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.

Can any one tell me difference between Private placement and preferntial allotment??????????????

I have two queries and shall be obliged if anyone could help me.

(1) I would like to know that whether there are any other conditions than those illustrated in the EES, 2011 Scheme on the basis of which R.O.C. may refuse to strike off the name of a defunct company. In other words is the list of companies for which this scheme is not applicable exhaustive?
(2) Can a defunct Pvt. Ltd. Company apply for striking off its name under EES, 2011 Scheme if it has done no business for the last ten years but has a small fixed deposit? In other words can R.O.C. refuse to strike off the name of a company if it has a small fixed deposit with a bank

Dear all,

Can anyone kindly let me know the solution, for the following problem:

A private Limited Company has been incorporated with two subscribers(who are also the directors), but after the incorporation of the Company one of the subscriber has not paid the amount which has to be paid by him, so what is the remedy available for the Company, can it forfeit the shares.

Kindly treat the matter as urgent.

On applying for converstion from a public company to a private company,cofirmation of substantial creditors is required.What is the meanibg of substantial creditors ?

On conversion,can a private company continue to have a public company as its subsidiary ?