If company is paying professional fees to its director. Is it necessary that such director has to be authorised to act as such?
What compliances have to be complied with?

Sirs, can anyone explain me that who are required to sign Corporate Governance report. Is there any duty of statutory auditor to check the corporate governance.

Please provide solution for the following case:
There is a company with partnership as
Public company : 50% (shareholding)
1stFI : 35%
2nd FI : 10%
3rd FI : 5%

Now company is having financial problem,
whereby public company have funded the company. but 1st FIs is not at all funding to the company nor ready to transfer its share to other partner or to a third party.
Public company wants to drive out 1st FIs, what is the solution for this problem.
Also, public comany does not want to terminate the agreement with other FIs.

Pls share your experience, knowledge.

thansk & regards,

Query: ABC SEZ limited a company incorporated with the authorized capital of Rs. 50 crore and paid up capital is Rs.35 crore and the company is appointing the whole time director and the reumeration of the whole time director is Rs. 232000/- p.m. What is the procedure to appoint the whole time director and is it neccesaary to take the approval of central government? please note that the company is incorporated with the word SEZ

Sir i want to know what is a penalty, if a comapny has made default in useing securties premium for other then the specified use

A partnership firm has been taken over by a Private Limited Company.
I would like to know any contract made in partnership after take over vaild.
And how can the partnership firm be closed completely. And the process involved.

Thanks in advance

If a Machinery which is already depreciated (Put in Use and commenced production) is temporarily stop for a certain period in a financial year. In the FY can depreciation be calculated for the total no of days or it is to be calculated only for the days it is used.

Dear Friends,
We are working in a company which has Group of Companies.
We have more than Ten Public & Pvt Limited Companies, Firms, and Proprietorship Concerns. In Companies some Directors are common, in firms the same persons are Partners & in Proprietorship concerns they are proprietor.

These all concerns have transactions in between themselves (Purchase / Sale / Loan).
Whenever we open any new concern it takes loan from Old concerns.

My question is whether we have to take Central Govt approval for the same?

We purchased 5 pcs mobile @ Rs.4000/-(Total amount Rs.20000/-) in one vat invoice.
So, as per Company act, can we get 100% depreciation for each mobile because each mobile value lessthan Rs. 5000/-?

can u tell me on which documents a company can affix its common seal