Can a Pvt Ltd Company borrow/accept funds from its members?
Any restriction on maximum number of members
Any limit on maximum amount that a company borrow/accept funds from its members

Sir,

I have a query regarding Directorship,

Can a existing central govt employee become a director in a private limited company? if not, can any of you explain me in detail with relevant section specifying regarding this ?


Do the needful at the earliest.

Thankz in advance.

Regards
Tharani

Sir

If under one section penalty is Rs. 5000/day for a default & in another section it is Rs.500/day, further the penalties are cumulative, then what would be the penalty for a single day default ?

The company is a public company. we want to convert the co. into a pvt co. by passing a Spl. resolution in the agm. we also want to re-appoint the md of the co. in the same agm, as his term is also expiring in dec 2012. Please let me know if it is possible? If yes, kindly provide the whole procedure including alterations to be made in articles of association of the company?????

Hi,
can we pass a board resolution and adjourn the same meeting (on some other day)

And pass another(second) resolution on adjourned meeting.
Pls clarify

Dear members
Kindly clarify me on the following:
A & B wants to form a private ltd company with the main object of doing stone crusher business, civil contracting and real estate business. As they are to engage in different businesses, Will ROC allow the name of the comapny as
1.RV business solutions Private limited or
2. RV business promoters private limted or
3. RV Commercial Private limited or
4. RV resources private limited.


Kindly do clarify
regards

In a private limited company 2 additional directors was appointed on 16th Aug., 2011. Balance sheet was approved and audited on 3rd sep., 2011 by signing both additional directors. Can additional directors sign the balance sheet without confirming as regular director. the AGM is scheduled to be on 26th Sep. 2011

I want to start a private limited company with 2 directors and 1 lakh authorised capital.
A) Can our company borrow /accept money from its members for purchasing of a land on company name to cultivate palmoil trees etc., or to do real estate business and company wants to issue a guarantee bond for repaying the double the amount after 6 1/2 years. what is the procedure to do so.
B) Any restriction on total number of members for collecting the funds and maximum amount restriction.
C) Is DIN required for two directors at the time of formation of the company or with One DIN we can form the company

Please explain in detail and advance thanks for clarifying the doubt.

Dear all,

Our company has not been able to recovery some receivables from clients for over 3 years. Is there a section in company law that gives us info on write off of these receivables?

AGM of the company was called as per Section 166 but the Accounts of the Company were not approved by the Company in AGM as these were not ready. And as such AGM has been adjourned for want of Accounts.

However Company conducted other business.

My query is whether the Company needs to file Form 20B only within 60 days of the AGM other Forms i.e. 23Ac and 23ACA cannot be filed for want of Accounts and and do we need to file Form 66 as we have paid up capital of Rs. 5 lac