can i appoint two manager's ? and wether both these managers has to be employees ?
if yes than my query is "if there is one manager who will be whole time and will look after the substantial business according to the act than what will that other director will do???

pls. let me know what is the ROC. who is laible under ROC return.what is the last date for filing ROC & what is the Doc. reqiured.?
thanks in advance.

Dear all,
Pls help me out:

What are the compliances come into picture under Companies Act if the private limited companies providing any club membership facilities to its directors even Directors are not taking any remuneration from company?

whether should i pass resolution for the same or adjust in the employees cost for income tax purposes?

Pls suggest the option if any for Companies act as well as income tax purposes

waiting for reply,

Thanking you,

CS SK Kagade
Bcom, CS, LLB

Dear member i want to know that if a company is not filing its income tax return and Roc returns like 23AC, 23ACA and 20B so what are remedies to restart that company.

Dear members,

Good Morning,

Please clarify can we change the section quoated in the Form 21.The form is alraedy approved by the ROC.
If we can not change then what is the mode to rectify such wrong quoating of section in the Form.
Thanks & Regards,

Dear all,

I have a query from one of my relatives:

Background:

Mr. X is doing business in India as proprietor and also in the name of his HUF. Now he wants to establish a company in singapore. He is not a director in a single company in India.

Suppose he establishes a company in Singapore with 99% shareholding. He will also get salary as a Director from Singapore Company.

Queries:
1)Whether Mr. X requires to apply for DIN in India?
2)What are the other provisions applicable in India with regard to Companies Act, Income Tax Act, FEMA, etc.?
3) Any other important aspects which needs to be borne in mind?

Please reply ASAP.
Thanks.

A pvt ltd co is going for private placement of its shares.Will the status of the company change only if after the private placement the number of members increases beyond 50

A Public Ltd. Company taken a loan of Rs. 50 lacs on 31.03.2007 from a Pvt. Ltd. Company. On 31.03.2008, loan amount converted as share application money.

So, the money is shown as 'Share Application Money' since 31.03.2008 and not utilized yet.
My question is:

1. How long the money can be held by the Public Company?
2. Can the money be refunded without allotment of shares?
3. Can the money be utilized without allotment by Public Co.?
4. Can Pvt. Co. show it as an investment?

I look forward your cooperation.

After receiving the share application money, what is the time limit for alloting the above shares? Is there any difference in provision if the company is Public or Private or deemed public company?

When a Director resigns,
~ what are the steps or documents should be obtained?
~ The Director who is Resigning, his name already mentioned in MOA & AOA, but, his DIN had been rejected ( Resigning Director doesn't have DIN ) - Then What to do for the further procedure in ROC?