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

Hi,

The present authorised and paid up share capital of the unlisted public company is Rs.1 Crore. the entire capital is held by group of promoters. The company proposes to go in for rights issue by bringing in Rs. 5 crores.

Can anyone pl guide me how to calculate the ratio of shares to be offered for every existing share held.

A director wants to retire at the Annual General Meeting and does not want to re-elect. A company decides not to fill up his vacancy.

How to draft AGM notice and AGM resolution

A director who is retiring by rotation at the ensuing Annual General Meeting opts to retire from the office of director at the AGM. A company decides not to fill up his vacancy. what is the procedure and what is the template of the resolution

please explain whether the statement is true or false
A public company cannot issue equity shares with differential rights as to Dividend

Whether we can download A/A&M/A of a company from ROC website

Dear Friends / Experts,

Please see the following :

Though I have filled the Form 20B with appropriate address in full with pin code, the company master details were not updated as per the details given in Form 20B.

In company master details, the pin code field is blank without capturing the details of Form 20B.

Query 1

How do we rectify such problem, as now, it is not possible for the company to wait till the next filing of Form 20B ?


Ans : ..................


If anybody has got similar problem / experience, please share the same so that I will find immediate result.

Query 2

The said company wants to be a subscriber for a new proposed company.

As the pin code field is blank in company master details, the Form 1 cannot be prefilled (by entering CIN) for pin code details.

In view of the mandatory field 'pin code' not getting prefilled, the form 1 cannot proceed for the next level.

Anybody has got experience, please do share the same.

Ans : .................

I shall wait for the responses from the Experts.

Thanks.

Company is not doing any business operations since 2007. It is filing all statutory returns till today. latest balance sheet is showing losses.Can under these conditions co. apply under Easy Exit 2011?