what are the procedures to convert a proprietor firm into a private limited company ?

I just want to know that is there any rules and provisions are made in the Companies ACt, 1956 applicable to pvt. company related to max. remuneration of Auditor can be fixed up?

whether general meeting is required to issue shares at premium or can it be done in board meeting. and jst wanted to confirm that allotment can be made in board meeting.or we can do should the above activities in general meeting

Dear Sir,

Pls give your suggestions regarding the following :

A company having genuine reserves is proposing to issue bonus shares to its equity shareholders. Can the bonus shares proposed to be isued, be issued as preferance shares. Is the company correct in doing so?.
Kindly give your valuable advice...

Can anyone give me draft resolution passed at board meeting and also special resolution and explanatory statement to file form 23 to covert private company in to public company..

Thanks in adavance

We have appointed additional director in mid 2008, according to law it needs to be regularized in next AGM i.e. AGM of 2008. But we failed to do that till date, can we regularize him in current AGM.

What are the consequences and what are the remedies.

A director in a private company didnot hold any qualification shares though the articles of the company prescribes that the director has to hold. He was appointed as Director in 1993 and stil continuing.. Now whether the director has vacated office as per sec. 283 or he was not disqualified as per sections 270-273. Kindly advice me in all the respects.

Dear All,

Not for profit organisation registered under section 25 of the companies act as first directors in the memorandum and articles of association, is now refusing to resign from the post of director.ActualFounders are in Germany, now they want to remeove these two fraud directors, any body can suggest the ways to remove them as director.

Regards,
S Devadoss

A private company issued the shares to increase its capital with the approval of GM. It has also received the application money but not alloted the shares for 1 year .
Is their any time period for allotment of shares in case of private company?
If yes than what and plz tell me the fine in case of late allotment.

During the audit it was found that the director of the private limited company are disqualified as they have not paid interest for more than 1 year and even not filled annual return for more than 3 years but still they are holding the post of director.
My question is that is their any penalty in case of private limited company? If yes than plz tell the amount.
Can they be reappointed as the director of the company?
What is the obligation of auditors in this case