PLEASE GIVE TO ME FORMAT OF RESOLUTION FOR A ONE OF THE DIRECTOR HAS TAKEN MEMBERSHIP FROM BUSINESS RELATED CLUB. AND CLUB HAS REQUIRED RESOLUTION FOR NO OBJECTION FOR OTHER DIRECTORS.

IF ANY PUBLIC LTD. LETS SAY HAVE AUTHORISED SHARE CAPITAL OF Rs.10,00,000 and THEY ALREADY ISSUED EQUITY SHARE CAPITAL OF Rs.8,00,000 with 80,000 of Rs.10 PER SHARE. AFTER 2 YEARS THEY WANT TO ISSUE MORE SHARES WITH Rs.36 per share i.e.3.6 times MORE THAN FACE VALUE PRICE.
MY QUERY IS THIS DIFF.i.e. Rs.26 will be treated as PREMIUM AND WHAT WILL BE THE COMPOSITION OF BALANCE SHEET AFTERWARDS.
will the face value in balance sheet remain at Rs.10 per share or Rs.36 per share.

Dear All,

Please guide,
The Company is granting new options to the employees. the respective shareholders resolution is taken no wfor the grant of the options till the inprinciple approval what are the steps to be taken?

Thanks.

What is the process or formalility to appoint directors in the private limited company?

Hi.........
we have a company its name is sitaram & Associates Pvt Ltd(According to MOA).But according to ROC records it is registered as SITARAMAN & Associates Pvt Ltd.Now we want to close it under EES 2010.so in EES documents what name we should use.SITARAM OR SITARAMAN.............

what is the difference between depreciation rate under companies law and under income tax rule.

In the Balance Sheet, drawn under Schedule-VI of the Companies Act,1956, where to appear the share application money received by the company but the allottment has not been made as on the Balance Sheet date. This can be shown either under Shareholders' Fund or under the Current Liabilities?
Please give opinion both in the case of Listed and non-listed companies?

Dear All,

In a company there are 4 members in a Committee of Director for allotment of shares under ESOS scheme.
The 4 members are as follows:
2 Independent Directors
1 executive director
& 1 Managing Director.
The quorum for the meeting is 2 Directors.

Is it valid if ED & MD (2 WTD) of the Company hold the meeting without involving an independent director and allot shares to the employees.

What is the shares are to be allotted to ED or MD is presence of independent director needed in the meeting?

Please clarify the doubt.

Dear Members,

A private limited co. has created charge over its assets on 10/07/2010 on cash credit for Rs. 1.5 cr (with sublimit on book debts for Rs. 1 cr ) . While finig the form 8 to ROC the co. instead of showing Rs. 1.5 cr as amount charge, wronlgy speicifed the charge amount as 2.5 cr including the sublimit of also on 15/07/2010. the charge got approved by ROC.

Now the co. noted the wrong charge for Rs. 2.5 cr in the certificateof creation of charge. How can the company rectify the above amount wronlgy shown?

If the company is filing modification (with all the same documents specifying Rs. 1.5 cr as charge amount), the 30 days time limt has expired. But the 60 days time limit for filing "creation of charge" has not expired. Should the company go for condonation u/s 141.
How to correct the charge ?
Kinldy guide me.

thanks & regards

RAJA RAJESWARI S

Q.1 what is the quorum of a private co. which is the subsidiary of public co. ?

Q.2 what is the effect of failure of quorum in a statutory meetingt ?

Q.3 is statutory meeting a general meeting ?

Q.4 is it necessary to send a notice of
section 171/172 for a statutory meeting ,along with the the statutory report ?

plzz answer as soon as possible....