A motor car is in the name of Director. But it is used fully for PRIVATE company's business purpose. Loan repayment is from company. Can the company claim depreciation and interest on loan? What is solution to bring the car in the balance sheet of the company?

Please suggest me the legal procedure.

Hi,

Can anyone give me the format of Certificate to be issued by CA to be filed alongwith FC-GPR & FC-TRS.

As per RBI guidelines and form only following information is available :

A certificate from Statutory Auditors or Chartered Accountant indicating the manner of arriving at the price of the shares issued to the persons resident outside India.

Any thoughts in this regard is highly helpful. Thank you in advance

A CO HAS PROVIDED IN ITS ARTICLE THAT AUTHORISED CAPITAL IS DIVIDED IN THREE PARTS REPRESENTED AS 'A' , 'B' AND 'C'. IT FURTHER PROVIDE THAT HOLDER OF 'A' CAPITAL WILL APPOINT TWO DIRECTOR AND SAME WAY HOLDER OF 'B' AND 'C ' CAPITAL WILL ALSO APPOINT TWO DIRECTOR EACH. IT FURTHER PROVIDE THAT IN A BOARD MEETING A RESOLUTION CAN BE PASSED WITH MAJORITY SUBJECT TO ONE AFFIRMATIVE VOTE OF EACH 'A' , 'B' AND 'C' DIRECTOR.

IF SUCH TYPE OF CLAUSES ARE VALID AND MEET THE REQUIREMENT OF COMPANIES ACT .

Hi,

Can anyone give me the format of Certificate to be issued by CA to be filed alongwith FC-GPR & FC-TRS.

As per RBI guidelines and form only following information is available :

A certificate from Statutory Auditors or Chartered Accountant indicating the manner of arriving at the price of the shares issued to the persons resident outside India.

Any thoughts in this regard is highly helpful. Thank you in advance.

In a Company Two brothers are part time director and does not get any remuneration from the company .Company wants to appoint one director as advisor for a particular project and want to give 75000 P.M. advising fees .Whether this Case will be covered in section 314(1B).

A listed company had called an Extra Ordinary General Meeting of Shareholders for Preferential Allotment of Equity Shares. But the shareholders have not passed the resolution for Preferential Allotment of Equity shares.

I have to intimate Stock exchange regarding outcome of EGM.

Kindly guide me how to prepare the Outcome of EGM specifically for this purpose.

Pls reply very urgently.

Hi all
A company had conducted a board meeting say on 26th of December 2010, and the draft minutes of the meeting is sent to the directors including the chairman of the meeting for their information and signing. The chairman of the meeting on getting the draft resolution changed / corrected the contents abruptly and that may be considered as a major departure of the contents of the resolution passed. In such a situation, my question is
a. which section / case law may be relevant to point the chairman's act is beyond the authority and subject to revision. Please help me this is very urgent.

One of my client wants to revise its ROC Return.

Is it possible to revise the Annual Return.

Can an EGM of Indian co. be held in foreign ??
Give full explanation with reference to relevant sections.

Is company can appoint additional Director prior to incorporation?