Hi Experts! Only few month ago we had appointed a person as a director of our company, without any share or investment. But he is not giving his time to our company. Now we asked him for resignation. But he is not giving resignation. We send 3 times notice for the same also. Now my question is that how can we disqualify him from our company.

Two questions>

1. Can the holding company be the only sharholder in ints subsidiary..if yes it contradicts the criteria of minimum sharholding.

2. WHat is the procedure if at any point a private company has only one shareholder left

Wholetime director is appointed on the board of the company by way of resolution and not by way of agreement with a specific assignment of work. now he is not doing the work properly and company want to remove from the Board. can it be necessary to give him 30 days notice for his removal as WT. As no resolution or agreement provide for his removal but period is fied for three years

please comments colleages

A private limited Co. was incorpotrated in 2009 with Rs. 5 Crores Authorized Share Capital which contains Rs. 1 crore Equity Share Capital of Rs. 100 each and Rs. 4 Crore Optionally convertible pref. shares of Rs. 100 each. The Paid up Capital is Rs. 1 lac equity shares which devided in 1000 equity shares of rs. 100 each.
Now the Co. wants to sub divide its Equity shares face value to Ra. 10 each share from Rs. 100 each. and also after subdivision the Co. wants to increase its ASC to Rs 8 crore which contain Rs. 3.5 Crore in equity and Rs. 4.5 in pref shares. I have prepared the documents for sub division of eq shares and increase in ASC by making notice of EOGM and passing the O/R for both purposes. Now My query is that what should I do in case of paid up capital of Rs. 1 lac. should i have also pass an O/R in the same EOGM or not because from the consequence of subdivision in Authrised equity share capital from 100 to whether paid up equity wil effect or not?

Dear all,
What are the consequences of not forming the remuneration committee and increasing the directors remuneration

What is the meaning of "Compounding of Offences under a section"

and

"Cognizance of offence by an authority"?

Dear All,

Pls tell me the procedure for incresing authorised capital of a public ltd. company.

Dear all,


Please provide the information about books/records/registers to be maintained at registered office of the company.



By Rami Reddy

One of our client alloted shares without increasing authorised capital in march 2009. Then after when directors came to know their default they passed a resolution for increasing authorised capital in September. And filed form 5 in september. Thereafter they filed Form 2 for allotment in January 2010.
I want to know what are the remedies in this case?

equity capital 100000 F.A. 200000
pref. S. Capital 50000
General reserve 10000 C.A. 128000
S. Premium 20000
P&l 8000
Workman compen-
sation fund 10000
(Estimated
claim 6000)
Debt. 50000
other Long term
laibilities 40000 Misc.Exp 10000
Current laibi-
ties 50000



how much amount of shares can be buy back by the company as per section 77A