sir , regarding the form fc-gpr which needs to be issued to rbi signed by the auditor i have the followiung doubts:
1- it says about the method of valuations- the com has randomly issued shares at rs.100 per share. so what shd the auditor do
2-all method of valuations talk about average of 3 years. this has just set up in april 2007 and no previous balance sheets are available.
3-the shares are issued on 11th july 08 and period of 30 days has already elapsedwhat to do
4- if i have to advice a newly opened software company which is a subsidiary of a foreign company regarding the method of valuation of shares. then what can it be
kindly let me know at ur ealist sir its very urgent. thanking u in advance

WHILE FILING FORM NO 1 (CO. REGISTRATION)OF A PRIVATE LIMITED COMPANY IN CLAUSE 2(a)(ii) SUB-CATEGORY IS SELECTED AS "STATE GOVERNMENT COMPANY",BY MISTAKE,INSTEAD OF "INDIAN NON-GOVERNMENT COMPANY".MCA21 AUTHORITIES ALSO DID NOT NOTICE THE MISTAKE.THUS THE COMPANY IS REGISTERED UNDER "STATE GOVERNMENT CATEGORY"AND CERTIFICATE OF INCORPORATION IS ALSO ISSUED ACCORDINGLY. IN THE CIN INSTEAD OF....PTCO...IT IS GIVEN AS....SGS.... IS THERE ANY PROCEDURE TO RECTIFY THE MISTAKE.

Hi,

I need format of a Board Resolution for take over a partnership firm by a private limited company. The shares of the Partners shall become the unsecured loan to the company after take over. Befor take over, the partners have become the members of the private limited company.

regards

Sonika

I am in audit of Private Limited Company. Is there any provision or say in companies Act regarding the personal expenses of Director. In Income tax Act, the same expenses has been disallowed. The nature of Director Expenses is the education fees for their children. IF there is any provision in companies act, pls reply me the section number.
Thanks.

What are the difference between whole time director and managing director with respect to their appointment, tenure etc. please answer this in detail?

Any one can please confirm whether the Secreterial Standards 1 to 6 issued by the ICSI are applicable to Private Companies in the respective areas or not.

I think still the standards are not Mandatory even for the Public Companies.

Pls let me know asap.

wat is the procedure for transfer of shares in case of a pvt ltd.?

Are any forms required to be filed with the ROC?

Please it is urgent

depreciation as per companies act should be calculated from the date of acquisition or from the date when the asset is put to use?

Although, the companies act allows foreign citizen as directors and the the banking regulation act follows the companies act as far as appointment of director is concerned (please correct me if I am wrong)...

Can a Foreign Citizen be a director in a Banking Company in India?

Thanks for response in advance.

Hi,

Can a company which has been struck off under section 560 of the Companies Act, 1956, sell its land or any other property to any one.

regards,

Sonika