In calculation of limit of 10% of remuneration under sec 198 do we need to calculate the percentage of holding co. or subsidiary co.
If we calculate 10% of profit u/sec 198 r.w. sec 309 of a subsidiary company and if it is above the limit of 10% then do we need to take approval of CG.

In the context of Notification dated 14th July on this matter the remuneration of director of subsidiary company will be the remuneration paid by holding company and for calculating 10% of NP u/s. 198 the limit of 10% shall be calculate from subsidiary co or holding co. or profits of holding and subsidiary to be added.

We have Two directors in our company out of which one has suddenly resigned. Company is not in a position to appoint another director for atleast 3 months due to certain circumstances. Kindly advise on matter. Within what time limit do we to appoint another director.

Please advise

who signed the balance sheet and profit &loss account of the company in the board meeting if Managing Director is out of the state for one week (under section 215 of companies Act 1956)
who has the power or who is responsible for signed the accounts

Company has appointed a Whole Time Director in 2009 for two years which attracts Central Government approval in case of inadequacy of profits but Company did not applied for the approval.

Now the term of appointment is going to finish. What would be the beneficial for the Company to start the process of obtaining approval or to apply to CG to waive off the approval?

Hi All,

One director can involved with more than one organization.If yes than what is the procedure to involved in it. As already having director for one Pvt. Ltd Firm.

Sir

I have upload Form 5 in Mca for a company. After upload has completed Fees page was displayed and an error in the site occured and I cant take that challan. If i upload the form again it shows, Form 5 is already pending. When I checked the Transaction status there is an unpaid SRN and in Transacion payment status it shows the challan for this SRN number is not exist. I cant get challan and i cant even file the Form 5 again.

Please give a suggestion to over come this problem

Whether stamp duty is applicable on demat equity shares issued on preferential basis?

Regards,
Rishi

Kindly advise:

A teacher in a public school has completed 8 years job in the school.During this period she has gone to abroad for 3 years with approval of the management. Can she entitiles to get the gratuity ?

Dear Sir,

we have incorporated a private company 2 days back.
but there is an error in the mailing address from our part and now we have filed form 18 with correct address.

now if they have sent the certificate to postal address, since there is a error, we might not get the certificate.


how to proceed?
Thanks and Regards
G.T. Ramakrishna

Hi All,

Can experts answer me that:

1) what is the procedure of issing share capital in case of Private Company?

2) Board of Directors are authorised in case of further issue of capital, if authorised by Articles of Association(AOA)? if not authorised by AOA then what to do?


Thanks in Advance!!!