HELLO
I HAVE A DOUBT ABOUT MANAGERIAL REMUNERATION....
WHILE I AUDIT THE ACCOUNT OF A PUBLIC LIMITED COMPANY ,THEY PROVIDE THE REMUNERATION AS PER SCHEDULE X111 OF THE COMPANY ACT..THEIR EFFECTIVE CAPITAL IS RS. 7 CRORE SO THE MANAGERIAL REMUNERATION IS RS 1,25,000 PM..THAT MEANS RS 15 LACS PER ANNUM BUT IN THE BOOK OF ACCOUNT THEY PROVIDE 22 LACS P.A...WHILE READING THE PROVISION CONTAINED IN SCHEDULE X111 THEY CAN TAKE THE OPTION 2 BY PASSING A SPECIAL RESOLUTION IN THE GENERAL MEETING ...NO APPROVAL OF THE CENTRAL GOVERNMENT IS REQUIRED ....ANY FORM IS TO SUBMITTED IN THE ROC ....JUST TELL ME WHETHER I AM CORRECT OR NOT
OR ANY LEGAL FORMAILITY REMAINS

Can Sum1 suggest me when is the Charge required to be created on the F.A of the company & whether it is required for both Pvt & Pub co. Also the type of charges that are to created & whats the procedure for registeration of charge in ROC. I need all.

Dear Experts,
1)Can a Pvt Ltd Co. take loan from another Pvt Ltd Co.?
2) Can A Pvt Ltd Co. accept interest free loan from directors?
3) Can director of a Pvt Ltd Co. Accept loan , which is further transferred to the company by the later, were EMI is directly paid by the Company to the third party? Is it allowed?

Thanx in advance

Dear All,

Can any one provide me with the dActivity Checklist (Timeline wise) for Right Issue under ICDR

Thanks in advance

Regards,

Sagar RK

can anyone tell me when does section 187C become applicable? And what does the term 'nature of beneficial interest' imply in the declaration to be made under section 187C(1)??

I NEED DOCUMENTS TO BE PREPARED FOR AFORESAID SECTION

Thank you for your prompt reply to my query regarding the appointment of functional directors in govt companies (CPSEs).I have one more dbt, According to Sec 260 additional directors shall hold office only up to the date of next AGM. In pursuance of Notification No.GSR 906, dated 30-07-1981 & GSR 577(E), dated 16th July 1985, section 255,256,257,263,264,265,266 are not applicable to the Govt Companies (Section 620). In this situation, how we can appoint a functional director? Which is the section we have to comply? Can u explain…

HI to all Experts
plz. give me ur valuable suggestions.
we have a company which had been struck off in dec 2006.we also have copy of notice U/s 560(2).But now we receive a notice U/s 159/166/210/220 for the same company...plz tell me what we should do in such situation.

A Company (immaterial whether private or public)issue shares at premium.Now if company use this premium for purchase of capital assets say fixed assets like building,plant machinery or use premium for investment in equity shares of other co.,or invest in mutual funds.
Q Whether Company can do this?
Q whether Company attract Sec 78 of Companies Act?

dear sir
i want to list of company act 1956 sections applicable on private company and public company separately
and cases in which special resolution is necessary
and the list of time limit prescribed in all sections