The Companies Act, 1956 amended effective December 2000 stipulated that existing private companies are restricted from acceptance of deposits from the public.However,Rule 2 clause (b), sub-clause (ix) of the Companies (Acceptance of Deposits) Rules, 1975 permits:
" any amount received from a person who, at the time of the receipt of the amount, was a director of the company or any amount received from a relative of a director or its member by a private company "

The question is whether Private Companies formed prior to this amendment,are required to amend the Articles with regard to the restriction to invite deposits from the public ?

Regards,
Rajiv Kaicker

Can someone give me the draft of Board Resolution for Director's Remuneration in case of a Section 25 Company? Please reply urgently.

Please provide me a Draft letter of reply for the above notice as i have filed all the requiremnets on time.
Not filing returns for 2008-09 and not conducting AGM

is there any provision for additional dep in co's act 1956 ?

we Have Applied for the name approval of a new company with prefix as "Resource" its basic object would be Loan DSA Plus Logistics and Service Providers to Builders and Infrasturcture Companies Plus Commission Agents of Real estates My Question is How to Give the Significance of Word "Resource" in this context so that the name gets approved.

kindly provide me the format of annual return of a public company.

more specifically, there is a requirement to give a certification at the end of the annual return of a company. kindly provide me the certification to be given in case of a public company.

My company intends to change its name from "BAIJNATH INTERNATIONAL PAPER MILLS PVT. LTD." to "S.R. INTERNATIONAL PAPER MILLS PVT. LTD." but ROC has marked and told me that there is name resemble with "S.R. PAPERS PVT. LTD." but I cant understand where the name is resemble. the proposed name of the company is entirely different from the existing company's name.
Plese help me and suggest me as soon as possible.

A private limited company is converted into public company on 31.03.2010...


Intercorporate Investment were already exceeds the limit of Sec. 372A when it was private company..


Thus 372A was not applicable when it was private company, so no SR were required.. but now it become public company, so whether SR is required for OLD INVESTMENTS ?? if required, then what will be the maximum time limit for this SR ??





Sec 372A says,


(1) No company shall, directly or indirectly,-
(a) make any loan to any other body corporate:
(b) give any guarantee, or provide security, in connection with a loan made by any other person to , or to any other person, by any body corporate: and
(c) acquire by way of subscripttion, purchase or otherwise the securities of any other body corporate,


exceeding sixty percent of its paid -up share capital and free reserve, or one hundred percent of its free reserves, whichever is more





But in this case, the company is neither going to make loan or to give guarantee nor acquiring securities. Act is silent about previous investment's approval.





please give me the reference of ur answer...





Thanks in advance...

Hi,

I have been given a project in college on the topic "Borrowing powers and effects of ultra-vires of bowwowing" under Companies act, 1956.

My content for the project should contain atleat 15 pages. Can you please suggest links and resources where I can get enough information on this.

Thanks

Mohit

hi

i need memorandum of association and article of association for private limited company for business of accounting, finance consultancy and other outsourcing work etc

please guide me in this matter

give me 2 -3 best suitable format of the same.

Thanks & Regards

CA Dhiraj Sarda