WHAT ARE THE THINGS WE NEED TO DO IF A PRIVATE COMPANY IS GIVING REMUNERATION TO ONE OF ITS DIRECTOR CUM CHAIRMAN RS. 5 LAKHS P.M. AND OTHER DIRECTORS 2.5 LAKHS AND 1 LAKHS P.M. RESPECTIVELY AND ALL OF THE DIRECTORS ARE RELATIVES.

What will be the consequences
As per income tax and as per company act

if Dividend is paid in private company.. more than 1/10 of p.y paid up cap and free reserves and Even dividend tax is been paid on that...

If a Company Shareholder died and according to his will his shares will be distributed in his two daughter in equal proportion.
In that Case, we will Cancel the Old Share Certificate and issue two share Certificates in favour of his two daughter under the same distinctive numbers ??

Copy of residence proof (electricity bill, bank statement, water bill, telephone bill)
of all subscribers (not having DIN) should be attached as per rule 16(1) of the Companies (Incorporation) Rules,
2014. It should match with details filled in SPICe and not older than 2 months.(attached proofs are mismatched with
details filled in SPICe)(In attached residence proof of RAVINDER SINGH LAMBA Passbook front page is of Bank of India
and transaction statement is of SBI, clarify).
As the maximum chances for resubmission have been elapsed. Hence the
forms are put for further orders.

what should i do please tell its urgent

With reference to the above subject, does the company require to file Form DIR-12 for the re-appointment of Independent Directors for the second term, approved in the AGM and if yes, please mention the relevant provisions.

Regards,

Dileep Rastogi

Sir, Does this include Pvt Companies as well?


This has reference to The Companies (Amendment) Act, 2019 promulgated on July 31, 2019.
Section 7 of The Companies (Amendment) Act, 2019 states as under:
7. In section 29 of the principal Act,—

(i) in sub-section (1), in clause (b), the word “public” shall be omitted;

(ii) after sub-section (1), the following sub-section shall be inserted, namely:—

“(1A) In case of such class or classes of unlisted companies as may be prescribed, the securities shall be held or transferred only in dematerialised form in the manner laid down in the Depositories Act, 1996 and the regulations made thereunder.”.

Can my Pvt LTD company which has not filed ROC since incorporation and has no asset or libilities can it go for fast track exit

While registering myself as a Practicing Professional on MCA, the following message is coming up:

'Income tax pan details do not exist in the system'

What does it mean?

Dear Experts,

Can notice for annual general meeting of private limited company be issued before the date of approval of financials by directors?

A director (of a Pvt company) resigned from a company in 2014 vide written resignation. He did not file DIR-11 as required. He was shown as a director in annual filings of the company in all these years.
Can he file DIR-12 now with the same date of cessation? What happens to the filings done with the MCA?
Expecting an early reply.