As per the provisions of the section 106 of the Companies Act, 1956 rights attached to the class of shareholders can be varied by passing a special resolution or with the written consent of the 3/4th shareholders of that class. Presently we are having 4% Cumulative Redeemable Preference shares now we want to convert those shares into Non Cumulative Redeemable Preference Shares.

1. My question is that whether the approval of the Board is also required for the variation, if we go for the written consent?
2. Whether any intimation is required to be filed with the ROC after variation as we are reducing the rate of interest from 4% to 0%.
3. If yes, in which Form intimation is to be filed with ROC.

My company established in November 2009 & we registered in Marashtra Labour Welfare fund in the Month of March 2010 Paid december Dues in March 2010 We receved letter from Bombay Welfare fund they wanted to produce following Details

Registration Licence Bombay shops & establishment act 2)

Certificate of incorporation 3) Muster Roll & Wages 4 ) Every June & December Payment Challn 5) Register of Unpaid Accumulation & fines

6) Record of Fine & Bones 03 -04 5 ) Record of Payment of Bonus & Fine

6) Balance Sheet along with schedule Trial Balance & General Ledger



We have just completed nine months we are not close 2009-10 Accounts & Trial Balance & balance Sheet & Also We are not maintan any muster Roll


Can please how to draft letter reply to marashtra Labour fune on the above matter & also give format of Drafting Letter & suggetion on above will be greatfull

If all the directors of a company are intrested in a contract u/s 297 wat is to be done??

Hi Frnds

Pls tell me , that can we pay the director remuneration even if company bearing loss in financial year.

with section recference

Thanks in advance

Regards

Gaurav

X pvt. ltd. is a company in which 99% shareholding is being held by a foreign company and 1% being held by its nominee in India, the question is at the time of an EGM/AGM whether the peresence of both the members is required.

A company has an authorised capital of Rs. 5 Crores which includes Equity Shares of Rs.2 Crores and Redeemable Preferance Shares of Rs. 3 Crores. Now the company wants to redeem the pref. shaares by issue of fresh equity shaares of Rs. 3 Crores. Now, the problem is that whether the company needs to increase its Authorised Capital for issuing equity shares.

If a Public company subsequently becomes Pvt. Ltd. company during the financial year and all the three exemptions mentioned in the CARO'2003 is satisfied. Whether CARO is applicable since it was a Public company for some period during the Financial year.

A holds 100 shares in one share certificate but wants to transfer 50 shares in the name of B & C each. What is the procedure of splitting the share certificate into two for the said matter?

Please quote the relevant section and Rules, if possible.

Urgent

Hi,
In process of transfer of shares to outside party in a pvt ltd. co. , which Sahre certificate is given to transferee.

If the transferor is having 7 different shares Certificates of amounting around Rs. 50,000 and he has to transfer all shares to 1 transferee, so he will transfer all shares seperatly and handover it to transferee?

Regards,
Abhilasha Pandey

Hi,
I have to transfer shares in a private limited compony to outside party. Please provide me the process ?
How should I transfer share Certificate to that outside party.
After writing all details at the back of Share Certificate and filling share transfer form with stamp duty, can I give that same share certificate to outside party ?

Regards,
Abhilasha