How many Directors need to sign on MOA & AOA ?

Dear all,

Can anyone suggest me that "is there any limit prescribed in the companies Act over the percentage of shareholding of a director of the Com."

"If a director is holding 50% or more shares of the company then what will be the consequence?"

Sir
A person was Promoter Director of private limited company and got resigned few years back.
Now,he is reappointed as director.
My question is while filing form 32 which category should I choose - Promoter/Professional/Independent
Normally, we choose Promoter in case of New Company and the system is not accepting category as Independent(a message showing it is applicable only to listed/public company).
Please solve my problem.

Rected All,

My one of client is unlisted ltd., Vat Dept. had issued notice & assessment is done with FY 05-06 to 07-08 in which he is beneficiary of Hawala dealer and accordingly ITC is disallowed and penalty n int. is levied.

Now fact of assessee is that
1) it has genuine purch.,and paid by cheque but vendor has not paid vat amt. and not filed return,
2) It dose not have any assets including bank balance,

Now my questions are,
1)Whether Purch.fr. dealer who seems later Hawal is fraus conduct of directors??
2)Whether non-payment of vat as per asst. dues consequences??
3)If co.is liquidated what will happen to assessment dues??
4)Co.having 4 directors, Whether all liable jointly and severally??

Expecting quick reply

CA Jayesh Shah
ph. - 9821470007/9076552290

Please correct me if i am wrong: Board Meeting to approve the transfer i.e. is the date of transfer should be the date with in 2 months of the presentation of Transfer Deed

SEC 111: The transferer or transferee, or the person who gave inti- mation of the transmission by operation of law, as the case may be, may appeal to the Company Law Board against any refusal of the company to register the transfer or transmission, or against any failure on its part within the period referred to in subsection (1)that is 2 months, either to register the transfer or transmission or to send notice of its refusal to register the same.

Section 113: Every company shall, within three months after the allotment of any of its shares, debentures or debenture stock, and within two months after the application for the registration of the transfer of any such shares, debentures or debenture stock, deliver, in accordance with the procedure laid down in section 53, the certificates of all shares, debentures and certificates of debenture stocks allotted or transferred.

Can the following Board Resolution regarding resignation of directors be passed? Please check the dates if the BM can be held afterwards:

Minutes of the meeting held on 12.02.12:

Mr.XYZ, Director, has submitted his resignation on 1st January 2012 to the Board of Directors of the Company citing ‘Personal Reasons and other professional commitments.’ The Board deliberated on Mr.XYZ resignation and regretfully accepted the same with effect from 4th January.

“RESOLVED THAT Mr. XYZ will cease to be a Director of ABC Private Limited with effect from 4th January 2009”.

Dear all
I have Filed Form 1A & Selected 3 names
1). Mahesh Textiles Pvt Ltd
2). Mamta Designers Pvt Ltd
3). Ala Moda Textiles Pvt Ltd


But the form was required submission by mentioning the reason

" all names are closely resemble, furnish fresh names. Form should be resubmitted by 05/01/2013 failing which the eForm shall be treated as invalid and shall not be taken on record. (Please refer Regulation 17 of the Companies Regulation, 1956)"

Please guide in the concern matter

Hi,

Someone may please see the following and reply to my queries :

ABC (India) Private Limited was having Paid up Capital of Rs.5 Lacs as on 31.03.12.


On 31.05.12, the company increased it’s paid up capital to Rs.1 Crore.

The company had it’s AGM (belatedly) on 05.11.12 for FY 2011-12.


Query

Whether the company is required to obtain Compliance Certificate for the FYE 31.03.12 or not.

Ans : …………..


Kindly justify (so that I am able to understand better), why should the company

obtain CC for the FYE 31.03.12.

Ans : ………….. (Is it because of the reason that in general, the CC shall be attached

to the Board’s Report for AGM on 05.11.12)

Thanks.

Can we use "SD/-" in place of original signature on copies of annual returns and annual reports that are to be uploaded in ROC portal through Form 23AC,ACA or Form 20B

A pvt ltd co(hospital) is incorporated on 18 th feb 2011, but operations are not started as the building is under construction. Whether it have to file annual returns? what are the consequences if not filed?