Two directors residing aboard did not attend the last five board meetings.Though leave of absence was granted to them.As per section 167(b) the office of Directors becomes vacant. Though notice of meeting was served to them. Now shall I file eform DIR 12 for vacation of office and then appoint them as additional directors and then approve their appointment in agm.

The listing agreement provides exemption from obtaining approval of Audit committee for related party transactions between two government companies. MCA vide its notification dated 5th Jun’15 provides exemption from obtaining approval for related party transactions between two government companies.
MCA has granted exemption from section 188 for transactions between two Govt. Companies but not from section 177(4) (iv).
Terms of reference of audit-committee inter-alia includes approval or modifications of all RPTs.
Therefore, above transactions need approval of audit-committee. However, no approval of the board/shareholders will be required, if it does not attract section 188.
Others may express their views on the matter.

Sir/Ma'am,

Is Due Diligence Report necessarily made for a financial year or it can a time duration demanded by the bank?

Mr. X is to be appointed as Managing director in forthcoming AGM and holds 30% of shares. and Mrs. Y is additional director, wife of Mr. X, holds 5% of shares and will be regularise in forthcoming AGM.

Can Mr X/ Mrs. Y vote on appointment of himself/ her self?

Can both vote on appointment of each other?

plz help. Its urgent.

Is companies act 2013 applicable on financial years beginning on or after april 2014? and not on financial years which started before april 2014 and whose ending falls after april in 2014?

Can a subsidiary co give guarantee for loan taken by holding company?

As per latest exemptions the pvt ltd. co can taken unsecured loan from its members subject to 100% of its paidup share Capital+ free reserves.
My questions are -
1. from when this will be applicable; is it applicable for transactions for fy 2014-15

and

2. Any conditions for availing this exemption my mean to say a pvt ltd company having any type of shareholder category including body corporate, firm, individual can avail this exemption or any stipulations for that.

Sir,
Please arrange for any practical illustration of computation of NET Profit for CSR (Corporate Social Responsibility Expenses)
I gone through sec 198 but still not able to understand what is Usual Working Charges

Please give any practical working with figures

Is it correct that we dont need to file compliance certificate from F.Y 2014-15. that we used to do in eform 66.

Am I required to file MGT-14 and upload a copy of resolution passed at the General Meeting(EGM).

I would like to highlight that earlier it was necessary to upload Board Resolution in case of appointment of director,but now that requirement has been waived off vide Notification dt 05.06.2015.But in my case director has been appointed in general meeting by an Ordinary Resolution u/s 152 & 160 of the Co Act,2013

If yes,then under which provision of the Act.