delhi to jharkhand, so, can a company secretary in whole time employment, appointed in one company appear before CLB on behalf of its group company.

Kindly answer.

Dear Expert
Please suggest me that under esi calculation if amounts comes like Rs 184.20 paise what amount we should take is it Rs 184/- or Rs 185 /-
As per general round off rule we used to take next rupees only when it is more than 50 paises and used to ignore if it is less than that .
But i come to know that under esi rules if any thing comes in to paises we should take the next higher amount is this right .
Thanks & Regard

if director name written in AOA as per law we assume thatdeemed first director of company for public co.
so my question is thatif director whose written AOA who will die before joining office than it's vaccancy of director?

Hi.. please tell me the procedure for registration under p.f. act.
can Interior Decorator (Proprietorship) apply for Registration Under P.F. if yes what is procedure.

Private company uses Pvt in the end of its name like XYZ pvt ltd

why we do not use Pte instead of Pvt?
Is Pvt define anywhere?

Pls anwser along with legal references and any circular of Govt body

Hi,

Pls can any one guide me on how to verify validity of digital signature.

Thank,s

Dinesh