can one NRI & resident indian form a private limited company? If law permit what is the procedure to include the NRI into the company as Director. I know through companies act book, NRI to became director after obtaining DIN. Please give details for OTHER APPROVAL, may be RBI or any other approval body for allotment of shares, appointment of Director or Managing Director & funds flow from foreign to india for capital & other purpose.

as per section 297 of companies act, 1956 central govt approval is required where directors of one company are interested/ same in other company or partly same directors. Question is whether both the companies will have to take approval from central govt or any company can take the approval and it applies to both.

DEar Sir,

As per section 189(2)(c) of Companies Act, mentions that votes cast in favor of the special resolution shall not be less than three times the number of votes cast agasint it. Does it mean that any number above 25% of total share holder can block the special resoltion (e.g. 25.01). But normally in professional circle we always use 26%. Please advice.

Best Regards
Ranjit

Is it mandatory to issue share certificates to share holders of a PRIVATE company?

What are the penal provisions that are attracted in case of non issue of share certificates?

it says that central govt approval is required for any agreement entered by two companies in which directors are same/interested.but whether this applies to all agreemnents entered into by the companies before the directors of one companybecomes the directors of other company as well.

Pls. can send me the Ordinary resolution to remove a director from company at mail : ca.reddy99@gmail.com

Dear Friends ,

I have to incorporate a company in india where all the shareholders are foreigners. The shareholders would like to incorporate the company without visiting india. Is there any option available for the same?? i request the learned members to clarify the same

regards

- Sridhar

I want to incorporate a private limited company. it will be a hospital. but i dont a MOA & AOA. PLease suggest me from where i will get MOA & AOA relating to hospital services.

what is the procedure for removing a auditor?please specify the section under companies act?

WE HAVE A COMPANY ABC PRIVATE LIMITED HAVING PAID UP CAPITAL OF RS. 100,000/- 7 RESERVE & SURPLUS IS RS. 50000/-. THE AMOUNT IS LYING IN THE BANK A/C OF THE COMPANY. THE PROMOTERS, DIRECTORS AND SHAREHOLDERS WISH TO WIND UP THE COMPANY. PLEASE TELL ME THE PROCEDURE FOR THE SAME & IN REFENCE TO WHICH SECTION.