1. Is there a law which makes it mandatory to create current ac for proprietorship business?
2. Are there any issues if the savings account (of propr) is used instead?

Our company has made an investment of Rs 2 Crore in a pub. Co.(X) having the paid up capital of Rs 15581500/- but this company has transferred this amount of Rs 2 crore to their group company(y) .This Y co. has shown allotment of shares for Rs 2 crores but we have not signed any application form fot this allotment . Further no notice of AGM has been send to us by this Co. from the last two years .
We want to recover this money from this company but we can not force them to buyback the shares.
Tell me what procedure we should adopt and also the section under which we can force them to refund this amount of Rs 2 Crores.

Authoriesd Share Capital of Y Ltd Rs 20 Crores devided into 2 crore share of Rs 10 each
Pad up Share Capital Rs 15,58,15000/-
pls give me immediate reply for the same.

Our client had dissolved the partnership and wanted to run a proprietorship with same same name can he do so? what to do with the existing service tax no. and tan no. of partnership? where to surrender it?

As per the provisions of Companies Act, 1956 appointment of Managing Director is done by Board of Directors in the Board Meeting subject to the consent of shareholders in the General Meeting.

If Board of Directors appointed someone as Managing Director but the shareholders not given their consent and the resolution rejected by majority of shareholders then what will be the consequences of rejection by shareholders. Whether that person cease to be MD from the date of General Meeting and what will be the validity of the work done by the MD during the period from the date of Board Meeting and General Meeting.

Good Morning,

we have not filled the balance sheet of some of our client with ROC, now my question is,what we shoud do to avoid the impact of circular no. 31 & what is the process.


Thanks

Dear all,

what is the difference between director and additional director, though both can be appointed by BOD meeting the only difference that i got is that additional director is to be regularised in the AGM is there any thing other by which we can differenciate both positions.

hi,can anybody tell me this if causal vacancy is caused by the resignation by auditor of a company then shareholders are required to fill this vacancy in which meeting?is it general meeting or extra ordinary general meeting?

lets say causal vacancy occured on 1st sept.,2002 and AGM is going to be held on 28 sept.,2002 then auditors going to be appoint in GM or in EGM? please help.its urgent.
waiting for ur replies.

What is the rate of Depreciation of Trademark under Companies Act ?

Respected sir

it is my humble request to all you expert , please grant me a draft copy of a resolution of resignation of director by continuously absent in board meeting and coopy of notice
& suggestion regarding this matter.


For Pvt.Ltd. co.

Sincerely Yours

Ravindra

When should Form 32 be filed with the ROC for resignation of a Director? Immediately on receipt of a resignation letter from the Director or after placing it before the Board of Directors Meeting.