Dear All,

My query is whether i can take a loan of US$ 3,00,000 from my uncle living in Japan for purchase of agricultural land in india. If not whether they can give loan to my Co. & co. will give then loan to its director.

Regards
Amit

A Public Limited Company has 3 directors Mr. A, Mr. B and Mr. C.

Mr. A wants to resign from the company and has submitted his resignation.

The company has not filed form 32 considering the minimum number of directors of public company. They keep on lagging in the excuse that they are in the search of a new director to maintain the statutory minimum.

Can Mr. A direct his resignation (fresh one) through ROC? What option is available with Mr. A to get rid of his directorship?

NB: The company is loosely managed and organised.

1-can a director of pvt ltd co be issued shares at premiun?
2-what is d relevant section to it?

is it possible to file the ROC return without filling the income tax return of past years! as company didn't file there income tax return but company want to file there ROC return and get there status cleared. right now the status of company on ROC site is DORMANT.

Sir,
I wish to clarify a doubt regarding Company closure under FTE Scheme.

M/s. ABC Pvt Ltd has stopped the business on 31.03.2011. How it should prepare the Statement of Account while it has some assets & Liabilities (including Share capital & profit)
i.e. Share Capital 500000
Profit Rs.(Cr) 100000

Fixed Assets Rs.500000
Sundry Debtors Rs.100000

Further whether the same person can sign the Statement of Account(as an auditor) & sign the eform FTE?

Regards,
S.Jegadeesan

Hi,
overdue instalments of long term loans should be classified as Current liability as per revised sch VI. can anyone tell me why the disclosure of period & amount of defaults is required under Non current laibilities? logically the disclosure shd be required under Current liabilities.

Pls clarify.

Thanks
Priya

sir i want to know if a Private Company accept Public deposit then what the penal provision. its controversial for section 3 (1)(111) or section 58A(public deposit rules)

sir, i want to know that there is a public company and its director wants more remuneration then limit decide by companies act 1956. i want to know the procedure and forms to be filled for it...
thank u!!!!!!

Please explain the meaning of section 192(4)(b) AS "resolutions which have been agreed to by all the members of a company, but which, if not so agreed to, would not have been effective for their purpose unless they had been passed as special resolutions" of Companies Act 1956.

In a Public unlisted company , at present a person is a Chairman cum Managing Director (CMD)and getting managerial remuneration. Now we want to change him to Chairman cum Chief Consultant(Finance) i.e Keeping him as a normal director and not retaining him as a MD and want to pay him remuneration as a Fees in Professional Capacity and not by way of managerial remuneration to him . Can we do So. Is there any restriction in Company Law restricting payment of Professional(Consultancy) Fees to a person appointed as Chairman of the Company.