Hey,
I was wondering, does business fall under the definition of 'goods' under the Sale of Goods Act? Therefore will the transfer of a business fall under section 297 of the Companies Act, 1956?

there is a company "A" in which "X" is having Shares of Rs75 lac without voting power and "Y" is having Shares of RS 25 lacs with Voting powers .
the question is who is the owner of the company
And in case of liquidation of company how the proceeds of the company will be divided ?

can a private limited company can accept deposits from relatives of its shareholders

Dear All,

We are a unlisted public limited company. We proposed to allot shares on preferential basis to our directors.

We have taken the approval of members under 81(1A) and complied with the prescribed rules.

Now how the resolution for allotment should be passed in the Board Meeting. As we are allotting shares to 3 Directors out of 4?

As all three directors are interested in the resolution

Please guide us on the same.

Thanking You,

Pankaj

Our Company was incorporated as a Pvt Ltd Co. in 2004. At that time one of the director was appointed as the M.D. In 2011, Company got converted into Public Ltd.As per amended articles, the M.D. can be appointed for a period of 5 years. The company want the same director to continue as MD. Now should I re-appoint him by filing Form 25C & 23 or a fresh appointment should be made by filing Form 32 & 23? Please give your suggestions.

Can a wholly owned subsidiary give an unsecured/ secured loan to its Holding Company??? To the best of my knowledge, there is no such restriction under the Companies Act, 1956........Experts ur views please?

one of our client company want some local people to act as director for the company what document should we ask for them apart from board resolution , power of attorny , authority letter . if we approache some new people do we execute a agreement with new people to act as director its urgent pls help me

whether the particulars of employee rules 2011 which are notified on 31st march 2011 are applicable for the financial year 2010-11 or from 2011-12

Dear all,

By notification 11/2011 MCA has directed to file PAN but it is not clear that in case company which is having foreign director and they are not receiving any money from company then will it be mandatory to file DIN4.

Vinay

Hi everyone,

my query is if i am purchasing whole of da shares of a private company taking over the management by appointing our directors in to the company do i need to make a sale deed if assets (land) is to be transferred in the name of the company. or is is that the assets also is transferred along with the purchase of the entire shares of the company. what is the precedure to also acquire the assets of the company along with its shares.

kindly help me in this regard.

Regards

Abhijit