A Company consisted of five directors in the board (4 directors belonged to Group A which was the majority group and 1 director belonged to Group B which was the minority group) as the company followed the procedure of proportionate representation. ‘Mr.X’ belonging to the minority group was the managing director of the company. Mr. X was charged with misappropriation of companies assets but it could not be proved. However, the majority group taking a cue from this incident tried to replace him from the post of managing director which was resisted by the minority group. One day when Mr. X reached his office after a short visit from Singapore, he found that Mr. Y had been appointed the Managing Director of the company. A preliminary probe revealed that he had been removed from the post of directorship by a meeting of board of directors. Mr. Y was a chartered accountant by profession and earlier been an independent director of the company.
Further, the company had also called a meeting of the shareholders in which Mr. X had been removed from the directorship. This minutes of this meeting revealed the presence of Mr. X in this meeting where as he was away to Singapore at that time. New members had also been inducted in the company after this meeting which reduced the number of minority shareholders to a marginal limit in which they were unable to have even one director on board. On a petition filed by Mr. X, the company court of first instance ordered winding up of the company on the presumption that there was a complete deadlock in the management. Now, the parties are in appeal on following issues:
1. Whether in facts and circumstances of the case winding up order was justified. (Company's perspective)
2. Whether in facts and circumstances of the case any other order or relief can be provided.

What are the options with the Company.

Sir,
i registered a private limited co. in 1996 but have not filed any forms presently the status in MCA portal is dormant? what shall i do to active & how much will it charge.
SANJAY

is there any special requirement for filing annual return of co. registered u/s 25 or form 20B, 23AC and 23ACA is enough?

above co is incorporated in march 2012.

so is it necessary to file 23B?

Dear Members,

Please provide your valuable suggestions:-

A director who is also a Chartered Accountant and receiving any amount for his professional services provided to company.

The question is, will this case be treated as office or place of profit under section 314 or not?

Thanks

Is there any guideline regarding the managerial remuneration of the directors of a PRIVATE limited company which is NOT a subsidairy of a public limited company.Is there any limit on the maximum remuneration payable to the directors of such company.

Dear Members pls guide

Agenda item:
Special Business: To Appoint Mr. X as the director under the provisions of Section 257, who was earlier appointed as the additional director.


Whether this item is proper.

please let me know the limits of sec.314 as per companies act

ANY ONE TELL ME THAT I HAVE A CUSTOMER WHOSE RETURN OF 2010-2011 ALREADY FILED BUT WHEN GOING TO SUBMIT RETURN FOR THE YEAR ENDING 2012 I NEED TO REVISED FOR THE YEAR 2010-11, BUT ANOTHER PROBLEM IS THAT RETURN OF 2012 HAVE FILED.. NOW TELL ME THE PROCEDURE TO REVISED RETURN SUBMIT FOR THE YER 2011..PLEASE HELP ME...also can mail me at ajoy983@gmail.com

Can a board report be signed by one director only.

Thanks

I want to change address of company in same city. What is Procedure of it? Can i do it without the help of any CS and software