can any one suggest me on whether can a company can issue shares of same class with different face values.

We are a private ltd company. 50%of the shares of our company is held by one of our group company A ( pvt ltd).

Now Group company A wants to transfer its shares to another group company B (pvt ltd). Please tell me, whether Cmpany A can transfer the shares at Par value to Company B or is there any procedure to treat differently. As all are private limited companies I feel that I can transfer at Par.

Please advice.

please also send relvant provision to my mail id ramprasad@rksbbdo.com

Dear All

Can anybody help me to draft Memorandum and Articles of a Private Company. For e.g What are all the main aspects to be spelt explicitly in the Memorandum & Articles and what all are implied if the Articles are silent etc which would be taken care by the adoption of Table A.

My email id is ramprasad@rksbbdo.com

The Govt of jammu and kashmir holds 53% of shares in The jammu and kashmir Bank Ltd. As per the company law, it is called a public ltd company. But the actual position is that it is called as private bank. why.

Chankya Dubey.

I have a query with regard to re-designation of a regular director to Whole time Director.
When the Board Meeting was passed in december last year, subsequently Form 23AC was filled. Now this issue has been kept for shareholders approval in the coming AGM however Form 32 for the said director has already been filled with Form 23AC though there is no contravention of any law but technically should'nt Form 32 be filled after shareholders approval(in AGM) ?
Please let me know where if iam taking a wrong look at the procedure.

Dear Sir,
Please provide us
1. What are the procedures for the payment of remuneration of managing director in case of no profit or inadequacy of profit?
2. what are the Procedure for registration under Micro, Small & Medium enterprise.

Thanks & Regards,

Chetan

From 28-09-2008 onwards a declaration in stamp paper stating the evidence of payment of stamp duty is a mandatory attachment to Form 32 in case qualification shares are taken by Directors. What is the value of such stamp paper. Whether subscribers to the memorandum should also comply this requirement.

MR.A HAS BEEN APPOINTED AS ADDITIONAL DIRECTOR ON THE BOARD OF ABC LTD ON 12TH SEPT 2008. MR. A HAS FILED HIS CONSENT TO ACT AS A DIRECTOR, IF APPOINTED, ONLY WITH THE COMPANY. WHETHER HE IS ALSO REQUIRED TO FILE HIS CONSENT WITH THE ROC?

Can a NRE be a director or trustee???
Asking from ROC point of view

Do we need to complete some specific requirement as per company law.

kindly advise.

A Pvt.Ltd.company took a secured loan from a public sector bank. Charge is not registered with the concerned ROC. The company is unable to payoff the loan. Can the bank take recovery proceedings /action against the Directors of the company under the companies act,1956.