Dear Experts,

please clear the confusion relating to table A of Schedule V of section 196 and 197 of Companies Act, 2013.
in our companies case:
in Schedule V of table A, if companies profit is inadequate, Company can give 42 lakh Remuneration to its Managing director, double the limit after shareholders approval.

my question is whether this limit applicable only to Managing director only or other Whole time director and Managing Director??

Dear Ankit Sir,


If NED is absent form consecutively Two\ four Board Meeting during the year, then also he liable to vacant the office??

In how much time company has to receive subscription money from the the subscribers as per Companies Act, 2013? I believe there is no time period for it, however company has to issue share certificates within 2 months from the date of incorporation.

I want to know the procedure and documents required for takeover of proprietary firm by existing pvt ltd company. what are the complainces required for the same. kindly reply asap.

Dear Experts,

If a Non- Executive Director of Limited Company absent form board Meetings during the year, with valid grant of Leave from Board of Director, Whether he is liable to vacate his Office??

Is there any restriction for a loss making company on issue of further right shares at face value????????.....as i know a loss making company can't issue Shares at Premium without valuation certificate...
Please revert back if know the solution.....

Dear Experts,

kindly guide on the following matter.

One Limited Company wants to donate to Federation of Industries can its come u\s 181 of Companies Act, 2013??

and another Question is if Limited Company buy milk from its one welfare Community, whom company give a donation, and Donate the milk to Other community and get valid receipt for donation from the Community??

Can Company do this as per section 181 of Companies act,2013 without limit??

My Parents holds shares worth Rs10000 (Rs5000 each) in a PRIVATE COMPANY carrying business of cotton mill. The Board of Directors without their KNOWLEDGE SOLD the mill. Whether my parents continue to be Shareholders. PLEASE provide the rights of the SHAREHOLDERS in this case.

Dear Sir,

If Public Company is incorporated under Companies Act, 1956 and Company has not started its business activity till date and not file any form for obtaining Certificate of Business Commencement. Under Companies Act, 2013 , Section 11 has been removed and Form 21 which is for obtaining certificate of business commencement has been removed from MCA Website.

Now, Company Wants to obtain its business Commencement Certificate , whether is it possible ?? or if yes , then what is the procedure ???

Hello
A Company has spare funds and want to utilize by way giving loan to other. But as per company act company can`t give loan to the director and other firm/company in which director are partner or director. Then plz advice me that how a company give to loan to other.