is a n incoming auditor supposed to obtain NOC from the outgoing auditor prior to the holding of EGm or after that.

If it has to be obtained after the EGM and the outgoing auditor gives a NOC subject to certain observations or points, then shall the new auditor accept the appointment or not.

Please reply asap.

If A Ltd becomes the Holding Company of B ltd then what are the compliance required to be met by Altd(holding co) as per Companies act and ROC?????

Our co has appointed two additional directors in a board meeting. And they hold office as additional directors upto next AGM. My Question is that Whether can we hold an EGM and appoint them as Directors of the company before the next AGM. Is this possible.

whether special resolution is required for appointment of MD/ WTD. (Jst for appointment no terms of remuneration was decided)

plz can anyone guide me on meeting by circulations. what is the procedure to be followed and how the directors should give their approval.

A company, in which the directors hold majority of the shares, altered its Articles
so as to give power to directors to require any shareholder, who competed with
the company’s business, to transfer his shares, at their full value, to any nominee
of the directors. Mr. Sen had some shares in the company, and he was in
competition with the company. Is Mr. Sen bound by the alteration?

The Articles of a company provided that the shares of a member who became
bankrupt would be offered for sale to other shareholders at a certain price. Is
the provision binding on the shareholders?

Hi...

Will section 297 of the Companies Act, 1956 have to be complied with in case a Public Company proposes to enter into a contract for purchase, sale,supply of goods, materials or services with a Sole Proprietorship firm of which the Director of the Company/or his relative is a proprietor??????

Section 297 covers a firm in which the Director of the Company/or his relative is a partner or any partner of such firm but whether proprietorship firm is covered??????

Can an additional director can be regularised in EGM if we forgets to confirm his directorship in AGM.


Please tell me the whole procedure

A ltd. company is a public company. Company has appointed MD in the board meeting held on 27.12.2004. As per section 317 of the Companies Act, 1956 MD can be appointed for a maximum period of 5 years at a time.

But at the expiry of his tenure of 5 years he was not reappointed and he continued working till date as MD.

So now what options are available with the company. How they can rectify their mistake. If they reappoint the MD from the current date what will be the consequences as he worked as MD even after the expiry of his tenure. What will be the validity of the work done by MD after the expiry of his tenure.