Please advise us on the following:

There are two Public Limited Companies viz. Company A and Company B.
Mr.X is a Director of both these Companies and holding 50% of
shareholding in Company B.

To make Company B, a subsidiary of Company A, Company A want to purchase
the majority of shares held by Common Director in Company B at the price
arrived by Statutory Auditor.

The above transaction is within the limit prescribed by Sec.372A of
Companies Act and Company A passed unanimous resolution at its Board
Meeting.

Whether approval under Sec.297 or any other section of Companies Act is
required.

can any one provide me any section or case law(s) for establishing the fact that "passing of a resolution does not create any legal obligation on the company"

what will be consequences if any director of the copmapny be absent form the three or more than three consequtive board meeting.................?

I have incorporated a co. but by mistake in registered office plot no of comany say 98 not given can i rectify these but summiting new form -18 or any other way to rectify it



thanking you

Mr X is a director of a Public company and this public company has contract with another partnership firm where Mr.X is Managing Partner. Whether this contract should be done with the approval of ROC or Central Government.

What should i do for the smooth working of this contract

A company has constantly taken amount from its sister concern in cash( Rs.300000), both have a same director.
The companies are not in any transaction with each other like sale or purchase.
is section 58 A and 58AA and 296 and there is any necessity to maintain register regarding section 301.
Also tell what points regarding this querry should be disclosed in audit report.

Which reference book should i follow for Law at PCC/IPCC level?????

How is the Munish Bhandari's Book for Law at IPCC/PCC level????????

Please solve this sooooon.

hey,frnds plz send me a notes on full company law to sairam.007@hotmail.com



plz any one can help me

Hi all

Can anybody let me know is there any FDI cap on investment in india. The company is in manufacturing of valves.
and also let me know applicable provisions,circulars

Thanking you in advance

GIRISH

Query :

A person is having Unclaimed Dividend (UD) from the year 1986 to 1993.
Whether he can claim the amount, as he is now intending.

Is it possible ? If so, what is the procedure to be complied ?

[UD has been transferred to general revenue account of central government].

Thanks for your valuable response.