Dear members..

Kindly clarify the following..

Mr. A is a Director in both Company LMN (Pub. Co.) and XYZ (Pvt.co.). In an agreement entered into between XYZ and LMN, Mr. A has signed on behalf of both the companies in the capacity of a Director..

Further Mr. A has 8% shareholding in XYZ Pvt. Ltd.

So apart from Disclosure U/Sec. 299, is there any other compliance required?

Is it legal and valid under the Contract Act as well as companies act that a contract be signed by a single individual on behalf more than one company as a Director or in any other capacity??

Our company is having NRI shareholders. Two shareholders are holding the shares in physical form and one NRI wants to transfer the same to other NRI.

Please guide whether any RBI permission is involved in this and whether physical shares can be transferred between NRIs.?

Early responce is awaited.

Thanks in advance

if a firm's assets is revalued and converted into pvt co under ix of companies Act whether liability of capital gain arises for the firm

WHAT IS THE LIMIT ABOVE WHICH INTERNAL AUDIT IS COMPULSORY

Can Bonus shares be issued out of Revaluation Reserve?

is there any limit for sitting fees paid to director in the company law

) Whether a Non Indian Citizen (Eg. UAE National) can become a shareholder or director of an Indian company (Pvt and public), having object of Echo Tourism ?

2) What are the limitations for Non Indian Citizen (Eg. UAE National) to part of an Indian Company.

3) Whether they can form the company with all NRI Directors.

4) Whether there is any requirement for Resident shareholder/director.

5) Whether NRI can also act as MD of the company

6) Whether any legal limitations for the above activities

Dear Sir / Madam,

We would like to pose a unique query for which we would like a reply at the earliest.

One of our clients had two directors till September 2007 and two new nominee directors were appointed in September. Form 32 has not been filed for their appointment.

There were some differences between the two old Directors and the two new directors and in pursuance to that, both the old directors (one of whom had the DSC) resigned from the Board. The form 32 for their resignation has not been filed either.

Now we are facing a practical problem as we will not be able to approach the old directors to sign the forms as they have already resigned and none of two new directors have a DSC.

Please provide us with a practical solution for filing Form 32 for both appointment as well as resignation.

Awaiting your replies in earnest,

Best regards,

Chetan

which forms are to be submitted by the Company for allotment of preference shares to ROC under the Companies Act, 1956?

Mine is the listed co. on the BSE and i like to the know the procedure for Change in the Object Clause and the its compliace?
Sir we arange a postal ballot,
so is it necessary to take a approval of postal ballot from the ROC. or we directly send to shareholders, and suppose we not took the approval and complete the procedure then what is the consequences.