In a Pvt Ltd Company incorporated under co. act 1956 what are the limitations of an Additional Director. I have noticed that there is no option provided in eForms of MCA 21 for designation of Additional Director at DSC signing field. It means that an Additional Director cannot sign any eForms of his company. PL. clarify

Is it possible to appoint md, chairman, executive director before obtaining commencement of business of company??
Does commencement of business certificate affects the procedure for their appointment???

Practically why people create the sole proprietor of Pvt Ltd co. ( Say Parent co. of Pvt Ltd. ) Ex. M/s XYZ Traders sole Prop. M/s XYZ Pvt Ltd, & under which section of company act this is possible ..... & what is benefit from this ???

Which resolution should be passed for increasing issued share capitel.
And in which meeting such resolution pass.

Dear All,

I am working in a public limited company. We purchased a car on loan now I am unable to understand whether charge is to be created under the companies act s-125 and form 8 is to be filed.

I was being informed by others that only board resolution is enough but no charge is to be created and our company won't be defaulter but no vaid reason was there.

Please help me and answer me what to do.

Thanks & Regards,

Ritu Agarwal
C.S., LL.B.

Hello experts,

We have received share application money in US$.but we have not convereted that money into shares. Now we want to revert back that application money with interest. do I need to calculate interest on US$ or indian rupees. Suppose we have received US$ 1000 and we have converted that amount into 50000/- do we need to calculate int on US$1000 or rs.50,000/- Please clarify.

Dear Friends,

I have two doubts regarding resignation of Company Secretary.

a).Whether the resignation letter is mandatory to attach in E form 32
b). When is the effective date of resignation either on the date of resignation letter or else date of acceptance of the board.

It is quite urgent kindly help.

I have another doubt regarding EGM Notice.

Whether it is mandatory to place EGM notice in the board.

Regards,
Vidhya

Need ur help……

There is a pvt.ltd.comp.(incorporated on 13.01.09) which gets converted into a public ltd.company on 27.01.2010.
And the problem is that this comp. has not filed any annual returns with ROC so far…..

So for annual return of the period 13.01.09 to 26.01.10 what can be done?? Can we file annual return of the period 13.01.09to 31.03.10 together(15mths)??

Asking this coz of two reasons-
1). company’s identity has changed so whether it will be correct to merge both the period?
2). secondly, we cant file the return of 31.03.09 as a “pvt ltd.comp.” coz the existence of comp.as a pvt ltd.has ended up.

So wats the solution????

Hi all,

If a company has 3 segments and only one of the segment is subject to Cost Accounting Record Rules (CARR). Is it mandatory to disclose the Segment - wise Total revenue of the Company in the Compliance Report in XBRL form

Thnx & Rgds,
C.A. Neel S. Doshi

Dear Experts,

One of our clients wants to incorporate a private limited company with the name ending with the words "corp".

As per the Companies (Name Availability) Rules, 2011 if the company name contains the word corp, then the authorised share capital should be atleast Rs. 25 Crores. In the said rules, it has been stated that these rules would become applicable once published in the official gazette.

Now my query is whether these rules have come into force ?

One of our fellow professional has incorporate a new private limited company with the words "industry" but with authorised share capital of Rs. 1,00,000/- as opposed to Rs. 50,00,000/-.

Kindly enlighten.

Awaiting your early reply.

Thank you,

With regards,

Sathyan
e-mail: sathyanavinash@gmail.com