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Megha

hello friends,

kindly suggest me on following:

if we have to increase the remuneration of whole tinme director in a private company and also article provide that remuneration can be revised by the board than only board resolution can suffice or do we need to done something else or can we file form 23 for registration of Board resolution ?

note that last time Special resolution was passed in AGM.

plaese suggest at the earliest



Anonymous
12 July 2011 at 12:00

Public Deposit

Step by Step Procedure for converting pvt.Ltd. co. in to Pub. Ltd. co. and then accepting Public Deposit. What will be the initial cost for it and what will be the minimum expected time requirement for this.


Shraddha Shukla
12 July 2011 at 10:16

NBFC

A Company is carrying on the Trading in Shares as its main business. As per the Provisions of RBI Act Sec. 45IA, it needs to be registered as an NBFC with the RBI. Can there be some exceptions to this?? It has also invested Appx. 50% of its paid up capital in to group companies but that has been kept as Investments and not as the stock – in – trade.


Arnab

Hi,
We are setting up a LLP in Kolkata via the mca government portal.
We need a CA who could attest and digitally sign Form DIN 1 for us.

Does anyone know of any Chartered Accountants who could do this for us?

Many thanks,

-Arnab


DESAI RONAK
11 July 2011 at 17:49

audit reoprt

can a company change its auditor's report after online submission with roc

if yes or no provide me link for that.

thanks in advance for reply



Anonymous
11 July 2011 at 12:17

Preference Dividend

Helo,

I have a question that whether it is compulsory to pay dividend to Non Cumulative preference shareholders in case there is profit in the company, if yes then give justification regarding such....


C.A Alok Mukherjee

We are a public limited company say X limited. 43% of our share is held by another company say Y limited. Two directors are the common directors i.e in both the company they are the directors and in company X their shareholding in individual capacity is not exceeding 2% but in company Y limited their shareholding is exceeding 2%.

Now X limited by an agreement with Y limited take two employees service one is driver and the other one is a peon for it's business need. For this Y limited charged a bill on submission of a copy of pay details and X limited is making the reimbursement to Y limited.

This contract since a reimbursement of expenses only x limited did not take cognizance of requirement of section 299. The auditor is of the view since this a violation on the part of section 299 and thereby section 301 this is to be qualified in CARO.

Sir, will you please help us whether this is a violation at all or not and if yes where is the escape route?

regards,

Alok Mukherjee


CA AJAY SONI
10 July 2011 at 20:34

INTERNAL AUDIT & STATUTORY AUDIT

Let us assume X and his son Y, both are CA. X is working as a Partner in Firm A and his son is practicing as a Proprietor in Firm B. Firm A and Firm B are purely independent. Suppose X is statutory Audit of Company C Ltd. in capacity as a partner of Partnership Firm. Can Y, son of X can accept Internal Audit in company C Ltd. Note: X and Y are working independently and Y is having no relation with the Partnership Firm. In view of Code of Professional Ethics, Auditing Standard, Company Act or any other Notification/Circular etc Can Y accept as a Internal Auditor of C Ltd. or not.


Ajit kumar Panda
10 July 2011 at 18:10

NCLT & ROC DIFFERENCE

Dear sir,
what is the difference between NCLT & ROC ?
Tx in advance


Amit Agarwal
10 July 2011 at 12:46

MINERTAL WATER PLANT

I have to form a new private limited company manufacturing and processing mineral water into Bottles and sachets. Can I give the word "MANUFACTURING" in the Object clause? If not then what is the appropriate word?






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