Dear friends,

My query is hereunder.

There is a existing Manager in the company and the company wants to appoint him as Manager & Director.What to do please advise.and what form to file with roc.

Hi,

1) What is the procedure of increase director remuneration? BM is sufficient or a letter to be issued to each director?

2) We have increased directors remuneration in April 2011, now we want to further increase of remunertion to one of the director.

Please advice me and provide the detail procedure with sample board resolution.

Regards,

Dulal Chatterjee

Dear Experts please tell me s it compulsory to file form 32 for Change in designation of additional diector @ AGM.

And What shall be the number & date of resolution for the fiield"I have been authorised by the Board of directors' resolution number........ dated (DD/MM/YYYY) to sign and submit this form"

is it the date of AGM.

Thanks in Advance

Raj

My client wants to incorporate a Private Limited Company and issue 49% equity shares to his NRI friend.


The funds will be utilised for real estate and construction.

Just wanted to understand whether any specific laws and regulation will be applicable apart from Company Law, Income Tax and FEMA

Hi, I would like to know how I can split the share percent while registering a new private limited company. We are 3 people out of which 2 are the directors, A and B, having share percent of 50 and 25 respectively. Person C will not be a director of the company but only a shareholder (25%). Please let me know how can i make sure that my new company is registered as per the above. Thanks in Advance,

New Cost audit report rules 2011 are not applicable to,

(a)Cost Accounting Records (Bulk Drugs) Rules, 1974
(b) Cost Accounting Records (Formulations) Rules, 1988
(c) Cost Accounting Records (Fertilizers) Rules, 1993
(d) Cost Accounting Records (Sugar) Rules, 1997
(e) Cost Accounting Records (Industrial Alcohol) Rules, 1997
(f) Cost Accounting Records (Electricity Industry) Rules, 2001
(g) Cost Accounting Records (Petroleum Industry) Rules, 2002
(h) Cost Accounting Records (Telecommunications) Rules, 2002

But is Cost accounting REPORT Rules 2011 are applicable to above 8 Industries?

The Company has adopted its annual accounts for the year ended 31.3.2011 at the Board meeting held on 3.5.2011 where the statutory auditors has been re-appointed.The said auditors has also done the audit for the quarter ending 30.6.2011. The AGM has been convened on the Board meeting held on 12.7.2011 on which date the notice of AGM has been prepared.Now the auditors have expressed their unwillingness to be reappointed.

1. When should the existing auditors furnish their resignation letter?
2. What should be the date of letter for appointment of new auditor?
3. How the appointment of new auditors be done in the AGM to be held in August?

Dear Friends,

Please can somebody tell me that whether a private company can issue it's first 1,00,000 capital on premium???

please throw me a light on the following:

In a Pvt Ltd Company, MD has been paying remuneration which includes commission at the rate of 10% on the net profit as there is no restriction on the payment of remuneration to MD in a Pvt Co.

Few months back, the company was converted to Public Limited Co, but the remuneration to MD has not been revised as per section 269 r/w schedule XIII of the Act.

Returns has been filed for the financial year 2010-2011 in which the remuneration to MD was stated asap.

Is there any possibility to set it right without intervention of any disciplinary actions?

provided, the refund of remuneration by th edirector/waiver of remuneration by the company should not be the outcome/result.

Pls advise! Thanks in advance.

I Have a problem in identify the date of commencement of business of a company and my issue on this point is that "A company start to make it's purchases from outsiders but there is no sales made by Company further company start to writteoff it's pre-operative expenses. in case how i can identify the business commencement date of company
OR
can we considered that " first purchase made my company is it's business commencement date

And also with give me example to understand this