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Vignesh
30 March 2010 at 16:52

Sec. 317 (3) Proviso

Dear Sir/Madam,

1. In XYZ Ltd. Mr.A was appointed as Managing Director for 5 yrs w.e.f 01.04.2007.

2. He can be re-appointed for a further period of 5 yrs w.e.f 31.03.2012 by passing a resolution on:

- 01.04.2008
- 01.04.2009
- 01.04.2010
- 01.04.2011
- 01.04.2012

which ones of the above dates can the rsl be validly passed.

Kindly clarify?

Regards,

Vignesh J



Anonymous
30 March 2010 at 15:30

sale of private limited company

I am holding 20 percent shares in a private limited company in kolkata I want to sell my holding at a fair price(and someone is willing to buy that). How do I proceed?
another 3 stake holders are also willing to sell total 80 % shareholders want to sell. another 20% holder is refusing to sell.
please advise ASAP



Anonymous
30 March 2010 at 12:35

Reg. EDIFAR and Corpfiling

Can any one guide me whether all listed companies are required to update the exchange submissions through EDIFAR and CorpFiling.

Pl advise.


Aditya Maheshwari
30 March 2010 at 12:28

Liquidation of Companies

What is the procedure for liquidation of a private limited company. The company has negative reserves and only assets are cash and bank balance and sundry loans given to directors.

Kindly guide as to what resolution needs to be passed, what forms needs to be filed and is appointment of a liquidator compulsory


Kavitha

Hi,

A company has been incorporated in the year 2008 and till now it has not carried on any business.Does it have to furinish the audited accounts while making the application u/s 560? cant it just give a declaration saying that there were no financial activities in the company and that the company has no assets or liabilities instead of furnishing the accounts?
Please guide


mahender
30 March 2010 at 10:14

Section 42 and section 4

Company "A" has a subsidary company "B" w.e.f. 06-01-2010. "B" is also a shareholder in company "A" another company "C" also holds 49.5% shares of company "A"

As per Section 42(3) of Companies Act, 1956 "B" can't vote in the meetings of "A" if voting power of "B" is reduced from total voting power of "A", than voting power of "C" would be more than 50% to the remaing voting power of "A"

Would "C" be the holding company of "A" as per sectoin 4 of the Companies Act, 1956?


swapnil
30 March 2010 at 09:59

public ltd company=listed vs unlisted

i)comparison between public ltd listed company and unlisted company
ii)advantages in unlisted public ltd


bhola muraw
30 March 2010 at 09:55

Receiving of Application Money

Can any Company receive Share application money in cash?
Provide details with section refrence?
Its urgent please...


Savita
30 March 2010 at 09:16

Subscription list

What is meant by the term 'Subscription list'?
Also explain the meaning of the pharse "time of opening of subscription list".

Thank you.


bhagwati saran
29 March 2010 at 19:39

Deemed Dividend

Dear All,

Good Day,

Pvt. Ltd. Company gives a Unsecured Loan to it Sister Concern Ltd Company Rs. 20.00 Lac Directors or Share Holders are same in the both Company. Two Shares Holders having >20% shares in both also.

Whether the payment of Unsecured Loan will be Deemed Dividend or not.

Is any other consequences will arise against the same.

Please advise






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