Is there any limit for the remuneration of directors of a pvt co.? I am the director of a pvt ltd co. The Co.s profit before my remuneration is Rs.5,00,000/-. I demanded a remuneration package of Rs.6,00,000/-p.a. But my legal solicitor rejected it saying that my remuneration will lead to a loss picture not acceptable by IT Act and also that a ceiling has been fixed by the Co.s Act. I also came to know from my friends that this limit is not applicable for a pvt ltd co. Can anyone clarify me that whether i could draw excess remuneration than the profits? Whether this will be accepted by IT authorities and MCA authorities?

Dear Sir,
Is there any limit for minimum & maximum no. of Share Holders.
Can single Share holder be there in any Pvt Ltd. Co?

Dear All

my client had applied for winding up under Easy exit scheme, we were informed that there is a charge which my client's banker had created in 1998 which was satisfied in 2002 but form 17 was not filed & the client was ignorant about it,now, the client approached the banker for the letter of satisfaction but the banker doesnot have any details about the exact date of satifaction as they do not have such older records. I want to know :

a) that in such a case how can we file form 17 without the exact satisfaction date

b) if we get the date of satisfaction made in 2002, should we file for condonation of delay with CLB.

awaiting for the early response, thank you.

Dear Sir,
Please provide me procedure of Change of Address in DIN.
Regards

A public limited company want to have a new company as Subsidiary. What all exemptions & benefits the parent earn by having a subsidiary. If no benefit of a subsidiary then will it be legally beneficial to set up a new company with same MD & Directors?

it is mendetory for the company to maintain books of accounts before it come in to existaance? if yes what is the treatment of expenses incurred by the promotors?

How E.P.F. calculate on salary.

Please tell me Brifly.

& Mention all PErcent below a/c no.

E.P.F A/c no. - 1
E.P.F A/c no. - 2
E.P.F A/c no. - 10
E.P.F A/c no. - 21
E.P.F A/c no. - 22

Can a private limited company accept loan from NRI DIRECTOR?If so, what are reporting requirements under FEMA?

Also can an alternate director incur expenses on behalf of the private company and the company subsequently reimburse them back?

Kindly help

Sir,

can anyone supply me a drafting of agreement between plantiff and complantat after passing order in favour of planiff.

Dear Sir,

Can any advice me on Object add in MOA.
I have form Private limited company.

My business is Automobiles Front,Back,Door Glass Replacement, Backlite replacement, Automobiles Assesseoirs, Parts Trading,Automobiles related all trading, Bio Diesel Trading, Chemical Trading & Trading all other related.

Pls. give me object set in legal language. So, that i can added these object clause in my MOA.

My email : bhavin.cma@gmail.com

Thanks,