I am in the process of filling Form no.32 for the first time and I am facing problem in deciding the designation of directors.

(1) There are two directors who are also the promoters of the company.Can I designate both of them as Managing director cum Chairman.

(2) Can I designate both of them as Managing director cum executive director.

(3) Can I designate one of them as a Managing director and other as director + Manager.

Sorry for asking too many questions in one query. Urgent reply is appreciated.

If a listed Company is reimbursing expenses to a non executive director,and there is no resolution passed to that effect by the Company nor any CG approval has been obtained, would it get covered by provisions of Explanation (c) of S. 198. The director is not a professional.The Company is not deducting income tax thereon. Would this violate provisions of The Companies and Income Tax Acts. The auditor has only disclosed it as an item under AS 18.
Thanks in advance

Dear All experts

I filed Form 1,18&32 for incorporation of a new private ltd. co. I filled Form 1 with authorized capital of Rs.3 lakhs and prepared MOA with Rs.3 lakhs capital. Paid all stat. fees while filing.

ROC chennai issued a re submitting of all forms mentioning "MIS MATCH IN AUTHORISED CAPITAL IN FORM 1 WITH MOA"

Kindly inform me why i got such a query advise me on what I have to do next?

After the commencement of certain sections of Companies Act 2013, is the following paragraph sufficient to indicate that certain provisions in the AOA also will be as per Companies Act 2013? If not, then what should I add?

"The Act" means the Companies Act, 1956 including Schedule Rules and Forms there under and includes where the context so admits any reenactment or statutory modification thereof tor the time being in force.

Hi
There is a company which runs a hospital, a director of which is a doctor. Can a company give salary as well as professional fees to him provided professional fees are towards operations performed by him. If company can give professional fees, is there any limit to the same?
please reply

Can internal Auditor of Holding company become statutory Auditor of subsidiary company? if not then what should be done to remain statutory Auditor of subsidiary company ?

as new companies bill has been passed, will it be applicable in ca final may 2014 exams?

Dear All,

I have a doubt regarding preference shares .

We have received funds of Rs. 10.8 lakhs from the lender as subscription money for issue of preference shares on 31-08-2012 .

But in the annual return for 2011-12 we have not mentioned about this issue .

Now we wont be able to file Form 2 prior to 31-09-2012(AGM date).

The point is can we use the amount of 10.8 lakhs for ant other purpose ?

Thanks in advance .

i file eform 1A for company name approval.
the name was approved by mca.i file 3 director as a subcribers of moa .now i want to decrease no. of director in form 1.
can i do it ?
if yes please give me the procedure ?

Section 372A covers investments made in security of other body corporate.

i want to know whether trading done in Future and Options is also covered u/s 372A. if yes, how do we make entries in register maintained u/s 372A because in F&O margin fluctuates on a daily basis.

pl sugggest?