Should managerial remuneration be calculated by taking net profit after tax or before tax? what is its maxi. limit for Pvt co.?

Dear Experts,

ABC Ltd filed Form 32 for Change in Designation for its ‘Chairman and Director’ in the following manner :

Designation : Director
Category : Independent
Chairman, Non-Executive Director

Now, ABC Ltd filed Form 32 for Cessation of the same person.

In the form, Designation alone is possible to select.
(Category : Independent – Chairman, Non-Executive Director cannot be possible in the form).

On the examination of the Form 32, RoC has raised Remarks, which is as under :

In the resignation letter Sh. A has stated his position as Chairman and Director. But in F 32 filed his position has been shown as Director only. Needs clarification. Form should be resubmitted by 30/07/2010 failing which the eForm shall be treated as invalid and shall not be taken on record. (Please refer Regulation 17 of the Companies Regulation, 1956)


How do we address the issue ?

There is no mistake on the part of the company in filling the Form 32, as the said fields cannot be selected due to CESSATION.

Experts may share their experience and advise suitably to proceed on the matter.

can anybody please send me a few specimen memorandum & artiocles of association of a pvt.ltd.co. with the main object of a textile company.

Can any body provide me board resolution for allotment of shares under ESOP Scheme


B Rao

A PRIVATE LIMITED COMPANY STARTED OF RS. ONE LACS AS A PAID UP SHARE CAPITAL BUT TOTAL PAID UP SHARE CAPITAL AMOUNT OF RS. 1.02 LACS RECEIVED FROM DIRECTORS SO, QUESTION ABOUT THAT WHAT SHOULD BE TAKEN ACTION ABOUT BOOKS OF ACCOUNTS AND COMPANY FOR EXCESS OF SHARE CAPITAL RECEIVED FROM DIRECTORS ?

Plz advice me on the following,

Is there any provision in the Act that we adopt unaudited annual accounts in the AGM and after that adopt audited annual accounts in an EGM...??

Because on the due date of AGM annual accounts of the company was not prepared.

Dear All,

We wanted to registered a pvt.ltd. co.

We uploaded all forms,but by mistake we clicked on chapter ix instead of new company.

The error was not noticed at correction stage either by us or by R.O.C.

CIN also has been generated.once we got CIN,we thought co. is ready.

But we did not receive cert of inc.

On verification at site, It is showing CIN but “captured”

Any one has solution to problem?


Regards

c.a.paresh zatakia
9833855518

1)I want know the compliances of companies act 1956 with regard to Issue of bonus shares by a private limited company?
2)what are ROC compliance with regard to it?
3)whether bonus shares can be issued to a single shareholder only?

A company has to convert its one project into Section 25 company as per agreement executed between company & governmen.

My query is whay & what is the best option available to the company:

1) whether the company demerge its said project and convert the same into section 25 company
2) whether form new section 25 company and transer/sale the said project to such new section 25 company.

Also inform about the procedure, advantages & disadvantage for above both options.

Please it is very urgent

Dear Sir/Ma'dam,
can u give me detail procedure with resolution for not re appointment of additional director at AGM, at agm members denied for reappointment of one of my additional Directors, pls give me procedure with resolution.
Waiting