If there are 2 directors in company Having share holding of 95% and 5% respectively. If the director having share of 5% hurts the company or committed fraud in company and if the case is pending in the court for such matter than what is the procedure to remove that director from the company?

A company wants to avail enhanced overdraft facility (From Rs.1 cr. to Rs.1.50 cr) from its bankers.

For this purpose, should prior approval of the board is required or can it be ratified at the Board after availing the enhanced overdraft facility.

Relevant Section 292 of the Companies Act, 1956

Sir,
Please give the following detail:
1. A Company how many types of meetings will conduct?
2. Time limit for conducting the meetings?
3. What is the notice period?
4. Who is the authority to conduct the meetings.

Dear
I am Holding a ***Pvt.Ltd Company*** in Kolkata.
Presently I am Planning to offer a Self-Management Course.
Did I need any other certificate other than Trade License as I am Already registered under company act-1956(1 of 1956)?
Can Fee regarding that Course be decided by Organization?
Please help!!!
Thanks & Regards
Pawan Kumar Singh
MD
Mahaguru Commercial Pvt.Ltd.

dear sir,

• BALANCESHEET SHOWS PAID-UP CAPITAL OF Rs. 1,00,000 WHILE MCA PORTAL SHOWS 10,00,000.(pvt co.)
as well as i want to change my compny's mail id (pvt co.)

i need to correct above mistake,n want to make changes in mail id what is the proper procedure for that do i require to pass a resolution for both the things and if yes which type of resolution???? and which kind of meeting it should be taken into...?????

sir do reply pls..... its urgent sir

thanks

regards

tanveer ahuja

Hi,

I am a founder/shareholder/director & managing director of 2 pvt. ltd. companiese in India. In july I got my residents visa for Japan as I wanted to start a company there too, but to avoid the complicacy of RBI to open an overseas branch I register a new company there as a Japanese company in Sept.2011.

Now my queries are as follows:

1. Do I have to declare myself as an NRI to ROC/MCA/Income Tax? if yes can this declaration wait for 3 more years as I will have a permanent residency there after 3 years?

2. What shall I do with my existing bank accounts (1 Joint account with my wife (who is a PIO) and others single)?

3. Shall I continue pay the installments of the property I bought in joint name with my wife (I have already paid half of the amount and more half to go) ? What if I decide to sell this property?

4. Can I have an NRE account which is 100% repatriablity? Can I maintain both NRE account and resident's account simuntaniously?

5. Can I continue to hold the post of Director/ Managing Director or shareholder in the Indian Companiese?

Thank you in advance and sorry for the complicated queries.

Regards,

JC

If a public co. goves gurnatee for a loan obtained by a private company from public financial institution, in which there are common directors, whether section 295 applicalbe on this transaction

is it required to enter the unsecured loan received from directors in register manintained under section 301. as the loan amount changed by time to time, what will be procedure for entering the same.

A pvt ltd co's (i.e.A Ltd)both directors' names are appearing in Defunct Director's List.

As they are director in other Pvt Ltd Co. i.e. B Ltd.and Accounts and Returns of B Ltd are not filed from last 3years.

Due to this we are facing problem in ROC Filing of A Ltd As its both directors have became Defunct Director.

Is there any solution for this?

I am a qualified Company Secretary with having put experience in a listed company. For better carrer prospects, should I look for a job in listed company only. If I move on to unlisted company will it help me to better my carrer. Kindly advise.