A compamy has cumulative preference share capital of Rs. 2 crore. for the year ending 07, 08 the company doesn't had profits to pay the dividend but during the year 08-09 it paid the dividend for the years ending 07, 08 out of the profits of the year 08-09. After paying the dividend of earlier years it doesn't have enough profits to pay dividend of the year 08-09 but the company has enough bank deposits. Is it possile to pay dividend in advance even though the company doesn't have enough profits

A Private Limited is in the business of medical & allied sciences.

The company has earned income in the form of CLINICAL TRIAL FEES.

Whether this income should be put under 'Domestic Turnover - (iii) Sale or supply of services or

Simply, mention as 'Other Income' - I feel this may not be appropriate.

The appropriate one may be 'Supply of Services'.

Can the experts confirm my understanding to enable me proceed on the matter ?

Can a company registered under sec 25 take loans from directors and if yes to what extent?

Sir,
Recently we have been appointed as a statutory auditor of a pvt ltd company.
We have filled the casual vacancy because previous auditor has resigned.
I want to know is there any form needs to be filed with roc by the company for egm(i.e.the meeting in which auditor is appointed)
I also want the format of intimation letter for appointmnet of auditor in case filling of casual vacancy

One of the director is holding 29% of the total paid share capital (also voting power to that extent)in M/s. ABC. He is also a director in M/s. XYZ in which he holds 1% of the total paid up share capital.Both the company are private limited company.

M/s. XYZ has granted loan to M/s. ABC. M/s. ABC is paying the interest on the same.

My query

Do the said transaction comes under purview of section 299 of the companies Act 1956?

REgards

Manoj

What are the procedure to condone the delay in filing form no 8 with Registrar of companies if the delay is more than one year.

If yes then why the word LIMITED is not the ending word of the name of the same?

My two friend opend a pvt. ltd. company .they two are director of company and eaqul share holder .now i invest the mony in that company. i want to know they two transfer the share in my name in such a way that shares are equaly divided bitween three of us. Beacuse of i am new for this field i dont know about the paper work. please tell which paper i have to kept as a proof that i has equal share in the company. how can i know share is transfered in my name

Query regarding the holding of AGM and due date of AGM for the following companies :

A Private Company.

Date of Incorporation :18.03.2008
Financial Year end date :31.03.2009
Date of First AGM :17.09.2009
Due Date of AGM :17.09.2009

For A, I am considering 18 months from Date of incorporation.

B Private Company.

Date of Incorporation :12.05.2008
Financial Year end date :31.03.2009
Date of First AGM :30.09.2009
Due Date of AGM :31.12.2009 (or 11.11.09)

For B, I am considering 9 months from the financial year end date 31.03.2009.

Experts may express their views and clarification for my understanding.

When a company newly registerd in ROC the initial capital of two promoter director are shown in MOA can there is some form to be filed during registration for first issued subscribed & paid up capital of pvt. company.

Or it is the MOA which is enough for first paid up capital.

On MCA website in the Master data of company the Authorized capital showing 5 lac but the paid up capital shown is 0.

How can i get it corrected in MCA site so that i can file Annual Return of company. What are the proof required.

Please advise.