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Deepak Sharma
11 August 2010 at 18:09

CLSS 2010

Dear ALL,
I just want know what is the procedure to restore the name of striked off company in the Register of Companies.

Is High Court th only authority to do this?

If a company is not filing its documents for last 10-15 years, how it will be benefited under CLSS 2010


Shreya
11 August 2010 at 18:04

Name & objects

for a private limited co., form 1A is filed for change in name. The present business is that of pharmaceuticals. But the Company presently does only investing business & clause of carrying on investing activities is present in other objects.
ROC has raised an objection that name should reflet the given object & Board Resolution should indicate proposed object amendment.
Whether we can evade the object amendment procedure?
If no, what would be procedure for change in objects?
whether under section 17 or 149?
149 is not applicable to pvt ltd co.
Section 17 won't be applicable in our case as it is not in relation to the existing business .
Kindly advise.


ajay arora
11 August 2010 at 18:01

listing agrrement

pls send all the details regarding listing agreement requirements which we file with the stock exchange..........and clause 49 details.........


Archana
11 August 2010 at 17:57

IS this Public deposit???

An unlisted public ltd. say ABC Entertainment corporation Ltd. runs a channel......It accepted membership deposits by issuing advertisement in local newspaper from individuals who are niether shareholder or director in 2006 in a scheme that the channel wud play their selected program agianst their membership fees..........but till now the co. hasnt implemented this scheme n the deposits are shown as current liabilities in B/s....Also, the terms were that 1. fees is non refundable 2. the co. has right to convert the membership fees into equity shares.,,,,,,,

Is 58A applicable or is there any violation...pls suggest


Ranjeet
11 August 2010 at 17:34

depreciation

is that mandtory for any company to follow depreciation rate, provided under company act? or company can follow depreciation rate under income tax act to avoid the calculation of defered tax asset/ liablity? plzz refer section under relevent act.


Shikha Anand
11 August 2010 at 17:28

AGM at shorter notice

Hi fellow professionals

I have a query. My company is a private co., which is a subsidiary of two mauritian entities. We are to conduct AGM of our company in the next month. Now since both the shareholders of the company are foreign co.s thrfore they appoint representatives on behalf of them to attend AGM and those representatives are usually the directors of the Company only. Now the thing is as per the routine practice here the company mostly do AGMs at shorter notice..rather on the same day of BM in which accounts are approved. morning they do the BMs n evening they do AGM. Now for this the Company usually e-mail the notices of AGM to the shareholders abroad and form 22A (consent of Shorter notice) are usually sent to the reprentatives here only and duly signed by them only.
So my first question is Shouldnt the company POST the notices to representatives or deliver by hand?? rather than jus mailing them...??

Secondly, can the representatives sign Form 22A on behalf of shrholders or the Shareholders are only suppose to sign them??? Does representatives have the power or authority to give consent for the shorter notice.????



Anonymous

I have queries regarding Private Limited Companies Law for the following:

Once a shareholder gives in writing to the company his intention to sell his shares, can he reverse his intentions and not sell his shares to other shareholders for the price set by the auditors? Or is he bound by law to sell his shares even though he has a better offer from a third party?


Parashar
11 August 2010 at 15:17

Business in Annual General Meeting

Hi all

One of the company have passed a resolution in the Annual General Meeting which was not included neither in the Notice of the Meeting nor a shorter notice was given for the same.

Is it a valid business ? if not how can we rectify it or make good


sonal
11 August 2010 at 14:23

Additional Director

An additional director in a limited company is appointed on 1 August,2010 , agm for that company is scheduled to be held on 20th August,2010 can that appointment be regularised in tht agm.
and form 32 is required to be filed twice or once in this situation??


CS Amit Kr Jain

Sir
Two pvt ltd company having investments in each other and a common director holding more than 10% share in each company .

is this applicable according to corporate law,how or any other law ,like payment made to companies can be treated as deemed dividend.u/s 22 of IT act.

what are the conditions and consequences of this cross holding?






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