In case of a Private Company which is a subsidiary of a Public Company, a person was appointed in the General Meeting of the Company as a Director of the Company libale to retire by rotation. Now, the Company has ceased to be a subisidiary of a Public Company and has regained the status of an Independent Private Company. So, whether the Director appointed to retire by rotation is liable to retire by rotation at the AGM of the Company?

In case of an appointment of a Director at the GM of the Company, is it neccesary to mention in the resolution that he is appointed as Director of the Company liable to reire by rotation???? If this is not mentioned, is there any violation of any section of the Companies Act, 1956?????

God Bless

Udit Sharma

Our company is a public company (State Government Undertaking). There are total 11 directors on our board out of which 10 are Nominee Directors. To the best of my knowledge provisions of retire by rotation is not applicable on Nominee Directors.

My question is that, how many directors are liable to retire by rotation at each AGM.

Can a private company which has a paid up capital of Rs. 1 crore. and the directors are also directos in other company. and there had been some transactions betwenn both private companies. the other party i.e., othe dealing party is a private company which has a paid up capital of less than 1 crore. and the company has not taken cg approval. kindly tel me the wayout.?????????

Hi all,

I just want to ask, can promoter or director of the pvt ltd company is appont in back date if 1 director had alredy resign and 2 nd director accept his resgination.Coz i know rule of pvt ltd comapny have 2 director but in case now only have one director,Please give me solution

If A Ltd becomes the Holding Company of B ltd then what are the compliance required to be met by Altd(holding co) as per Companies act and ROC?????

hello sir

my query regarding borrowing by Private Company has been resolved and said yes.

now i wanted to know that whether any restrictions apply for borrowing in company name because one of my senior CA
has said not to borrow directly by company , instead he has insisted to accept loans by Managing Director and then give it to company from his account.

Please explain it to me. substantiate it under tne provisions of the act sir.

thank you and its urgent please

we r manufacturing in union territory daman while our office is in mumbai. mumbai office having sales from there & raise the invoice in name with there (mumbai address) ,daman sales from daman & raise invoice in daman address name where we have to file return of it & vat mumbai or daman ?

for example: a private limited company's managing director died on 25 mar and company called a meeting on 30 mar to appoint other whole time director to the post of managing director W.E.F from 27th march then
1)what should be the date of dispatch in this case
2)the dating sequence done for this purpose is it correct if not what should the
a)date of dispatch of notice
b)date of passing resolution
c)from which date the new MD be appoited

without changing date on which the MD died that is 25th march

please clarify

Under what circumstances the company can reopen or make revision in the financial statements. The circular issued by ministry of company affairs mentions as "under certain circumstances". Could any one of u tell what is it.
Lalitha

Dear members

Do we have any time limit under company law within which Form 21 for filing the order u/s 141(1)(condonation of delay in filing form 8)should be filed? Kinldy do clarify.

regards