Dear sirs,
We registerd a publc limited company in 1997 with an authorised capital of 50 lakh. Due to some reasons we cannot continue with that company and it has been left in-operate without winding up legally.
Now we have received one prosecution notice from ROC for not submitting returns for last years and I'm afraid the huge amount of fine mentioned in the letter (upto Rs. 500 per each day of default).
We don't have any share holders other than 5 directors who all are my friends and relatives.
Kindly advise me how can I close this issue, shall i go for Winding up or do some other thinks to resolve this issue easily,
Pls help
how many number of Directors Required in One listed Company?
Whether it is six or Seven
Sir,
Is that compulsory that the person mentioned in the Form 1A as promoter should subscribe the shares(to be mentioned in MOA)of the company????????
Suppose there is a Private Limited Co. and the Directors of the Private Limited will be generally relatives or friends, and if this company has 2 directors i.e., 2 persons are relatives say both are brothers. And if this company wants to convert it to public limited then can these two brothers become directors for the company forever ? Is it in their hands ? Or they will remain as promoters only ?
The Business idea belongs to these brothers and its a private company and if they wanted it to convert the company as public limited then they should have a min. of 5 lakhs as capital. And if the entire 5 lakhs are brought by these two brothers then can they only become directors of the company including some other relatives as directors to make it as 7 members ?
When these two brothers are bringing the capital 5 lakhs from their pocket then will there be any obligation that the directors should be appointed by central govt. or any other body ?
I have too many queries like this so please let me know the answers for the above queries and then later i'll post all my queries if any further.
If an auditor is appointed in a private limited company then can he be removed by directors any time ? Can the board appoint new auditor every year ? Is it compulsory that the auditor who is auditing the private limited company should continue as auditor forever ? Will the provisions of appointment of auditor which are applicable to public limited company is applicable to Private Limited Company also ?
If a private limited company wants to appoint new auditor after completion of F.Y then can they do so ? If new auditor is appointed then will he write to old auditor as a part of code of ethics followed in the case of public limited company is applicable here also ?
My friend wants to start NGO to serve people with disabilities or chronic illness.
I want step-wise procedure about how to start NGO i.e., Section 25 Company?
We are having partnership Firm form 3 years, but we noticed that somebody in last month trying to register our firm name by adding PVT LTD What is legal status, pls advise send email srk1261@gmail.com
If a pvt. co. is incorporated on 1.1.2008, then can it prepare it's 1st financial statement for 15 months i.e from 1.1.2008 to 31.3.2009 ?
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
Company Law