During probation a manager of a company has been appointed as Independent Director (Non- executive) in the board just after joining the company & registered with RoC by filing form 32. Now, as per the provision of CA 2013, no body can be appointed as an Independent Director (NED), if he/she been employed in the company within last 2 financial year. Please clarify the following

(1) Whether his/her appointment will be treated as cancelled as he/she is not eligible of appointment of Independent Director per the provision of CA 2013 ?

OR
(2) He/She will be treated as Whole Time Director where as in form 32 clearly shows him/her as Independent Director.

If one shareholder is died, and as per will the shares are to be transferred to his grand sons, then in what time period we need to show this to Roc in annual return??? Is there any time limit for this. Pls inform

Whether in related party transaction, advance money given is allowed or not .
If allowed what is procedure and any maximum limit for the same.

Do the companies, alongside incorporation, need to deposit the minimum paid up capital in a separate bank A/c. if yes !! is there any lock in stint ?? If not!! why there is such a requirement??

Dear Experts,

My query is: Can a private company accept unsecured loan from shareholder?

Revert asap.

Thanks in advance.

Hi Experts

Can anybody please tell me

1) Procedure for shifting of registered office from one state to another
2) Forms and attachments to be filed
3) Documents required
4) Total cost involved (out of pocket and professional fees)

Thanks and regards

A private limited company was incorporated on 02/01/2015, hence Company has not held its first AGM on or before 30/09/2015, as per definition of financial year as per companies act, 2013, financial year can be of 15 months if incorporated in Jan-Mar,

My query in Balance Sheet , Company has shown figure for both financial year i.e. 31/03/2015 and 31/03/2016, is it allowed.

Dear all,

kindly clarify section 134 (6), because in pvt comp board's report signed by only one director, and he is telling only financial report signed by two director not in board's report.

differnce between ordinary resolution n special resolution

hii..please describe the conditions in which cost audit is required for pvt.ltd.co.