Narendra Verma
07 May 2010 at 14:11

Redemption of Debenture

hi,
A public co. failed to redeem its debentures which were due in 2009. Now co. wants to redeem the same in the financial year 2010. pls explain the procedure involve and compliances.


CA.M.V.RAMACHANDRA RAO

difference between voting rights and differential voting rights



Anonymous

Dear colleagues,

I have this case where a private limited company has just got converted into a public limited company. There are 3 Directors in the company. One is the promoter Director, second is his wife and the third is an employee who has been appointed as a Director. The promoter Director has become an NRI. Neither the promoter director nor his wife receive any remuneration. The wife is not involved in the management of the company. The remuneration received by the employee who has been designated as a Director is revealed as remuneration paid to a whole-time director, in the financial statements.

Is the above constitution of Directors right? Does anything need to be done to rectify? How does one constitute an Audit Committee for this company?


Guest

ABC Private Limited appointed X as Additional Director on 01.09.09.

Company had AGM on 30.09.09.

Company failed to regularise X as a Director in its AGM.

Company had EGM on 01.10.09 regularising X as a Director.

Company proposing to file Form 32 for change in designation as a Director.

Experts may give their views regarding any non-compliance on the matter.



Anonymous

Dear sir,

Our partnership firm (Urvashi Real Estate)is still actively running its business. We would like to convert it to LLP format, so can we simply convert to LLP just like registaring a new firm or anymore formalities have to done.

Like dissolution of partnership firm,which is under Partnership act 1932

or anything like that.

Kindly give us suggestion.


rahul nagori
06 May 2010 at 16:14

sec. 257

if company wants to appoint only one director , in AGM & for that they recieve application from four person to bcome a director , on the board of directors already they have 11 directors & they dont want to amend articles also , what should be the procedure for their appiontment ?
plz reply as soon .



Anonymous
06 May 2010 at 13:25

CORPORATE LAW

WHAT IS THE NEXT PROCEDURE when we receive incorporation latter IN private limited company?
how we manage account as per rules?
recuritment process as per rules ?
in private limited company


Abhishek Sharma
06 May 2010 at 11:24

Quorum as per section 300

Hi! I have a query regarding appointment of a relative of the director as an employee. As per section 314(3), special resolution is required where the directors or relatives of the directors are appointed on office or place of profit. As per section 300, interested directors cannot participate & vote in the meeting. But, in my company(limited by shares), there are only 6 shareholders and all are relatives of each other. In this case how can the quorum can be maintained as all the directors are relative to each other. Please help.


CA. Sukhdev Singh

A PVT. LTD. REGISTERED BUT STARTED NO ACTIVITIES NOR FILED ANY PAPER WITH ROC. NOW IT IS TO BE WOUND . WHAT FORMS / DOCUMENTS TO BE FILED WITH ROC / ANY OTHER AUHORITY.


sunil sharma

He guys reply ASAF,
If a MD appointed on F.Y. 2007 for Five years
On F.Y.2010 Of Which Year Effective Capital would be Taken Considration for calculating Remunration Under Section II of Part II of Schedule XIII as loss for current year?






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