As per the provisions of section 106 of the Companies Act, 1956 we have taken the unanimous written consent of all the 4% cumulative redeemable preference shareholders for the reduction of rate of dividend from 4% to 0%. After this we have already filed Form 23 with ROC.

Now my query is whether we need to file any other Form with ROC or any other formality is required as per the Companies Act, 1956 to give effect to variation of rights.

A co. is incorporated on 15.06.2012. Its first Board meeting held on 20.06.2012, in which 3 directors are appointed. Now my question is whether its necessary to appoint them as additional director or we can appoint them director directly.

Secondly, what category we need to fill in form 32?

Our company has changed it's name and got the necessary approval of ROC. Please let me know what is the procedure to be followed after getting the ROC approval. Also, let me have a draft newspaper advertisement for intimating such change of name to the general public at large.

what is the role of the Deputy CEO IN THE COMPANY?

WHAT IS THE DIFF BET WORK ROLE & RESPONSIBILITY involved in the chief financial officer & deputy ceo.

can dividends be paid for past years for which accounts is closed and adopted in AGM?...suppose i want to pay dividend for 2009-10 now
what to do?
can i pay out of reserve for that?
is there any legal provision anywhere restricting that?

whether the high court can santion the scheme of compromise or arrangement without holding the meeting of the members/creditors?

DEAR SIR,
PLESE TELL ME, WILL THE BANK OVERDRAFT CONSTITUTE THE LONG TERM BORROWING AS GIVEN IN NEW SCHEDULE VI OF COMPANIES ACT OR IT IS SHORT TERM BORROWING AND WHAT IS THE DIFFERENCE B/W THESE TWO.
THANKYOU

Dear Experts,

Kind Attn : Mr. Ankur Garg

I see many companies offering attractive returns on moneys collected by them (they say that the money invested will double in 5 years to be exact).

One such company's representatives persuaded me to make an investment decision and hence i did some due diligence work on the Company on the MCA -21 portal.

I was shocked to find that in the Auditors Report, the Auditor has stated that the Company has not accepted any deposits under section 58A of the Companies Act, 1956 ( I personally know some people who have been investing in that company for about 3 years as a Recurring Deposit of Rs 1000 per month).

On scrutiny of all the available data of the Company in the MCA -21 site, I found that the Company in its financial statements, never expressed its intention to accept public deposits.

Further the reason why the Company became popular among the people was that the commission it offered to one who collected the deposit.

Now let me ask you one thing, what is the fate of those who invested in the Company ?

Is there any competent authority to whom an official complaint can be lodged so as to protect the investors interest before it becomes a case of embezzlement of public money ?

respected sir/maam;
what is the purpose of schedules in company act 1956
what does it contains.
how many schedules are there.
why schedule-vi is important.
which schedule has been amended recently and why.

Dear Experts,

Kind Attn : Mr. Ankur Garg

I see many companies offering attractive returns on moneys collected by them (they say that the money invested will double in 5 years to be exact).

One such company's representatives persuaded me to make an investment decision and hence i did some due diligence work on the Company on the MCA -21 portal.

I was shocked to find that in the Auditors Report, the Auditor has stated that the Company has not accepted any deposits under section 58A of the Companies Act, 1956 ( I personally know some people who have been investing in that company for about 3 years as a Recurring Deposit of Rs 1000 per month).

On scrutiny of all the available data of the Company in the MCA -21 site, I found that the Company in its financial statements, never expressed its intention to accept public deposits.

Further the reason why the Company became popular among the people was that the commission it offered to one who collected the deposit.

Now let me ask you one thing, what is the fate of those who invested in the Company ?

Is there any competent authority to whom an official complaint can be lodged so as to protect the investors interest before it becomes a case of embezzlement of public money ?