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Ganisht
30 December 2010 at 12:22

Section 297 provision

XYZ & Co and ABC & Co (Both are public & Listed companies) enter in a aggrement of suppling goods which are made by ABC & Co.
Mr. P is a director in both Companies.

Explain wheather section 297 is applicable in this case.



Anonymous

Dear Sir,
i Want to know that which form is required to be filed with ROC in case of resignation of Director from private limited company.
And what other requirements are necessary for that case .
pls tell me.


Ganisht
30 December 2010 at 12:00

Section 295 with 372A

Dear Expert,

Please guide me the provision of sec 295 & 372A in the below mention case:

M/s XYZ & Co. takes a home on rent from Mr. A( Director of XYZ & Co.), to provide that home to Mr. A for his residence.

Company also give some security to Mr. A for providing home.

Wheather this security is treated as loan/advance u/s 295?

Wheather provision of section 372A applicable?

pls explain in detail with section reference also.



Anonymous
30 December 2010 at 11:58

Sweat equity to Director or Employee

Dear All,

Is there any other restriction on issuance of sweat equity share to Directors/Employee
apart from below two?

1. Atleast one year has elapsed since the date of Commencement of Business by Company before issue of Sweat equity shares.

2. The company shall not issue sweat equity shares for more than 15% of total paid up equity share capital in a year or shares of the value of 5 crores of rupees, whichever is higher except with the prior approval of the Central Government in Form 65.

I will be oblized if any body can explain point 2 with an example.

Regds,



Nipa
30 December 2010 at 11:35

Interim Dividend

Hi,

please reply me for the following query:

can a Company declare a dividend 5 times (Interim Dividend) during its financial year??

Thanks & Regards,
Nipa


Alok
30 December 2010 at 10:46

Director role in a pvt ltd company

Hi,
I would have following queries:
1. Does Managing Director of a pvt ltd company have any special rights ?

2. Is it possible to appoint a new director in a pvt ltd company without board of director resolution

3. Is it possible for a founding director (Managing Director) to transfer the business/ assets of a company to another company without written consent/ resolution from other founding directors.

Thanks
Alok



Anonymous
29 December 2010 at 21:48

Restoration of company u/s 560(6)

a company was incorporated in 1992 and filed its return up to 1996. afterwards no filing was made by the company. company is having one land and also having unsecured land from directors as per 1996 balance sheet. ROC has struck off its name in feb 2007. u/s 560(6), there is one condition that if a member, company or creditor feels 'aggrieved' then they can file a petition. what we can take a plea for filing petition before high court.
please suggest me.


CA . DILIP PADHIYAR
29 December 2010 at 18:50

Board Meeting For Pvt. Ltd. Company



How many meeting of Board , pvt. Ltd. can have during the year ?


HEMANT
29 December 2010 at 18:39

u/s. 295 of companies act 1956

IS CLB permission (u/s.295 of companies act,1956) for taking xyz ltd. as co-borrower for the loan taken in personal capacity of directors to be submitted before disbursement.

Please give me full details about filling form to Roc and section 295?

IS it necessary to file 24AB?


Parth Maken
29 December 2010 at 18:00

Easy Exit Scheme 2011

Dear Sir,

Please tell me that if a director of a company who has already resigned from the directorship of a company is required to sign the affidavit / indemnity bond required to be signed under this scheme? The point to be noted here is that although the director has resigned and the Board of Directors has accepted the retiring director's resignation but there is no such intimation from the Company to the R.O.C. ?






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