Dear experts,

How shall the object clause be framed to cover trading activity of all kind of materials i.e
1. Cotton Coated Fabric
2. PVC Coated Fabric
3. Book Binding Cloth
4. All types of Fabrics
5. Non-Woven Fabrics
6. Adhesive
7. Inks
8. Banner Flex
9. PVC Sheeting’s
10. Narrow Woven Fabric
11. All kind of Bag Fittings
12. Zipper and Slider
13. All type of Bags and Luggage
14. Vinyl’s
15. Reflective Sticker & Tapes
16. Foam Board
17. Floral Foam
18. Beads
19. Paper and Board
20. Wall Paper and Fabric
21. Flooring
22. Vertify Tiles
23. Furniture
24. Decorative Items
25. Cements
26. Hardware Product, etc
whether the below mentioned clause will suffice:

"To trade/deal in any commodities, substances, articles, merchandise, goods, and things whether solid or liquid or gaseous, as agents, commission agents, forwarding agents, clearing agents, distributors, warehousemen, licencees, merchants, traders, sales organisers, representatives of manufacturers of commodities, goods articles, materials and things and for that purpose to buy, to sell exchange, market, pledge, distribute, install, service, maintain, or otherwise deals in commodities, goods articles and things and to carry on the trading business as a retailer or wholesaler or both."

Suppose a company paid interim dividen out of profit. Then it made some huge extraordinary loss which wiped out its current and past year profits. What is the implication

Hi....

Suppose Mr.X is a Director of 15 Companies(excluding the Companies prescribed under section 278 which are not to be taken into consideration for reckoing the limit of 15 companies). Now. Mr. X is appointed as a Director of the Board of ABC Ltd. on 27.04.2010. Pursuant to the provisions of section 277 of the Companies Act, 1956 his appointment in ABC Ltd. will not take effect unless and untill within 15 days of appointment he resigns as Director of any of the previous Companies so as to bring the number of Companies in which he is a Director to 15 .

Now suppose he resigns from one of the Companies on 30.04.2010. If the Company fails/does not file Form 32 for his resignation on MCA21 Portal, Form 32 for his appointment in ABC Ltd can not be uploaded on the MCA Portal. Now, after the expiry of 15 days, his new appointment becomes void.

Now, My question is if the Director has resigned from one of the old Companies and the Company has not filed Form 32 for his resignation, Form 32 for his appointment in ABC Ltd. can not be uploaded on MCA21 Portal. What remedy is available to the Director in such situation????????

Can a Private Company which is not a subsidiary of a Public Company appoint a Director to fill in the casual vacancy caused due to the resignation of a Director?

Ours is a private company. In shareholders agreement, there is a clause for appointment of one representative of Investor Company as director. Accordingly Mr.X has been appointed. Now the investor company wants to replace Mr.Y in place of Mr.X. what procedures is to be followed here? Whether shareholders approval is necessary for replacement of nominee director?

Is director appointed u/s 262 considered as non- rotational director? If so, pls give the reference of section, mca clarification etc.

Whether such director will retire at ensuing AGM as he is appointed by Board or he will hold office till the tenure of original director.

Pls clarify my doubts.

Can any one provide me main object for Cinema company which involve in making,production, direction, promotion, advertising, films, short films, tele films, movies, promotional songs, music, advertising etc.

can a wholly employed company secretary become a director (in professional capacity or independent or non executive) in another company?

please reply it urgently

tahnk you in advance

Dear Experts,

THANKS for the prompt response. It is clear where sec. 17(2) of the Cos. Act says that CLB's confirmation is required for effecting change in the situation of the registered office of the Company. But it is not clear whether subsections 3,4,5,6 & 7 of Sec. 17 are a continuation of subsection 2 alone or are they applicable to changes in both registered office and object clause in general. Kindly clarify.(Urgent)

Binita

Wht is procedure for change of object Clause of Section 25 Co.