Esi applicability for a software company having 33 employees and having gross pay below 10000 in 2008-09 FY only for 18 employees.

Is Auditor of a private ltd company which is not a subsidiary of a public company required to comment on non compliance with Sec 274(1)(g) as per Sec 227(3) of Co. act.1956 in his audit report

is 274(1)(g) applicable on private companies ?

My client is a Section 25 Company. It has a board of governors to look after the management of the institute.

My query is whether a Board of Governors is equivalent to a Board of Directors.

I also wish to know whether all the members of the Board of Governors are required to be registered as Directors of the company. Or only the minimum number of members may be registered to fulfill the requirements of the statute.

Kindly clarify along with relevant sections or case laws to justify.

What the registration proceedure of Sole properitor firm??

Hi
Can any one help in finding the commercial law files updated in the CLub i could not find any.

PLEASE SUGGEST THE THEORETICAL AND CASE LAWS PORTION BOTH IN COMPANY AND BUSINESS LAW.

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