Is there any time limit withing which the shares are to be allotted in respect of share application money received ?

Whether share application money can be utilised for carrying on the business ( without allotting shares ) ?

Thanks in advance

Dear sir

could you plesae help me in case of private limited company wants to shift the registered office with in the state is that compulsory to give advertisement in news paper???

From bipin
mail bipin33@rediffmail.com

As per the sect 224(1) in case of government companies for the appointment of auditor special resolution is required to be passed in the general meeting.

I want to ask that whether explanetory statement is required to be given in the notice of the general meeting for the appointment of the auditor.

whether it is a ordinary business or special.

One of my friends advised to form Employees Gratuity Trust to get Tax Exemption on payment, but I did not understand. Please friends clarify my doubts.

1. For What purpose we have to open an Employees Gratuity Trust? Only Tax purpose or any other benefits?
2. Without formation of Trust can we get tax exemption on Gratuity Expansion to LIC Department? IT Department can allow like this transaction?
3. What is role of Trust? How it is work between company, employee and LIC Department?
4. Can we pay Gratuity amount to direct LIC Department instead of Trust?
5. How much balance we should maintain in Trust Account and LIC? Can we park more then our liability at Trust?
a. Means actual Gratuity is Rs.5, 00,000/- can we park Rs. 10, 00,000/- in Trust?
b. After some time if we required fund then can we withdraw from Trust account (which is kept more than Liability) for Company uses? IT department allow for that transactions?
6. If company closed before 5 years, so, no one employee complete 5 years as per act. Then what about Gratuity Fund? Can company get back that amount from LIC or Trust or we have to pay to employees? Then what about Trust existence?
7. If company exist more then 10 years but no one employee work more then 4 years, then fund will have more then required, then that time also we have to pay Current year Gratuity liabilities.
8. Trust can invest amount in likes FD’s and Mutual Funds to raise income? Instead of putting more amount in LIC? For those earnings we have to pay any taxes?

Sir,

I had filed Form - 8 with delay of 60 days.

kindly send the ROC Procedures with Clarity.

My Roc is situated in Chennai.

as per provisions of co law - variation in voting rights of preference share holders deemed as variation in rights of equity sahreholders also. please tell me how this is to be undestood ?

1.Can anyone give me the procedure on rights issue.

2.the drafts required for the same.

3. Why the company goes with the rights issue

4. What are the other methods?

Thanks in advance............

In private limited company, director can buy the share from the members.

Member can tranafer shareto the company only or to directors.

Sir, which date i have to put in Point no 4.of form 23AC " date of board of directors meeting in which board report referred........to under section 217 was approved " also date of signing boards report. whether balance sheet date or director report date?

My question is : One CS can be employed in two company at a time including subsidiary company