is there any time within which the agenda should be placed or send to the directors of BM. which section deals with the same?

1) if a new company be formed by two separate existing company as shareholder/promoters.

2) if a company can have only two separate ltd companies as share holder and no individual person as shareholder.

Dear Friends / Experts,

ABC Private Limited, a Chennai Company was incorporated in 2006.

Company has got two shareholders with paid up capital of Rs. 1 Lac.

Shareholder 1 – US National, who is a director of the company – holding 5,000 equity shares of Rs. 10/- each or 50% of the paid up capital.

Shareholder 1 – Foreign Company – holding 5,000 equity shares of Rs. 10/- each or 50% of the paid up capital.

Query

Whether ABC Private Limited shall be a subsidiary company of the Foreign Holding Company.

Ans : ……………..

Whether the Foreign Company shall be a deemed public company as per Section 4 of the companies act, 1956.

Ans : ……………..

Now, Company has to file it’s First Annual Return. In the Annual Return under declaration, whether the following clause is applicable or not :

Declaration clause f.

since the date of annual general meeting with reference to which the first return was submitted or in the case of a first return since the date of the incorporation of the private company, no public company or deemed public company has or have held twenty five percent, or more of its paid-up share capital;

Ans : ……………..


I shall wait for your advise on the above queries.

Thanks.

what are the formalities regarding payment of professional fees to directors in private limited companies

Hi...Could any body tell me whether sec.297 shall attracts if a compnay give loan to the trust where both trust and company having the same person as directors and trustee,if is not so than is there any section where compliances need to be done....and what are the compliances..

sir,

we are intent to start a cotton ginning and pressing mill in a partnership since we are intent to start it as a private limited company, we need a MoA and AoA in order to register a company with ROC. we are request you to provide us a sample MoA and AoA for a cotton ginning and pressing mill.
Thank you in advance.

Dear Sirs,

Kindly advise.

I had filed form 32 in respect of appointment of 2 Directors in Jan'2008.
Since then one of the directors appointed vide the form mentioned above has resigned and form 32 intimating his resignation is also filed.
Now recently I have got a system generated e-mail notice from ROC to resubmit the above first mentioned form 32 filed on jan'08 with board resolution copy.

My queries are as below:-
1. When form 32 is resubmitted in respect of appointment of the Director who has already resigned as noted above, whether his name would appear under view authorised signatory.
2. Can the Director who has been appointed vide form 32 in respect of which resubmission is desired dizitally sign the e-form 32 while resubmitting it. He is the only Director who has got the Dizital signature.

Kindly Reply. Its very urgent.

Thanking you in anticipation.

Best Regards,

To
Dear Experts ,
I have drafted following resolution. Is it correct or is it contradictory for section 198 & 309 of Co. Act. Pl advice.


"Be and is hereby resolved that the consent of the members be and is hereby accorded to pay Mr. x the remuneration of Rs. 3 Lakhs per month w.e.f. April 2011 during the terms of his office and the same also be paid as minimum remuneration in the event of inadequacy or absence of profits in any financial year, during her term of office

RESOLVED FURTHER THAT the aggregate of the salary as payment of remuneration to Mr.x, Director, shall be subject to the overall ceilings laid down under Sections 198 and 309 of the Companies Act, 1956 and other applicable provisions of the said Act”.

“RESOLVED FURTHER THAT the Board of Directors of the Company be and are hereby authorised to take all such steps as may be necessary, proper or expedient to give effect to this resolution.”

A Partnership firm can invest in the shares of the private limited company and if the answer is no, please quote the law applicable.

Hi,

Can final accounts of the Company be approved by circular resolution and placed before AGM for shareholders adoption.

Is circular resolution for approving accounts valid in law.

Pl advise