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 ?

Dear Sir,
I have a query for Disclosure of Shares being alloted for Part consideration as cash and part consideration other than cash.
Example in this situation:
A Ltd has to pay to B Ltd Rs.100
B Ltd has to pay to A Ltd Rs.70

Then B Ltd gives the offer to A ltd to Take the shares of Rs.100 and pay the balance Rs.30 in cash as net settlement.

Then what would be the required disclosure of the allotment.
Opt 1- Entire allotment for consideration other than cash
Opt 2-Entire allotment for cash
Or Any other,if yes,then please provide.

Thank You

Company name is approved and need a rent agreement for the registered office.
Who will enter into agreement? director?

Actually registered office is of my house and my father is owner. So please clarify
Thanks

a partner of a firm, in which the relative of a director( of a company) is a partner.

wil he be covered under the list specified in sec.297 of comp.Act?

hello all,

Can anybody send me a Comprehensive Compliance Checklist for Insurance Company?

Dear Sir

I am to incorporate a unlisted public limited company

I am aware that statement in lieu of prospectus will be prepared and efiled

therefore I want to know which Form I need to Submit whether Form 62 or Form 20

If a listed company has called and conducted its agm on a public holiday, what are its consequences and what remedial actions can the company take to rectify the same.

Also ensure if the business transacted will be considered as null and void or valid?

my client has planning to take money from foreign investor to set up a new buisness in future. the same is received in currently in the pvt ltd company. the foreigner is just a investor i.e. sleeping partner.
my client has paid up necessary fees for registration of this transcation abou 1.25 lacs.

now my question is.

1. wether a pvt ltd comapny can take a loan from a foreign investor who is not a director, member or relative.

2. what procedure to be followed by the company to take amount from the investor.
3. what document to prepared .
4. which resolution to be passed.
5. can a company first issue the shares to investores and then take a loan is it possibel? because issuing share to him become a shareholder. and then we take money as a unsecured loan.

6. wether tds provision attrated to this.

pls reply as soon as possibel because it is urgent.

thanx in advane.