As per provisions in the companies act, it is specifically mentioned that if a company incurs loss during the year, it can still declare dividend out of past reserves provided it fulfills all the 3 conditions.

1 condition out of that is - Max dividend which a company can declare in case of loss is - Average Rate of last 5 years dividend paid or 10% of paid up capital, whichever is less

Then how come a listed company like Indiabulls Securities (Auditor - Deloitte) declared 100% dividend for FY09 even though it reported net loss for that year.

Could some expert please enlighten me with the rules for distributing dividend in case of loss.

Dear Sir/ Madam,

Please provide me object clause for a company who wants to trade in products related to solar i.e, solar lamb, solar heater etc.

Thanks

In case of a EGM whether Shareholders can resolve to adjourn the meeting.

If yes, who has the authority to decide the time and place for the adjourn meeting. Whether shareholders themselves decide the date and time for the adjourn meeting.

What are the provisions in respect of issue of shares at premium by a pvt co which is a subsidiary comapny. waht is the maximum amt of premium of a share of face value of rs 10.
What is the procedure that a company should follow.
Plz fwd a specimen resolution

is there anyway to see the shareholders detail on MCA portal except inspection of annual returns....?

Please confirm my understanding given below:

As per Sec 210 of the Companies Act,

a. The first financials of the company can be for a period of 15 months from the date of incoportation

b. The subsequent financials will be starting from the day next to the closing of the first financials.

c. Financial year can be for a period more than or less than 12 months. As per point b, the second year financials can be for a period starting from the day next to the closing of the first financials to 31st March also

The term for Managing Director expires on 31.03.2010. He has to be reappointed for next 3 yrs from 01.04.2010. In this regard form 25C hs to be filed within 90days. The date of Board meeting is 16.08.2010 and date of AGM is 15.09.2010

The query is when the form 25C hs to be filed ie within 90 days from Board meeting or AGM or effective date of appointment.

Can the persons who are not the share holders of the company give the unsecured loan to the company?

What are the provisions in respect of issue of shares at premium.
What is the procedure that a company should follow.

WE ARE FILLING FORM NO 23 ACA FOR ONE OF OUR CLIENT WE ARE CONFUSED AS UNDER,

IN VERIFICATION PART OF THE FORM WHICH RESOLUTION NUMBER SHOULD BE MENTIONED?

WHAT SHOULD BE THE DATE OF SUCH RESOLUTION?

CAN WE REVISE THIS RETURN IF WE FIND AN ERROR LATER ON?