Hi Everyone


My 1st Query

can members of the the Company have right to inspect the Board Minutes. Plz site the provisions.

My 2nd Query

can a company who is a party to a CLB petiton (against whom the petion has been filed) can be a member of amalgamation n enter amalgamation. what is the provision related to it.

can company change its name when such petition is still pending in CLB??

Please Guide me in this

Regards

Abhijit

Dear All

Mine is Public Ltd. Co. i want to change the desg of WTD to MD on the same terms & conditions, but want to change the period of appt ie effective from 01-01-2011 to 31-12-2016.

Please provide me the procedure for the same with the draft BR & SR.

Can a whole time director of two limited companies (one of the company is a listed company)withdraw remuneration as whole time director from both the companies within the limits prescribed by the Schedule XIII.

Please someone specify the detailed procedure for reduction of share capital.

And also provide Form no. 18 to 32 of Companies (Court) Rules,1959.

Listing agreement says " the board shall meet atleast four times a year with a maximum time gap of four months between any two meetings"

now can we take the interpretation as there may be a time gap of more than 4 months between 2 board meetings taking place in different years...e.g.
we have conducted a board meeting on 17th of January 2010 then the next board meeting can be held on 30th May 2010 for placing audited financial result..as time gap exceeds 4 months but its a new financial year.....

further, the word "year" is used herein above means a calender year or a financial year...reply soon...with documentary reference...

Section 226 (1) read as"226. Qualifications and disqualifications of auditors.
(1) A person shall not be qualified for appointment as auditor of a company unless he is a chartered accountant within the meaning of the Chartered Accountants Act, 1949 (48 of 1949 ):

Provided that a firm whereof all the partners practising in India are qualified for appointment as aforesaid may be appointed by its firm name to be auditor of a company, in which case any partner so practising may act in the name of the firm."

MY QUERY IS WHETHER THIS SECTION PROHIBITS FROM APPOINTING A FIRM OF SOLE PROPRIETOR CHARTERED ACCOUNTANT IN THE NAME OF FIRM? SAY CA XYZ IS PROPRIETOR OF XYZ & CO. WHETHER A COMPANY CAN APPOINT IT BY STATING FIRM NAME?

Hello..........
can anaybody pls tell me what are the consequences of non payment of stamp duty on issue of share certificate by closely held company? How to avoid that?Ours is closely held company and non profit making company

Respected Experts,

Can a unlisted company be incorporated with a face of value of shares less than one rupee..
and secondly can we alter the face value to less than one rupee for already incorporated as unlisted company.. please provide section numbers or case laws as applicable

What are the steps to be taken by an HUF firm, wants to change its constitution into private limited company.
Which is the best possible way and what are the tax implications.

Dear All

Please note that while making the calculation under section 349 the most of teh deductions to be made from the net profits like interest on mortgages excuted on the company, etc are already been deducted from the gross profits while arising at the said net profit of the company. SO what is the logic behind deducting them again. Kindly help.