Guest
18 March 2010 at 19:55

Section 25 Company - Private Limited.

Dear Experts,

Query regarding forming a Section 25 Private Company Limited by Guarantee without Share Capital.

1. What is the minimum number of members ?

2 (IS IT RIGHT)


2. What is the minimum number of
directors ?

2 (IS IT RIGHT)

3. What is the maximum number of members ?

50 (IS IT RIGHT)

Query regarding forming a Section 25 Public Company Limited by Guarantee without Share Capital.

1. What is the minimum number of members ?

7 (IS IT RIGHT)


2. What is the minimum number of
directors ?

3 (IS IT RIGHT)

3. What is the maximum number of members ?

50 (IS IT RIGHT)

I shall wait for the Experts' confirmation for my above queries with answers.

Thanks.




CS Ashish Jain
18 March 2010 at 16:13

Section 274(1)(g)

whether section 274(1)(g) is also applicable in case of nominee directors.

If a public company which has not filed its AR and BS for the last 3 F.Y. and one of its director who was just appointed 1 year back so whether he will also be disqualified us 274(1)(g) since for the first 2 F.Y. he was not the director of the company.

Whether it is necessary that director should hold the office for all the 3 F.Y. in which default was made.


Vishal

A pvt ltd comapny is in receipt of share application money from its non resident parent comapny. The money is received in USD and the board resolution was passed for alloting X number of shares to the parent comapny for the amount of capital invested in USD at an agreed exchange rate of USD 1 = Rs. 44.

All the shares were alloted for the complete share application money but due to difference in exchange rate agreed in Board resolution and rate at the time of actual receipt in bank account, the pvt ltd company recorded a exchange gain of 2 lacs.

Are there any restrictions on using this money by the company?
Does it need to repatriate this amount to parent company abroad as per FEMA / RBI guidelines ?

Are there any timelines to do it? If the time lines have expired and the amount is still with the indian company what are the legal consequences?


deepthi
18 March 2010 at 13:24

Sec 299

Dear Sir,

Consider the following case,
Mr. y is the Brother of Mrs. X.

Mr. X and Mrs. X are directors and 100% stakeholders of X P. Ltd...

Mr. Y and Mrs. Y are directors and 100% stakeholders of Y P. Ltd.

XPL enters into a contract with YPL for supply of goods.

Is Sec 299 applicable?


KOMAL
18 March 2010 at 12:11

Circular Resoltuions

Pls provide the rules for passing any resoltuion by way of Circular resoltuions


Vignesh
18 March 2010 at 11:55

Form 24AA - No. of yrs to prsrve

Dear Sir/Madam,

The Companies (Preservation and Disposal of Records) Rules, 1966 mentions only 4 docs.

Are there any Rules for the complete list of docs and records under CA Act?

My Specific Query is for how many no. of years are the Form 24AA needs to be preserved?

Kindly clarify.

Regards,

Vignesh J



Anonymous
18 March 2010 at 10:26

Share transfer

We are planing to transfer some of the shares of A company to B company and C company on back dated suppose on 26 Oct 09. We have arranged share transfer form, but I would like to know while paying stamp duty whether there will be any problem as the same is backdated.

Kindly advise me on this matter



Anonymous

Which is the best form of company (Prorietership/Partnership/LLP/Limited Company) to do software Service business with a foreign company ?

From following point of view
1) TAX
2) Ease of operation
3) Any special provision for STPI/SEZ

Thanks.


Amruta
17 March 2010 at 18:39

Holding and Subsidiary Company

is a pvt. co, 51% of whose shares are held by a company incorporated outside india and the remaining 49% is held by another pvt. company incorporated in india, treated as asubsidiary of a public company? Do help.

Thanx.
Amruta



Anonymous
17 March 2010 at 14:27

board meeting

is it complusory for a private limited company to hold board meeting once in every quarter? if any private company did not comply then what is the consequences under the indian companies act,1956?
please clarify with case law if any.






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