Can any one tell me, if a unlisted Public Company want to reduce the remuneration of Directors which is going beyond the ceiling prescribed under section 198 and 309 then what is the compliance under companies act?

Our Company's paid up Share capital increased to Rs. 20 crore.As per Sec 383A whole time company Secretary required to be appointed within one year from the date of increase in paid up capital.Our Company suffer Loss from last one Year.Can our company take plea that it was beyond its capacity to engage a whole time secretary.

Further clarify the interpretation of below mentioned words in paragraph


383A. CERTAIN COMPANIES TO HAVE SECRETARIES

Provided that in any proceedings against a person in respect of an offence under this sub-section, it shall be a
defence to prove that all reasonable efforts to comply with the provisions of sub-section (1) were taken or that the
financial position of the company was such that it was beyond its capacity to engage a whole time secretary.]


Thanks & Regards

Please clarify - A public limited Company whose shares are not listed but the NCDs are listed with the recognised stock exchange is a listed company or an unlisted company.

Company Bill 2012 says that prescribed class of companies must have a woman director. My question is what CLASS oF COMPANIES will have to follow this newly inserted clause.Whether a Private Company also fall under Class of Comapnies.

Thanks.

Hi there, i just want to know that if we are having 4 directors in a pvt ltd company and if i want to replace one of them with a new person,then what will be the procedure for that??

can a Private company make provision of bonus as a Salary Component for executive director?

Dear Sir,

Incorporation Date of Company is 07/03/2011.

Income tax return is filed with financial year 07/03/2011-31/03/2011 and 01/04/2011-31/03/2012.

My question is what will be the earliest and the last date of conducting First AGM as per companies act, 1956 ?

Please reply it as soon as possible..
Thanks in advance.

what are steps are required to follow to convert a pvt. Ltd in LLP,

Dear Experts,

Please let me know whether the due date of filing form - 23B is counted from the date of AGM or from the date of intimation to the auditor.

Suppose,
Date of AGM - 29.12.2012 (First AGM)
Intimation to Auditor - 4.01.2013 (within 7 days of AGM)

In this case, what should be the due date of filing Form-23B?

Thanks & Regards
CA Milan Agrawal

Dear Friends,

A private limited company has issued warrnats to a body corporate having a face value of Rs 13. crores. The warrants are convertioble into equity shares within a period of 7 years at the option of allotte.

Out of which 10% amount Rs 1.30 crores is payable on subscription and balance 90% on conversion of warrants into equity.
can any one pls guide me whether a stamp duty is payable on such warrants under Delhi Stapms Act and at what stage and at what value.

Looking forward to a prompt response.

Thanks & Regards

P.C. Joshi