Point No viii of Rule 2 (1) (c) of Deposit rule says that any amount received from a person who, at the time of receipt of the amount, was a director of the Company.

Provide that the director from whom the Money is received, furnish to the Company at the time of giving the money, a declaration in writing to the effect that the amount is not being given out of fund acquired by him by borrowing or accepting loans or deposit from others.

My question is X Company is receiving application money for further allotment and Mr. A is the Director or Member in the X company. So at the time of giving application money the director shall furnish the declaration in writing or not as per proviso of above mention point.

Can a person be a Director in a company (with 26% Shareholding) without having no liability with the Company?

What are the possible alternatives if a person wants to take 26% shareholding in a company without having any liability to the Co?

The Co is a Pvt limited Co.

Dear Professional colleagues,

I have query related to whether Independent additional woman Director's appointment should be recommended by Nomination and remuneration committee in the listed Company.

an early reply would be of immense help to me.

Regards
Nishthi H Dharmani

One of my client wants to voluntray wound up his company as per companies act 2013 it is possible to wound up company as am not getting any link where it has been specified that section 304 has been notified.

Hi,

the incorporation forms for a new private limited company (INC-7, INC-22 and DIR-12) are marked for user clarification via Addendum form 67 with the remarks:

1. "Photos not pasted in MOA".
2. "Address mismatch with bank statement"

In respect of 1st remark, can any one guide as to how and where to paste the photos in MOA and what is legal provision for than, and

In respect of 2nd remark, can any one guide - do we need to mention the same address in subscriber sheets as mentioned in bank statement (submitted as address proof). In the present case, the address of subscriber mentioned in subscriber sheet is same as mentioned in their DIN application (Voter Card address).

Thanks alot in advance.......

Please solve the problem.

Dear Sir,

While uploading ADT-3 the following error is shown:

The Auditor is not associated with the company.

Please let me know how to proceed in this.
Thanks

Please somebody tell me the process to convert society into trust in Rajasthan

Hi,

For a private limited company, we need to change the director designation to Whole time director.
As i could gather from various articles, following steps need to be followed:
1. Notice to Board Meeting (It will also have WTD agreement)
2. In the meeting, following will be agreed upon
a) Board resolution for WTD appointment
b) Consent of the director to act as WTD
c) Signing of DIR 2 form again by director
d) Agreement on WTD remuneration etc

3. File Form MGT-14 within 30 days of passing of resolution
4. File Form DIR-12 within 30 days of passing of resolution.
5. Agreement by Shareholder's in GM
6. File Form MR-1 within 60 days of passing of resolution

However i have following questions here:
Q1. Is the above process complete or something is missing
Q2. Do we have to really get the DIR 2 signed again
Q3. What form/ resolution should be filed/ signed to indicate shareholder's approval
Q4. Will need templates of documents that need to be attached with MR-1

Can anybody plz tel me under section 182 of CA 2013, the amount of political contribution can made upto 7.5 % of the average profit for last 3 years.

My question is the avg net profit is to be taken BEFORE TAX OR AFTER
please guide with relavant section or rule

A pvt ltd company regd on 30-12-2011 & not filed any return to ROC tilldate.

What are the formalities & requirements in this case pls advise.