Ankur Garg
24 September 2009 at 12:49

Query: Issue of Bonus share

In a public company’s shareholding pattern there are 10 shareholders. Is it possible to issue bonus shares to only 4 members with the consent of all members through a general meeting?

Or is it necessary to issue bonus shares to all 10 shareholders?

Company is authorised by its articles to issue bonus shares.

This is one of my friend’s query and he is not satisfied with my answer. I urge you all to provide some solution.

Thanks & Regards


Manmohan ACA, CS
23 September 2009 at 20:51

CS economic

How to tackle Economic law (means MRTP, competition Act, IDRA and foreign trade policies). means they are a bit monotonus, I have completed 1100 pages Company Law, but can not complete 200 pages of Economic law, as it is too monotonus and can find logic behind some topics.
help me


Deepika Rathore
23 September 2009 at 12:18

Preliminary Expenses

Please tell me the procedure to write off the preliminary expenses as per companeis act. 1956


Deepika Rathore
23 September 2009 at 12:12

Preliminary Expenses

Please tell me the rules of write off priliminary expenses as per Companeis Act. 1956 as soon as possible


CS.Ranjani
23 September 2009 at 07:28

Pvt Co. AGM

Whether a closely held pvt co (not a subsidiary of any pub co.) with 2 directors and same 2 as shareholders both are NRI's, hold its AGM in a place outside india.

As per Sec 166(2) its states that agm to be held in the regd off or within the city limits, wheareas the second proviso (b) to the section states that a private company not a subsidiary of pub co may in the like manner and also by resol agred by all the members thereof fix the time as well as place for its AGM. If this is so can i interpret that a pvt co. can hold its AGM outside india.


Soumitra Chawathe
22 September 2009 at 19:58

AS-18

In Form 23AC / ACA, we have to mandatorily write the Gross value of transactions with AS-18 parties. My queries:

1) Who are those parties?

2) What should we exaxtly look in the Balance sheet / P&L A/c to get the AS-18 figure (e.g. directors remuneration, etc). Please give a list of all the probable items appearing in the B/Sheet and P&L A/c


CS Jignesh Mistry
22 September 2009 at 11:39

consolidated stamp duty

dear all,
could any expert guide me how to pay consolidated stamp duty. the case is ABC Pvt Ltd acquired 100% stake in PQR Ltd.
the share transfer form is already signed by transferor favouring transferee.
since it is Tranfer form is already signed bank will not accept / frank stamp duty.
then how can i pay the stamp duty.
the only possiblility i think is consolidated payment. then can anyone guide me about process to pay consolidated stamp duty with compounding penalty or interest.
it is very urgent...


Guest
22 September 2009 at 01:02

Additional Director Regularisation

Regarding Additional Director regularisation :

As per provisions of companies act, the company (Private Limited) is supposed to regularise the Additional Director as Director in the AGM.

Suppose, if the company did not regularise the Additional Director in the AGM and that Additional Director also continuing his directorship and signing the directors reports and documents on behalf of the company, what will be the impact and remedy to regularise the Additional Director as Director.

I look forward to receive response on the matter.


Pankaj Khodaskar
21 September 2009 at 17:24

Board Resolution for issue of shares

Can anyone provide me sample of board resolution for issue of shares pursuant to merger?


ASHISH DARAK
21 September 2009 at 13:27

Additional Director

Notice calling AGM has been despatched to the members. Now Board has appointed two additional directors before AGM, what course of action should be taken.

Please confirm additional directors can be appointed by board by way of resolution by circulation.






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