As per the provisions of section 77B of The Companies Act 1956 a Company cannot Buy-Back its Shares throught any subsidiary comapny including it's own subsidiaries.
Can anyone please explain me the logic behind this amended provisions as to why law has specifically prohibited the buyback through such mode?

we have a private company in which their are 4 directors, out which 2 directors are retiring and their share is taken by one of the director , i wanted know along with form 32 what should i file with mca, and what are the attachments to form 32.is their any other form should i file for transfer of share and I wanted to know for transfer of share we have to pay any stamp duty . I want to know about qualification of share. please reply me soon

Is there any procedure of Filing Form 32
for removal of a director from the board without resignation letter, Din 2 ( not willing to submit)?

Can a pvt ltd company or a public comapany be a "popreitor" of a proprietor ship concern.

If no, where in law/case law has it been prohibited?

If yes, will the propritorship be a seperate entity?

thanks in anticipation.

Pooja

Kindly clarify that trusts( education, marriage) can invest in shares of listed/ unlisted companies?

Hello, Please suggest me 3-4 names for a Pvt. ltd. Company whose main object is-

"to carry on the Business of undertaking Turnkey Engineering Contractors, planning and project execution contractors to individuals, firms, companies and other persons in relation to petroleum retail outlets, crude & refined petroleum oils, natural gases, oleasgenous & saponaceous substances, and to act as, managers, co-managers and providing services for general, technical, quality control, project identification, tie ups and all services to oil companies, oil field services.
There is two Company who are the promoter of the Company viz. Hexagon-Midco India Pvt. Ltd. and Oilco Services India Ltd.

First our Director also decide the name as Hexagon-Oilco Pvt. Ltd. but they disliked that.

now u please suggest name which does not include the words of Promoter Company name

Hello, Please anybody can provide me the detailed procedure for changing the subscriber of MOA and AOA.

Actually, there is a pvt. company whose subsriber to MOA are two other company, one is Public Ltd. Company holding 9000 shares in the company and another is Pvt. Ltd. Company holding 1000 shares in the company.

The total authorised capital is 100000 Rs. divided into 10000 Eq. Shares of Rs. 10 each.

or another thing is that in fact these two subcriber did not subscribe for theses shares only we've shown in the MOA.

now pls tell the procedure for how these two company can cease to be a subscriber from MOA?

its urgent.

Please any one tell me is there any way to find the name and address of company, whose registered office is at Nanded.

Can i get the details of company registered in my city either from MCA Website or elsewhere.

In a private Ltd company,A Director is withdrawing amount of Say Rs. 10,000 per month and it is treated as his Drawing A/c.
1. whether this treatment is correct?
2. How it should be Treated as per Companies Act?
3. Which section speaks about this?

Hello, Please suggest me 3-4 names for a Pvt. ltd. Company whose main object is-

"to carry on the Business of undertaking Turnkey Engineering Contractors, planning and project execution contractors to individuals, firms, companies and other persons in relation to petroleum retail outlets, crude & refined petroleum oils, natural gases, oleasgenous & saponaceous substances, and to act as, managers, co-managers and providing services for general, technical, quality control, project identification, tie ups and all services to oil companies, oil field services.