Mr. X is appointed as Manager under the Companies Act in Company A which is 83% subsidiary of Company B. Company A is a profit making company.

We want to appoint Mr. X as a director to look after day-to-day affairs of Company C which is a JV company with an Overseas Company and 51% subsidiary of Company D which in turn is a 100% subsidiary of Company B. Company C is not a profit making company. If appointed as a director of Company C; then Company A wishes to get reimbursed a part of salary of Mr. X from Company C. Mr. X will not draw remuneration from both the Company, but from one company only. The Company that pays remuneration wishes to get say 40% of the salary reimbursed as if Mr. X is on deputation from Company A to Company C.

How to go about this???? Will Company A show the entire salary as its managerial remuneration or is it that only 60% will be shown by Company A and 40% will have to be shown as managerial remuneration by Company C.

procedure of serching availabity of new company name

I want to know the detailed procedure for Incorporation of a New Company with ROC?

Lets assume a situation where a shareholders resolution by which he was appointed states that 'his appointment is valid for a period of 2 years from the date of appointed', then please clarify what would be the date of retirement of such directors. Is it the date of completion of 2 years or the date of next meeting. The company in this case is a private company and the articles are silent regarding rotation of directors.

Case Study:

Our Company is on growth path. it has achieved good numbers over past few years. For further business push, the company is on look out further fund mobilization. The Promoters are ready to dilute their holding by offering some fresh shares to some strategic investors.

Now the question are:

* different modes of raising finance


1. checklist for raising finance through this mode.
2. all legal compliances before and after raising finance
3. any approvals to be taken
4. forms to be filed
5. in case of foreign investors-procedures and compliances.

Hello friends,
Can anybody me tell me the Calculation of Arms Length Price transaction and its certification as under 297 (Related party transaction) of the Companies Act, 1956?

its urgent

Thanking you

What is the procedure to be adopted if a private limited company intends to appoint new statutory auditors for the financial year 2009-10 and remove the existing auditors?

What will be the Depreciation Rate as per Company Act,1956 on Domain Name Purchased.

For some reasons the Directors Report of a Private Limited Company is not ready.However the Company has approved and adopted the Financial results at the AGM.



Is it possible to file the balance sheet and P/l without director's report and notice??



Pls suggest

Thanks in advance

Priya

RESPECTED SIR,
I HAVE BEEN APPOINTED AS AUDITOR OF A PRIVATE LIMITED COMPANY WHETHER IS IT NECESSARY TO INTIMATE TO THE REGISTRAR WITHIN 30 DAYS FROM THE DATE OF INTIMATION OF APPOINTMENT RECEIVED FROM PVT CO.