Dear Experts
We are running partnership firm want to convert into companies. Pls clarify weather a partnership firm can be convert directely into public companies or it will be convert first in pvt. Ltd?

Pls clarify the same

Thanks & Regards
Anmol Gupta

Hi,
While filling INC-1 form, i have following queries:

1- the objects clause point doesn't allows me to write complete main objects. rather, it just allows to write few words or 1.5 lines....can anyone provide some guidance.

2- moreover, the supporting documents of applicant need to attested by practising professional, kindly confirm or do they need need to be self attested by applicant, as there are contradictory instructions mentioned in help kit v/s MCA website

3- if the applicant intending to be a director in one person is in service but has resigned & serving notice period, his occupation still needs to be mentioned as service man . Kindly confirm ? If yes, it may be changed later after he gets relieved from job. but the query is what to mention as his occupation in DIR-3 for availing DIN & INC-1 , so that the form doesn't gets rejected.

Thanks,

A company was incorporated on 03/10/2016 with 5 persons being subscribers.
-What is the time limit for deposit of share money in company's bank A/c?

-Is it not necessary to issue share certificates? My CA advised not to issue since it is a family owned company.

dear all, I wish to incorporate a private limited company, I am taking my brother as a director because it's mandatory to have two directions in a private limited company... if I have taken 90% and my brother has 10% share when the company makes a profit of 1cr and we directors are getting salary at a specific percentage... what happens to the remaining profit in the company's account..? can I use it for my personal uses...

A Company had paid 75% installment relating to a property but now want to transfer the pending liability to a director. The assets will be transferred in the name of director and he will make the balance payment .Whether its possible and how?

Hello experts,

A company has 4 directors, 2 are Indians and other 2 are foreigners. Can both the foreigner director sign the financial statement and board report.

Regards,

1. In case of Private Limited Co. a managing Director was appointed at the time of incorporation through old form 32 , no specific clasue about appointment of MD in AOA or no other agreement was executed , then how much period he can act as Managing Director ( He was mentioned as First Director not liable to retire by rotation in AOA )
2. can we pass a Board Resolution for increase in salary of MD and what other forms required to be filed
3. can any body share me Board Resolution for increase in salary of MD in case of private limited

Dear sir,I m authorised signatory of pvt.Ltd. company i want self DSC apply can I pay DSC application fee of company's current account and tell me new DSC apply process .

a small pvt.ltd. company..

in nov 2015,additional director was appointed
but since july 2016, existing directors had a fight with her dont want her anymore.
in agm 2016, company directors did not mention her in form mgt7
in aoc4, company stated in director's report she is not to be regularized.
now, do we have to file form dir12 to show she is vacated?
or did we have to write in mgt7 and revise mgt7?

Dear Colleagues, I have a query regarding Auditor appointment, in a company, In an AGM an Auditor who is having proprietorship firm has been appointed, the Auditor Dissolves its Proprietorship firm and enter into Partnership, now the query is whether the Auditors have to file fresh form ADT - 1 for change in auditors firm status or he can sign the Balance sheet without any intimation to ROC, and also Is company required to pass an ordinary/Special resolution for fresh appointment of same auditor in the Company. what is the correct measure in this case?
Note - Registration no and name of old Proprietorship firm was same in new partnership firm.