can capital reserves be utilised for the purpose of issue of bonus shares, given that the capital reserves are insufficient to meet the need of the entire issue.
Thus should the capital reserves be first exhausted and then the accumulated profits be used.

Sir,

We have been directed by RBI to submit a valuation certificate for issue of equity shares of a private limited company under the erstwhile guidelines of the controller of capital issues order.

can any one inform me the guidelines or format of the certificate??

Thanks
J Ramakrishnan

Procedure for transfer of profits to general reserve as per secretarial purview and resolution required to be passed in case of companies does not declared any dividend for the year

Please let me know who are designated directors in the company. Is there any qualifications for such directors.

Can some one send me a draft petition format to be filed with Mumbai ROC u/s141. I do have the southern region format. I only need to know the stamp duty and other formalities for the Mumbai and Ahmedabad ROC. Please.

Sir,

can a person be eligible for minimum wages if he works after office hours and earning Overtime allowance which is more than his eleible minimum wages?

that is

a person's normal working hours is 1000 to 1700 hours. he has been put to work from 0800 to 0930 hours and earning around Rs.350/-. He has no work from 1000 to 1700 hours for the entire day. If his minimum wages is Rs.148/- what is the amount payable to him for that day?

whether it is Rs.350/- only or
Rs.350/- as OTA and Rs.148/- towards wages?

Thank you sirs

Two foriegn citizens residing in malaysia are intereseted in forming a partnership firm for opening a training institute in bangalore. Can they form a partnership firm or only a pvt ltd company. In partnership firm, can it be a limited liability partnership?

Sir I am in process of incorporating a private limited company in which promoter director includes indian as well as foreign national. please let me know what is maximum permisible share holding by foreign natinal. Please also guide me about other requirement for foreign national promoter director. I am in very urgent need of your help. Thanks

Can a private company hold a statutory meeting or only a public company having share capital only can conduct a statutory meeting.

Can an NRI be a subscriber to the Memorandum of Association (MoM) and Articles of Association (AoA) of an Indian Company?
Under FERA there was a notification permitting NRIs to invest upto Rs. 10,000/- as subscriber to the MoA and AoA. However, FEMA notification 20/2000 is silent. Kindly let us know if an NRI/ foreign national/foreign company can subscribe to Memorandum and Articles of Association of an Indian Company and up to what amount?