Dear Sir,
if the paid up capital of the company is rs 1 crore or more and the company falls within the exceptions given under section 297. is it necessary to obtain central government permission for transaction with a related party?
Rgds

A new set of articles of association is adopted instead of old article. So whether in directors section only existing directors to be mentioned or the first directors to be mentioned. That is if in first AOA there were 4 directors and later on there were 3 directors. So whether names of 4 directors to be mentioned or only 3 i.e existing directors

What is the maximum limit that a listed company can accept as deposits from public including shareholders and directors???

FACTS: -
- CO. A HAS FINANCIAL YEAR FROM 01.04.2010 TO 31.03.2011.
-THE BOARD MEETING OF THE CO. IS SCHEDULED ON 31.05.2011 FOR APPROVALS OF YERALY FINANCIALS AND DECLARING INTERIM DIVIDEND FOR 2010 - 2011
-THE CO. IS IN THE PROCESS OF FINALIZING BOOKS OF ACCOUNTS AND AGM WILL BE HELD IN THE MONTH OF AUG'2011
-THERE IS A SUFFICIENT PROFITS IN 2010 - 2011 IN ORDER TO DECLARE INTERIM DIVIDEND.

QUERY:-
-CAN THE BOARD DECLARE INTERIM DIVIDEND FOR THE F.Y.2010-2011 IN MAY'2011.
-WHETHER THE DIVIDENDS DECLARED AFTER CLOSURE OF F.Y.2010 -2011 AUTOMATICALLY BECOMES INTERIM DIVIDEND FOR THE F.Y. 2011-2012.
-IF THE INTERIM DIVIDEND RELATES TO F.Y.2010 - 2011, WHAT WOULD BE THE ACCOUNTING ENTRIES.

A private ltd company provides guarantee for the loan taken by the director. Which section apply for this and what are all compliances to be complied in this regard?

hello friends

i want to know where Share Application Money will be presented in balance sheet as per schedule VI as per Company Act 1956?

Dear Members,

A Private Ltd., company which is a 100% subsidiary of public Company formed during Dec 2010 wants to issue some more shares to its holding Company.

In this situation what resolution need to be passed and what procedures to be followed.

Please explain.
with many thanks
K Degaleeswaran

sir,
i want 2 know abt if a co. did not file form 23 ac on due dates for year 2008-09,2009-10. how much penalty will be paid & hw to be calculate ......please reply.

What is D.T.L/ D.T.A???
What is its treatment in books of Accounts???

Company had been struck off u/s 560 under easy exit scheme and audited books shows that it has not been closed showing capital as well expenditure to the extent not written off.

Is it deemed desolved ? since no liability or assets exit in the books of accounts ?

Now company has made petition u/s560 (6) to reinstate the same. What will be legal status of share capital before application and after application u/s 560(6) ?