there are 3 directors in the PUBLIC UNLISTED company
1.MANAGING DIR
2.WHOLE TIME DIR
3. NON EXECUTIV DIR

NON EXECUTIVE dir is the wife of whole time director.

and DUAGHTER IN LAW of managing director

In Board meeting we want to increase the remuneration of NON EXECUTIVE DIRECTOR under place of profit,

NOW QUESTION IS

whether MD AND WTD would CONSIDERED AS INTERESTED PARTY

CAN WTD AND MD be a part of quorum and cast a vote or not?

Can EFORM DIR-3 BE SIGNED BY PPROFESSIONAL IN DIGITAL SIGNATURE PLACE OF THE APPLICANT IN THE EFORM.

Company has passed the Board Resolution for Rights issue on 30th october, 2013. till now company has not filed its Draft Letter of Offer to SEBI. but Company is planning to file Draft Letter of Offer in March 2015. so whether the resolution passed in 2013 stands invalid due to more than one year??

There is a company incorporated in 2010.but it has not filied its annual reutrn till date.now one of the director of the company want to resigne from the company. Is it possible?

Dear Sir

we incorporated our closely held pvt ltd company in last August Month (Aug 2014)
but still we have not appointed our Auditors

so I want to know what will be the consequences and what can we now do to appoint our first auditor


if any Additional fees or penalty be imposed cause 8 months have passed


please help

can the subsidiary company give guarantee or loan to holding Company and vice versa

hi,
I wanted to know profit after income tax or before income tax should be considered for 5 crores net profit condition.

we should form any trust for routing expenses towards csr or ompany can directly do the expenditure.

Hello, My company has not filed CHG-4 for satisfaction of charge till now for charge which was satisfied in Nov. As per section 82 of the companies act 2013, CHG-4 has been filed within 30 days of repayment of charge amount. So what should i do can i go for Condonation of delay by filing CHG-8, what is the impact of it on my company or is there any alternative of this?????

Dear Forum Members

I would be thankful if the Members could clarify my doubt, which is given below:

A public limited company has availed vehicle loan of Rs.10.00 lacs from a Nationalised Bank. The said vehicle has been offered to the Bank as security for due repayment and discharge of the loan facility. The company has executed requisite documents with the bank at the time of availing the loan facility.

I request you to kindly clarify whether it is mandatory for the company to file Form CHG-1 with ROC / MCA for creating necessary charge in favour of the bank in connection with availing of vehicle loan facility.

The bank officials are not insisting for creation of such charge. Some of my friends say creating charge is mandatory under the new act. Some say it is not mandatory thus creating a confusion in our minds. In view of the above I request the members of this forum to kindly clarify my above said doubt.

With regards

Muralidharan

There is a private limited company registered under companies act 1956 in 2011. The company has not yet commenced any business. I would like to know if that company can be applied to be a dormant company? If yes, what are the benefits of declaring it to be a dormant?

Thanks in advance.