Dear Expert,

What is the procedure for reissue of Shares which has been Bought Back??

Frdz,plz clarify whether e form 24A may be used for the simplified procedure for obtaining online approval of central government under section 297 of the companies act....

MCA in its circular no: 52/2011 dated 25 July 2011 in para 2 has mentioned that the application need to be made in new e form with the prescribed fee.

as u all know, the major highlight of the process is that such contract has to be approved by shareholders by way of special resolutions in a general meeting, and seek the approval online.

plz guide.

As per the MOA and AOA of a Pvt Ltd company the authorised share capital of the company is Rs. 25,00,000 cosisting of 1,50,000 equity shares of Rs.10/- each and 10,000 preference shares of Rs. 100 each .


The paid up capital of the company as on date is Rs. 10,000 equity shares of Rs.10 each and 3,500 preference shares of Rs.100 each issued with premium at Rs. 2000 per share.


Now the Company wants to issue 6,000 preference shares (out of the available 6,500 preference shares ) to two different entities of face value of Rs.100 each with premium of Rs.4,900 per share ie., totally Rs. 5,000 per share.,


Now the question is whether Company can now issue preference shares at a premium of RS.4,900 when it has issued 3,500 preference shares earlier at Rs.1,900 premium per share.


If yes, what is the procedure to be adopted.


Please also bear in mind that shortly the company to whom 3,500 preference shares have been allotted will be writing off the investments in their books as not worth its premium.


In such a scenario, is it correct to issue preference shares, of course, to entirely two new different entities at a premium of Rs.4,900/- per share.


Pls advise

Dear Expert,
Plz clear my doubts.......
A Private limited company having Turnover of Rs 2,00,000 with net profit of Rs 20,000.
Wheather there are any provision of audit in Company Act 1956 other than audit u/s 44AB of income tax........If yes wheather in my case audit under company act is applicable....

In which situation such audit is applcable on company

1. From where i can get form for resignation of a director.
2. How can i transfer shares of that director in between remaining directors.
3. digital signature of only single director available. can that remaining director can sign digitally the said form for resignation of a director.

I am going to incorporate a private limited comapny, my question is that if i write word manufacture in main objects of the MOA what will be the authorised capital for the private limited company.

Note: I will not mention the word manufacture in company Name example xyz private limited

(a) A company has received share application money from Indian Company and foreign company.

(b) Share application received from Indian Company (associate companies) pending for allotment for more than one year.

(c) Share application received from foreign Company on November 2011.

(d) I would like to know the impact of the recent notification from MCA about allotment of share application money and other related legal issue related with regard to other statues.

Pls Advice

1.Can a Board Meeting of a private Limited Company be held outside India if all the directors are foreign resident?
2.If yes is there any notice of board meeting is required to be given?
3.Can minutes of Board Meeting be kept in soft copy?

Company is a subsidiary company of a foreign holding company then in such case can it appoint proxies to attend its AGM in India?

What are other specific requirement in such cases wherein all the directors are foreign resident?

Sir As per sec. 3(1)(III) privated companies are restricted to accepts the deposits from the public now my question is that Is there any difference between the two terms loans & deposits accoding to the company law if private company accepts the loan from Public.
Please reply that can a private accept a loan from the public?

Dear Sir,

One of my client whih is a pvt ltd co., has regularized its 3 Additional Directors as director of company on 20/08/2011. After two days it om 22/08/2011 two directors of company which are not among the above directors rsinged.these two directors were appointed earlier before appointment of above three additional directors. the date of AGM of company is 29/08/2011.
Now my doubt is that whether all 5 events i.e. regularization of 3 directors and retirement of 2 directors can be filed in single form 32 or seperate form 32 is required for each event.

Pravin Singh
ACA