abc
14 January 2013 at 18:14

Transfer of shares of pvt ltd co

Please clear me on the following.

I have read that Shares of PVT LTD CO cannot be TRANSFERRED FREELY as AOA dont allow the same and RESTRICT IT...

FACTS OF THE CASE -

if there are 3 directors A, B & C

- DIRECTOR "A" (external party) wants to resign and give up his shareholding,

- AND B & C (both husband & wife) WANTS TO CONTINUE

- and also company gets "D, E, F, G, H, I, J, K, L, M, & N" i.e. 11 new shareholders all these 11 are RELATIVES OF CONTINUING DIRECTORS i.e the above couple B & C


THEN QUESTION IS -

(1) WILL IT BE POSSIBLE ONLY THROUGH BUY BACK ROUTE i.e. company buys back AND REISSUES?

OR

(2) CAN THE SHARES BE DIRECTLY TRANSFERRED WITHOUT BUYBACK?

PLEASE REPLY URGENTLY - THANKSS


Akash Lulla
14 January 2013 at 16:41

Form 18 attachment

Hello Sir/Madam,

In case of new company.
which documents can be attached in Form18 along with no objection certificate from Director, where the office is to be registered on the property owned by director (not taken on lease).


RUPAK AGRAWAL
14 January 2013 at 14:19

Director


dear sir plz solve my problem

1-There are Two additional Director in a public Co. one of them become ordinary Director u/s 257 and mention in form 32 but another one not contonue. How we show in Form 32?
whether any requirement of Consent Letter for attachment for continue from additional Director to Ordinary Director in public co.

2- In change Directorship (from ordinary to Managing Director, there is any requirement of consent letter for attachment in public Co.



Anonymous
14 January 2013 at 13:04

Charge

Form 8 to be filed with in 30 days from the date of BR or from the date of Agreement? that is what is the date of Creation of Charge. I think the date of execution of Agreement is the date of creation of charge. Correct me


Arifa Khan
13 January 2013 at 21:09

Company coming under defaultership

Dear Sir/s,

We have had formed a public ltd company in 2007 and then later on did not do any business because of internal disputes...
Now the company has been put under defaulter-ship for non filing of returns...
Can anyone advise what do I need to do to remove it from defaulter ship and I want to keep the company...
Please do advise.
Regards
A.I.Khan


rahul
13 January 2013 at 02:49

Bussiness tax advice

Bussiness Law:

I started a new bussiness. I implement ideas of Stock traders with my money on my Share trading account. On success i pay them fixed % of profit. I am getting good success as per bussiness and want to expand it leagally.

I have two optional plans and want legal advice on them.

Plan 1:

I will be continue trading on my account. While paying traders, I will get a note of acceptance of amount with thier sign etc.

Plan 2 :

I will register a sole propritership and get a trading account and a bank account on comapny name. Finally showing all deduction on employee salary etc.

I want a legal method in which myself or company should be taxed only on the net profit (Profit from trading - Salary to traders)

Kindly suggest me legal advice on these.

Thanks in advance



Anonymous
12 January 2013 at 18:00

Loan from director's relative

can a pvt. ltd. company take a loan from relative of the director without allotting him shares or without making him as member of the company?



Anonymous
12 January 2013 at 17:15

Correction in form 23b

Kindly guide me what to do if AGM date is wrongly mentioned due to similarities in the name of the company in Form 23B and whether it can be revised or not ...

Is there any requirement to attach declaration and if so , please provide me the format of the same.



Anonymous
12 January 2013 at 17:06

Circulation of minutes

Dear All

Kindly advice whether the minutes of the Board meeting should be circulated or be shown to every director under any provisions of companies act.

As per my understanding, section 193 talks about its recording within 30 days of the meeting. But before the next meeting, please advice if it is mandatory to circulate the minutes


kirtan
12 January 2013 at 15:11

Nri shareholding

Can NRI to be a shareholder of private limited.. if yes then what are the procedures...


can NRI Deposit accepted in private limited..(Procedures)


can loan can be accepted from NRI..(Procedures)


Possible way of remmitance in all above cases...


Minimum and maximum amount in all the above cases...


Thanking you in advance...
Please do give Possible Advice...






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