A private limited company wants to purchase a share of limited company..... what is the limit of the amount to be investe. till it doesnot loose the sytatus of private company?

I am going to appear May 2010 exam of CA PCC course so plz help to me that which topic of Law is most important for May 2010 exam of PCC......

What are the implications of giving a friendly loan in cash? Is it legally recoverable? What are the implications in cases under Negotiable instruments act section 138?

"Sec259 - Increase in number of directors to require Governmentsanction.

In the case of a public company or a private company which is a subsidiary of a public company, any increase in the number of its directors, except :

(a) in the case of a company which was in existence on the 21st day of July, 1951, an increase which was within the permissible maximum under its articles as in force on that date, and

(b) in the case of a company which came or may come into existence after that date, an increase which is within the permissible maximum under its articles as first registered,

shall not have any effect unless approved by the Central Government; and shall become void if, and inso far as, it is disapproved by that Government :

Provided that where such permissible maximum is twelve or less than twelve, no approval of the Central Government shall be required if the increase in the number of its directors does not make the total number of its directors more than twelve."


Q-are the following required to take central govt permission
1. prescribed in AOA-15, current-10 proposed-13
2.prescribed in AOA-10, current-10 proposed-12

Return of allotment has to be made within 30 days from allotment of shares.
In case the allotment is done in time but form no 2 could not be filed within 30 days what should be done?

I have received a cheque for final settlement from my tenant against the pending rental dues. However, the cheque got bounced for reason "ACCOUNT CLOSED". The tenant is also not vacating, but instead filed a civil suit for injunction against forcible eviction. I tried to book him under section 420 of IPC for issuing a invalid. I want to know what is the time limit for issuing notice u/s 138 for cheque bounce. Some say it is 15 days, while some say it is 30 days.

1) Who are known as gazette officer ? how to become the gazette officer and the list of the gazette officer ? who can we known that the person is a gazette officer? what are the rights & liabilities they have and also they have to follow up.

2) where is the office siutated in mumbai

Thanking u all experts in advance.

Can a nbfc lend money to its subsidiary or group companies which are under the same management??

kindly clarify this with relevant section/circular/decision...if any

A public limited company appointed a Non resident as MD and approval from Central Govt was pending. Meanwhile the company became a Pvt limited company and the approval from CG is also obtained. Now the query is should we file form 32 now, because today it is a pvt limited and there is no mandatory requirement for MD appointment.

Assignment of Contract
If the Agreement is slient , can Assignment of contract take place.- Yes or No
Pls justify your answer?
What are the relevant sections under the Indian Contract Act?