Dear All,

I have a query, in my company we applied for a bank loan of Rs. 50 crores but loan sanction was 40 crores, we didn't registered a charge meanwhile our bank loan was revised and we were sanction 45 crores loan. Now, my question is whether I have to register earlier charge of 40 crores and then go for rectification for 45 crores or I can directly register a charge of 45 crores. Please also let me the process to create a charge.

Awaiting an early response from all of you.

Thanking You,

Warm Regards

Ritu Agarwal
C.S. & LL.B.

The Board of directors want to reduce the remuneration of director from Rs.1.50 Crs to Rs.1.00 Cr. Is the approval of members required in this case? Is there any section for reduction in the remuneration?

Dear fellow professionals,

X Ltd has been incorporated as a wholly owned subsidiary of Y Ltd with a paid -up capital of Rs. 5,00,000/- comprising 50000 shares of Rs. 10/- each.

Out of the said 50000 shares, 49994 shares have been agreed to be subscribed by Y Ltd in MOA and rest 6 shares are agreed to be subscribed by 6 persons who are the employees of Y Ltd as nominees, in order to fulfill the minimum requirement of 7 members in a public company.

Now my query is with regard to the compliance of Section 187C. As per this section declaration is to be given within 30 days of entering of name in register of members.Since their names have been entered as subscribers to MOA, then whether the declaration must be filed within 30 days of date of incorporation or within 30 days of allotment (which will be done only after obtaining certificate of commencement of business)?

Please give your views.

MCA issued circular no. 14/2012 dt. 21.06.2012 that Last date for uploading Form 23B(Information by auditor to Registrar) is 22.7.2012 now extented on 05.07.2012.
One of the auditor has not filed form 23B for F.Y. 2010-11 and F.Y. 2009-10
I would like to ask that whether above said circular is applicable only for F.Y. 2011-12 or also applicable for all Previous Year.

Hello All Experts,

I would like to humbly request to all of you.

Please suggest me how can i change registered office after filed form 1A with ROC.

Actually i have filed form 1A for the name available for newly incorporation purpose and status is presently work in progress. My client want to registered office at Rajasthan but we have filed in form 1A Maharashtra. Now how we can change Maharashtra to Rajasthan in form 1A before approve by ROC.Bcoz after approval,form 1A valid for 60 days and we cant wait for lapse 60days.
Its very crucial problem plz help me.

Regrds
Mukesh Saraswat

Dear all

Kindly provide me the detail for the below mentioned query with proper section and rules:-

Example
Year 2008
Share capital = 100 shares
Dividend = Rs 1 per share so total Rs 100

year 2009
Issue of bonus share = 1:1
Bonus share = 100
Total share capital = 100+100=200 Shares
Dividend for the year 2009 = ?

My query is that is it necessary that if a company issue bonus share then it should maintain the same rate of dividend on the share capital arised after issue of bonus share ( 200 shares )
Should Dividend for the year 2009 must be Rs. 100 ( since it was before issue of bonus share in 2008 ) or it can be less than rs 100 or it must be rs 200 or more (200 shares * Rs 1 per share )
Is there any boundation on rate of dividend after issue of bonus shares, Can it be lower than earlier year or may not be paid.
Please provide view as soon as possible with the particular section and rules.

Thank in advance
waiting for replies

Dear Expert,

I want to inquire as to the correct and complete procedure with the notice and resolution format required for the removal of director by the share holders. Please also enclose the correct format of notice and resolution and letter required from the share holders and company in accordance with the above said procedure.

Kindly send a mail regarding the above said problem to bajaj.rishu@gmail.com

Regards

Rishu Bajaj

1)Is it Form No. 23b is compulary to file
with ROC?. please give exect answer as per company rule.

2) Now Last date for filed Form No. 23B is 4th August, 2012. but for which year this form required to file. If I can't file form 23B before due date what penalty imposed by the ROC.

3)What is the company rule about Form No. 23B.

4)Can we will filed our ROC Return for F.Y. 2011-2012 without 23B Form?

5) If in between auditor changed due to some reason what is the procedure and what will be due date for file the form 23B.

Hello All Experts,

I would like to humbly request to all of you.

Please suggest me how can i change registered office after filed form 1A with ROC.

Actually i have filed form 1A for the name available for newly incorporation purpose and status is presently work in progress. My client want to registered office at Rajasthan but we have filed in form 1A Maharashtra. Now how we can change Maharashtra to Rajasthan in form 1A before approve by ROC.Bcoz after approval,form 1A valid for 60 days and we cant wait for lapse 60days.
Its very crucial problem plz help me.

Regrds
Mukesh Saraswat

Acquirer can acquire upto 5% of shares or voting rights in any financial year without making public announcement for open offer.

Now, how 5% should be calculated? Shall we take into account invoke, acquisition (Buy) and Sell or only acquisition(Buy)?