Dear Friends
Can a company Wholly owned subsidiary can purchase a land( for housing purpose) for commercial purpose. Kindly suggest me with explanation of DIPP and FEMA circulars.

regds
Arvind Sharma

Please tell me someone that can a non-producer person eligible to be elected as a director of a producer companny?If yes please refer me provisions of companies act or any relevant act.Can anyone do fast reply of this?


From Priyanka

sir,

We have accepted deposits from shareholders. We are planning to pay interest @12% on deposits. Whether it is obligatory to pay interest to all shareholder. Can we pay interest to selective shareholders.

PLEASE suggest in INCOME TAX & ROC point of view

hi Please help

I had applied DIN, but was rejected give the reason as The submitted application is duplicate DIN application i.e. an approved DIN already exists in this name.

And in another case DIN application was rejected giving the reason as Non-Availability of ID, what does it means

Please suggest me what action should be taken?

Thanks in advance.

A listed company A Limited intends to sale its undertaking to its 100% subsidiary company (sub co). For this purpose, as per section 293(1)(a) of the Act, the Board of Directors of A Limited will have to obtain approval of the shareholders through postal ballot. Whether necessary approval can be requested today to sale the undertaking with retrospective effect from 1 Oct 2009?

1)Is filing Form 23B is optional or mandatory for appointment of 1st auditor after its incorporation ?
2)since there is no penalty for late filing of F23B and Form 23AC can also be filed by entering srn no of F23B as Z99999999, now the query, is it mandatory to file F23B in every AGM even there is no change in auditor but reappointment of the old one.

I have to remove two authorized signatory from the current account and introduce new two authorized signatory, kindly give me a Resolution regarding this concern

Hi There,

Apart from Doing seld study. Could you suggest some good books for the Executive level. Some of my friends say that the text books provided in the ICSI itself shall suffice for CS executive level prg. Pls advice

The Memorandum of the company contain a clause that the company may from time to time by ordinary resolution increase or reduce the number of directors within the limit fixed by these articles.

The limit fixed by these articles is 12.

Now, the company wants to increase the number of directors from 12 to 15.

for amending the MOA, whether prior approval of RD is required or not?

HI ! dear friends my query is as

if all directors ABC LTD. and xyZ pvt Ltd are same and ABC Ltd's directors personally hold 100% shares of XYZ Pvt Ltd. will the company XYZ Pvt. Ltd be a subsiadry by virtue of only same directorship or holding of share?


Regards
sanjay srivastava