there is a Private limited co. having 2 directors.

1st director = 99% shareholding
2nd director = 1% shareholding

Now the 1st director, acting malafide, is removing the 2nd director by calling EGM u/s 169.

what is the remedy for the 1st director?
can he move the CLB.. how n on what pretext.

Also the 1st director is himself is appointing additional directors.. calling EGM u/s 169 and passing resolutions therein that the 2nd director is removed from office.. is this action valid?

please advice

Hi,



To dermine status of a private limited company under Section 4(7) , should I look status of its holding comany or should i go beyond that and look for holding's holding, and then its further holding and so on till i reach to a final group holdding company.



For e.g. ABC Pvt. Ltd. is owned by AAA Singapore which is a pvt. ltd. company ....then AAA is owned by BBB Pvt. Ltd. (UK) which is again pvt. ltd...but BBB is owned by CCC Ltd which is a public limited in USA....so should i look only upto AAA or do we have to look till CCC to determine status under Section 4(7).



regards

i filed form 1,18 & 32 online. Is there need to send MOA & AOA & Other doc attached to Form in Concerned ROC Office???

Dear All,

1.) what do you mean by non repatriable equity shares?? what is its implications???

2.) can a shareholder be given an exclusive new folio number for holding only non repatriable equity shares??? if he already has a folio number and holds some equity shares.

kindly advice.

Regards

Abhijit

Company has declared Rs.12 lakh dividend.

My query is What is the Corporate Dividen Tax?

Whether it is 16.61% on 12 lakh?

Or

12 lakh is inclusive of CDT.

plzzzzzzz sir i want to know the procedure to issue FCDs by a private company and related resolutions for this.

and can private company can issue unsecured FCDs ?

MR. X IS A DIRECTOR OF X PVT LTD. THE CO. GOT INCORPORATED ON 18TH MARCH 2011. BUT THERE WAS NO BANK A/C OPENED IN THE NAME OF THE CO. TILL 31ST MARCH 2011. SO HOW SHOULD I SHOW THE AUTHORIZED CAPITAL OF100000? (THERE ARE TWO DIRECTORS IN THE CO. AND THE RATIO IS X- 99 AND Y- 1. IS THERE ANY PROBLEM IF I SHOW THE AUTHORIZED CAPITAL IN CASH?

Dear All
Plz claify the following issue
i.e.A company's paid up capital is > 1 Crore, with Directors/pramoters of Mr.X & Y

and B company is a company, pramoters are same MR. X&Y

Can "A" company give subcontract to "B" company directly or any CENTRAL GOVT or ROC permission has to take (Land Development,Construction etc.....)

Kindly explain me with sections/Case Laws/Circulars

Is it possible and legal to transact business from the individual savings bank account of Proprietor (of firm)?
i.e. all bank transactions will happen through savings account, so cheques will issued/presented in Proprietors name, not firms name.

1. Can I avoid registration of proprietorship firm?
2. If so, will the banks allow creating a current/savings account of the entity?