I have a query that if a pvt. co. desires to appoint one of their director as MD and their are only two directors in it and themselves are the only shareholders of that co. and the relation between them is of husband and wife then what are the prov. apply in that case meaning thereby is the second director is automatically interested in his appoint.. does the resolution that the director is interested in his appoint. is sufficient then who will pass the said resolution of appointment.
2; if the remuneration is at variance to schedule V then we have to follow the provisions as contained u/s 197 or we dont need to check the prov. of remunerarion as co. is a pvt. co.
3. the appointing director is also a director of another co. then can he withdraw a small amt. let say of rs.10000/- from that another co.? what are the prov. plz clear me.
thanks in advance
Sir, Please tell me the effective date from when companies amendment bill, 2016 is going to implement. As I have received name approval of company on 11th March, 2016.I want to know whether I have to complete incorporation of company within 20 days or 60 days??
Answer nowWHETHER TO FILE DIR-12 FOR RESIGNATION OF ALTERNATE DIRECTOR??
Answer nowhello experts, my bro has a software company in Hyderabad. he is not maintaining the main branch in Hyderabad at all. but he has started the same company in Vijayawada as branch. so what he need to do. please give a clarity
Answer nowRespected friends, In India, is there any limit for capital borrow according to any laws / rules existing? I mean if pvt ltd company turn over 60 cr p.a. then company can borrow capital @100 cr or any limit restricted by existing laws or rules.
Answer now
Dear All experts,
Please elaborate the procedure for appointment of MD in Private companies.
Thanks & regards.
a company has failed to file AOC-4 XBRL within the time, now what we need to do? Can we file the form with payment of additional fees or we need to go for condonation of delay.
Answer nowIf company has Previous year business transaction how to go for FTE scheme. As per Section 248 of the co. Act 2013 we can go for FTE by a special resolution or consent of 75% members in terms of paid-up share capital but this section till yet not enforced and co. wants to go for FTE then what is the solution for this.
Answer now
Dear Sir,
We want to file Private Placement Offer Letter(PAS -6).But this form is removed from MCA Website.Please let me know whether new form is available to file Private Placement offer Letter?Please help me in this regards.
Thank You
Can the Company pay remuneration to its Managing Director and Whole Time Director on availability of sufficient profit upto prescribed rates provided in the Section 197 of the Companies Act, 2013 on Net profit of the current year, even though the Central Government has fixed their remuneration for a particular period.
Appointment of md in private co.