No of shares allotted-544880
Nominal Value Rs 100
Total Nominal Amount-54488000
Amount paid per share Rs 20
Total amt paid on application-10897600 this is the actual scenario.

But in Form 2, though the shares were partly paid , by virtue of topographical error it was shown as below:-

No of shares allotted-544880
Nominal Value Rs 100
Total Nominal Amount-54488000
Amount paid per share Rs 100
Total amt paid on application-54488000.

The actual amt received on allottment is RS.20 per share on 544880 shares ie Rs 1,09,97,600 but in form 2 it is shown as Rs 100 received on 544880 shares ie 5,44,88,000.

The form 2 was filed in year 2006.
How can this mistake be rectified in ROC records?
Please reply at the earliest.

I have filed Form 1, form 18 as well as Form 32 for a particular Company. The MCA has sent me a mail saying that SCANNED COPY OF PASSPORT DULY ATTESTED BY AO needs to be filed in an Addendum in Form 67.What does 'duly attested by AO' indicate?

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.

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.

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?

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?

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

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

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

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.