In the conversion of a Public Company to a Private Company,a requirement is to obtain consent from every creditor to whom a substantial amont is owed.What is the meaning of the word "substantial creditor" ?

Dear Experts,

I have Adobe Reader v9, JavaRE installed, PKIClient installed. All latest versions.
I have a laptop with Win7 Home Basic.
I wanted to digitally sign one of the MCA Forms. when i click the signature field, nothing happens, usually a window pops asking u the password for that DSC.
The DSC has been issued by TCS (requisite softwares like TCS Filesigner Plus and EToken have been installed), its not expired either. I m able to view the properties in EToken. Please help. Any further clarifications required..?

I want to know whether there is STILL violation of Section 293A of Co.'s Act,1956 where, ABC co. Pvt.Ltd(which is not completed 3 financial years since incorporation & is a non-Govt.Co.) has paid to a political party on behalf of XYZ Co.Pvt.Ltd (which has completed more than 4 financial years),in such case whether ABC Co.Pvt.Ltd has voliated the said provision of the act?

IN the books of ABC CO.PVT.LTd,accounting entry

XYZ Co.Pvt.Ltd A/c Dr. Rs. 50,00,000.00
To Bank A/c Rs.50,00,000.00
Being chq. drawn in favour of political party,as the said amt.is paid on behalf of XYZ Co.PVtLTD.

In the books of XYZ co.Pvt.LTd,accounting entry
Donation A/c Dr. Rs. 50,00,000.00
To ABC Co.Pvt.LTd 50,00,000
Being paid donation to political party ,the said amt is paid by ABC co,pvt,ltd on behalf of the company

I have a question that "Are the directors in a pvt ltd co., get the share application money in the form of CASH ???

If yes, how much amt can they get in the form of cash as share application money??

hi,
A shareholder of the company wishes to sell his shares to the Managing Director who is also the shareholder of the company.
what shall be the consideration that is to be paid for such transfer.

i Fell it shall be EPS(earning per share)...i.e. net worth / no. of shares of the company
Now as the company is a public unlisted company so no question of market price arises so in that case it shall be EPS only

Kindly tell me if i am right? In case i m not plzz guide me with the suitable solution to my query... i also which to know the tax to be paid by the transferee/or for the above transaction?



Thankz in anticipation

CS KAMNA TIWARI

In case if all the directors in co are additional, then in that case Is any one of them is liable to retire in this AGM coz all the three are appointed in this AGM.

3 additional directors were appointed on 04.01.2010 in a limited co. And at present these are the only directors in the company. Their designation will be changed in the upcoming AGM as the directors. This is an special business in AGM. So I would like to ask that whether these three directors are liable to retire by rotation. If no. then who will retire by rotation next year among the three.

A Company has two directors A & B,in a meeting director's B resignation has been taken on record and in the same meeting a new director C have been appointed...
now the query is the existing director A doesnt have DIN and the new director C has DIN...n can C sign the Annual reports within Form 32 being filed with ROC ??????

Hi!
Can u please tell me the procedure of changing the financial year of the company {From July - June to April - March} and is any there form which i have to filed with ROC.

I had formed a partnership firm with my friend who expired last month. Can I now enter into partnership with the heirs of my deceased partner?