A pvt ltd. co has total 7400 shares of Rs. 100 each.There are 4 shareholders holding 1850 nos shares i.e. @ 25% each.The board consists of only two share holders. The other two share holders are not in the board.
Now, the board is willing to appoint 3 new directors( Who are not the shareholders of the co. ) in the board according to their choice. The Articles provides that a director must hold at least 10 shares as his qualification shares.
The board therefore is willing to issue 300 new shares and to allott the same to the new directors as their qualification shares.
My question is in case of pvt ltd co. can the newly issued shares can directly be allotted to a non-member without offerring the same to the existing share holders?

Actually the the game plan of the present board is in this way they will make 3 non members the members of the company and then they will tyransfer their shares to these 3 persons. They are doing this because One of the existing sharholder is willing to purchase the shares of the co. but the present directord are not willing to sell him their shares.
My second question is how the share holder who is willing to purchase the shares of the co. if any one is willing to sell his stake, can protect his rights and become the major shareholder/ director of the co.?

For pvt ltd company, which issues Fully and Compulsorily convertible Debetures,(convertible in to fully paid equity shares)whether these debetures are grouped under equity capital or a secured loans in Balance sheet?

We have filled form 32 for appointment of new director into private limited company with ordinary resolution . In the form 32 we have mentioned that he is director of the private limited. Does this form 32 has any problem or , do we need to conduct EGM for the same to ratify that he is additional director. Please suugest.

Please inform about the procedure for incorporation of section 25 company. Please it is urgent..

Will Form 25C applicable for revision in terms of remuneration of Chairman of the Company for which the Remuneration Agreement entered between the Company & Chairman.

As after going through the Form 25C it mention in point no 4 as only designation for Manager/WTD/MD only.

Will here Form 25C applicable?

Kindly revert.

Thanks!!

It mean "Chairman" deemed to be WTD in case of filing the Form 25C?

Dear Members,

Do both the directors are required to obtain DSC (Digital Signature ) or is it sufficient that only one director obtain the DSC

Thanks & Regards,

Dear Experts,


Query regarding Filling and Verification of Form 8.

Please let me know how do we verify, if the Form 8 comes from client office for our review.

Is there any simple and easy method to effectively verify the form (as the documents are more and especially, each document / agreement shall have more than 6 pages (or even 10 pages plus) including the Sanction Letter) ?

I may expect your views on the matter.

Dear Experts

Can u tell me how much limit of loan, if loan provide to director of company.

A Director appointed his daughter as an employee in the company,monthly salary being Rs 15,000 /- whether special resolution is to be passed for the above case ?

Which book to refer for CA Final Exams?????
I have ma exams in May 2011 .