Dear All,

Can any body give me the interpretation of Section 4(7) of Companies act.When any Wholly Owned Susidiary of Foreign Corporate is deemed to be public company in terms of Section 4(7) .

Regards,
RK

How does a company determine the amount of money in excess of its wants? Is it by computing the money remaining idle?If so how is that computed?

Refer section 100(1)(c)

what is meant paid up share capital which is lost or unrepresented by available assets?
Refer section 100(1)(b)

What is meant by extinguishing liability on shares as provided in Section 100 ?
What is the difference between extinguishing liability and reducing liability on share capital?

Under Companies Act,1956 is it permissible to accept Share Application Maoney be in Kind? or it has to be in Cash only?

Dear All,

Ours is a public limited non-listed company. We are going to issue shares through private placement. My querries are:
1) What is the rate of stamp duty to be paid on share certificate
2) Can we pay stmap duty by franking share certificate? Is it legal to frank share certificate? If not than what is the way to pay stamp duty on sharecertificate?
3) Stamp duty is to be calculated on paid up value or paid up + primum?

Can You please provide me depreciation rates as per companies act.

thank you!!

I want to start up a company. I am seeking information on how to start up a company and if there is a list CAs available who could help me with this start up - in terms of registration. Also typically what would e the fee for getting the services of a CA engaged with registration of a new company.

Section 165 provides that a statutory meeting has to be held within a period of not less than one month nor more than 6 months from the date on which the company is entitled to commence business

how does it differ from saying that statutory meeting should be held within 6 months from the date on which the company is entitled to commence business?

whts the diff b/w prospectus and red herring prospectus.