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?

Section 289 of The Companies Act does not specifically restrict the circular resolution (CR)for issue of duplicate share certificates.

Law speaks that duplicate share certificates shall be issued with the approval of the members of Board/ Board level Committees if specifically delegated by the Board. If it needs to be approved only at the meeting, all cases for issue of duplicate share certificates will be pending till the approval at the meeting. Instead, we can go for CR if the law provides for that.

In light of the above, i request you to share your views to resolve the issue.

Hence in single line question is, whether approval can be sought via CR for issue duplicate share certificates?

Dear Experts,

kindly let me know the complete procedure for conversion of unsecured loan (taken from Director cum shareholder) in Equity share Capital in a public Company.Also provide the draft resolution for the same.

Please also clarify whether it will be treated allotment for cash or other than cash.

whether any agreement is required for that conversion or only resolution is sufficient.

In private company, if a director's relative is to be appointed as director with remuneration.
* What procedure is required to be followed ?