Dear Experts

My query is that one of the Director of a private limited company has to be appointed as Manager of the same company.
What are the provisions and is any form required to be filed with the ROC or not? What are the relevant sections.

Regards

Dear Sir/ Madam,

Kindly provide solution for the following query:

There are 2 real brothers (both major) who are also the shareholders in the same pvt ltd company.

Now 1 of the brother wants to transfer all his shares (by gift) to another brother. Can this be done by executing gift deed???

please provide solution at the earliest.

Thank you.

Regards,
Himani

Dear All,

Please provide me the SEBI (Prohibition of Insider Trading) Regulation 1992 updated up to 2012 at the earliest and oblige.

Thanking You,

Yours

In a pvt ltd co there were 7 directors, In a board meeting 5 directors resigned and only two non resigned directors were present in the meeting. Is quorum for the meeting fulfilled and the meeting is valid????
Further I also want to know that the presence of a resigning director is necessory in the meeting in which he is resigning?

Hi,
can anyone tell me what is the procedure for closing the trading window before holding a board meeting for publishing audited financial results?

I wanted the format of Form I and Form II as required under subsection (1) and (2) or (3) of section 187c of the companies Act.

Dear Sir,

I am a practicing CA, one of our client has approached us to modify its already created charge as the bank has informed it that the value of property against the given loan is considered to be less the the stipulated norms at the time of giving the loan. Now it has done valuation and want that the charge to be modified with the newly valued price. However there is no any change in the facility sanctioned by the bank.

I want to know as just because of change in valuation of the mortgaged property is it required to modify the charge.

X is a foreign company holding shares of A limited.B wants to purchasw shAres from X. Please clarify the approval required. Thanks

Sir,

Please guide on below matter.

My company listed on The Bombay Stock Exchange had forfeited certain shares after complying all the requirements & had informed the exchange.

Now the company has re-issued the forfeited shares to its existing shareholders after complying with pricing rules as laid down in Preferential issue guidelines.

On making an application, for listing of the said re-issued shares, the stock exchange says that the company ought to have passed a share holder's resolution in a General meeting.

I am of the opinion that as the shares are offered to existing shareholders of the company, shareholders approval is not required.

Also clause 23(a) of the listing agreement states as follows,


The Company agrees - - -
(a) to issue or offer in the first instance all shares (including forfeited shares, unless the Exchange otherwise agrees), securities, rights, privileges and benefits to subscribe to pro rata to the equity shareholders of the Company unless the shareholders in the general meeting decide otherwise.


Please guide.

I understood the language but couldn't understand perfectly clause (b) of subsection(2) of Section 42 of companies act. I will be tankful to you if you can make me understand this section with example.