A closly held public Ltd. co. filed Form 23, Form 32 and Form 25C in March, 2010 for Appointment of Managing Director and Remuneration of him. But, now the Company has know that the resolution which attached to these forms was wrong. Means the co. wants to pay some fixed amount as remuneration instead of % of net profit as stated in the attached resolution. All these forms were approved. Now What to do. Please guide me in details. Thanks

Dear

I have two queries on Gratuity act

1. Is gratuity payable to each employee of employers in preview of gratuity act, irrespective of their salary ? like their are limits in ESI.

2. Can some one give more details on Section 4(A): compulsory insurance ?

It would be helpful if some one answer these queries.

Dear Friends / Experts,

Please see my basic query :

New private limited company (proposed to be incorporated in Chennai) shall have two shareholders,

where first shareholder is a private limited company, which is represented its MD and

second shareholder is an individual and a nominee shareholder for the first shareholder (who is also the MD of the 1st shareholder i.e. company).

Query :

Whether all the documents (i.e. MOA, AOA and POA) shall have to be signed by the same person, as he plays two roles here.

Ans : ……………….. (I need clarity).

Experts’ may share their experiences.

Dear Friends / Experts,

Two directors propose to incorporate a company, ABC Private Limited, Chennai.

Company has two subscribers.

Subscriber 1 is a private company in india with 9999 shares.
Subscriber 2 is an Individual (also HUF), a nominee shareholder with 1 share.

Query


Whether company should have a mention in it’s Articles of Association regarding the Nominee Shareholder.

Ans : ………. (If so, help me with relevant provisions / sections so that I will try to understand something).


Whether an Individual (also HUF) can be a nominee shareholder in the said company.

Ans : ……….

Post incorporation, are there any disclosures by nominee shareholder / BO / Company.

Ans : ………. (details please)


I shall wait for your advise on the above queries.

My CA final attemt will be held in Nov 2011. Please sugguest me which book should i purchase for Audit & ISCA so that i can understand easily without help of others.
BECAUSE I AM NOT TAKING ANY CLASS for this.

Please sugguest.

Please provide me with simple format of form 24AA.....

Dear Members

By oversight the statutory auditors of a private limited company had filed Form 23B two times with ROC for the current financial year (2010-11). The SRN has been generated for both the forms (Form 23B) filed by them.

There is a requirement for the company to mention the SRN of Form 23B in the Form 23AC.

Please advise which SRN has to be mentioned by the Company. Whether the First one or the Second one.

with regards

Muralidharan

what is the audit limit for a CA ?
is their any provisions updated.?

i want to know who can be appointed as a compliance officer in a listed public company. whether there is any prescribed qualification for the same and who else beside the CS of the company can be appointed

Hello,

We have appointed 3 non executive independent directors in an closely held public co. in order to fulfill the conditions of Sch XIII.

I want to know how can we remunerate independent directors and is there any restriction on their remuneration.

thnx