Hi For a Pvt ltd co .

1. What is the time limit to pay for the subscription of shares by "Subscribers to MOA " ??

2. Any penalty if they have not paid for the same ?

Pls state sections , if any.

In our case - The subscribers have not paid for 1 year the amt required to be paid as per MOA & no shares have been alloted yet.

IF ANY SHARE CERTIFICATE IS LOST BY THE BOARD OF DIRECTOR BEFORE ISSUING TO THE SHAREHOLDER, WHAT IS THE PROCEDURE REGARDING THIS MATTER FOR THE BOARD OF DIRECTOR ?
IF THERE IS ANY PENALTY , PROVIDE THE SECTION ?

Hi all

We have two unlimited Liability companies. And We are unable to do any e-filing on mca portal. Both are incorporated without capital clause in MOA but with members and Paid up capital is shown in Balance sheet showing contribution of members.

Can you please how do I go about with e-filing as:
1. ASC is NIL
2. If I enter paid up capital it says PSC should be equal to or less than ASC.

Annual REturn will go in e-form 21A. & if the contribution of Members will form the indebtedness of the Company or paid upshare capital???
Pls explain the concept of UNLIMITED LIABILITY COMPANY WITH AND WITHOUT SHARE CAPITAL

Pls help.....

Respected Sir,
Is it compalsory for every Limited company to close their Register of Members and announce Record date
for declaring Dividend in AGM?
Even closelyheld Limited Company - (Not Listed) have to close their Register of Members?
Thanking you
Amit Trivedi

query 1 can company employee (ca) be
director?

query 2 :- how ca can be director ?
what is the procedure?

Dear Sir,

I want to know that " IF first auditor is appointed after 30 days of incorporation of the company in the EGM, which are the compliance which need to be done?

In my case the company incorporated on 04.08.2010.

first Auditor is appointed by the shareholders in EGM by passing ordinary resolution on 01.03.2011

Now i want to know which are the compliance i need to fulfill? Am I required to file any E-form online for this? (just for Auditors appointment / for EGM?)

Regards

Jimin Shah

Pursuant to section 3(1)(ga) of the Sick Industrial Companies (Special provisions) Act, 1985, NET WORTH= (Paid up Capital + Free Reserves)

Whereas, Free Reserves are defined as all reserves credited out of the profits and share premium account but not include reserves credited out of re-evaluation of assets, write back of depreciation provisions and amalgamation.

What will be the calculation if the Company has accumulated losses in the balance sheet of the relevant financial year.

Please guide, if we need to deduct accumulated losses from the paid up capital while calculating Net Worth for a particular financial year.

with best regards
Deepika Bhardwaj
Company Secretary

Dear All

One of our companies name changed on 21/06/2011.
Now my question is:-
Will the balance sheet for the F.Y. - 2010 - 2011(i.e.1st April 10 - 31st Mar. 2011), be made with the old name or new name as the date of signing of balance sheet by the auditors are 21st September 2011.

Request the experts to please reply.

Thanks and Regards

Hi, can anybody share the corporate law compliance checklist of private limited company

Dear Experts,

As per Companies Act, public limited company should have seven shareholders. The Company is unlisted company. It has sold all its shares to the new shareholders.

Now how to show the transfers? Can in annual return all shares can be shown as transfered to new seven shareholders.

What should be the procedure where all seven promoters are selling their shares to new seven shareholders.

Is there any need of shareholder agreement.

Please reply to my query.