A public limited co; has some directors as permanent directors.They have been appointed as permanent directors by general meeting, but the minutes does not show whether the resolution is an ordinary or special resolution. Form 23 is also not available on records.

The co; now wants to remove its permanent directors; so what is the way out. under which sections of companies act can their powers as permanent directors be stripped offr

Sir in many companies or incorporation Bonus is not applicable like in
1)LIC
2)IDBI
3)RBI Employees
& many what is the reason...........??????

In the case of company Under section 293(1)(e) or under section 293A : the contribution should not exceed 5% of average profit of last three years , but in the case of losses in all three years or in any of the preceeding three years , how to calculate the average net profit ?

ARE INSURANCE CONTRACTS INDEMNITY CONTRACTS?

what is the disclosure requirement for lease rent in Profit & loss account and under which account head it should be disclosed....

M offered to sell his land to N for 2 Lac. N replied suporting to accept the offer but enclosed a cheque of Rs.50 thousand only. He promised to pay the balance of Rs.150 Thousand by monthly instalments of 50 Thousand each. It was that N counld not enforce his acceptance because it was not an unqualified one.(Neale vs. Merret[1930] W.N.189]

Kindly let me know, what does unqualified mean?

Whether disclosure requirement for rent, rates & taxes as per schedule Vi is to be done separately for :

rent on immovable properties
rent on others

or it can be shown under one head as rent, rates and taxes

or any other such disclosure, if any with appropriate references to the said act or schedules....

can a pvt. ltd. co take a loan from the shareholder???
is it violation of co act??

and also from relatives of shareholder and directors???

While drafting Partnership Deed whether we should specify the fixed capital amount in the Capital Clause?
Under which section it is compulsory?

Is filing of form 1B is mandatory in case of change of name of a PRIVATE LIMITED compnay?