We have an authorised capital of Rs.500000/- (50000 shares @10). we subscribed the capital of Rs.300000(30000 shares @10). we would like to issue the 10000 shares to two new parties at the price of Rs.25(Rs.15 premium). Please help me on the proceedures of issuing shares and share certificate of this pvt Ltd company.

Section 295 prohibits company to make any loans to:

a) any director of the lending company, or of a company which is its holding company or any partner or relative of any such director;
b) any firm in which any such director or relative is a partner;
c) any private company of which any such director is a director or member;
d) any body corporate at a general meeting of which not less than twenty-five per cent of the total voting power may be exercised or controlled by any such director, or by two or more such directors, together; or
e) any body corporate, the Board of directors, managing director or manager whereof is accustomed to act in accordance with the directions or instructions of the Board, or of any director or directors, of the lending company.



Query:


Where a Public Limited company makes loans to a Private Limited Company in which no director of public limited are director/relative/partner in private limited. Subsequently, one of the directors of public limited becomes director in private Limited. Whether, it is contravention of section 295 of Companies Act.

I WANT TO KNOW THAT IN A PVT COMPANY THERE IS REQUIREMENT TWO DIRECTORS ARE NRI OR THERE IS COMPLUSION ONE INDIAN DIRECTOR IS INDIAN

Hello,

Could some one explain, what would be the most tax effective way for a foreign company to establish a manufactoring and selling business in India with raw materials imported from overseas and assembled in India and finished goods sold in india

Thanks

Uday

I have not got reply to my query about NSC if any one has any Idea plz reply.

Where can I find the Latest definetion of SSI on the net ?

hiii,
could any body guide me how to incorporate a company.
plz gv me full procd .

What are the forms to be e-filed with ROC for intimation change of auditor arising on a casual vacancy after passing in Extra-ordinary general meeting?

Under Companies Act, Is it permissible to form a company(pvt. ltd) with all shareholders and directors being Non-Residents???

Plz ans to above query in detail plz
Thank you sir

A listed company Board comprises of:
1MD,1ED,3 Non-Ed(2 are independent).
Total board Strength is 5.
Md, ED- resolution appoints them for period of 1 year,
Artciles say " MD/WD shall not be liable to retirement by rotation."

Is Section 255 complied??