Dear Experts,

In a Public Ltd Company there are 3 Whole Time Directors and 2 Directors.

My query is that as per section 255, not less than 2/3rd of the Board of a Public Ltd company shall consist of rotational Directors.

So as the total strength of the board is 5, 2/3 of them i.e 3.33 or 4 should be rotational, whereas WTD is non-rotational Director and only 2 rotational directors are present.

In this case what is the course of action to be taken and is there any penalty devolving on the company ?

Thank you,

With regards,

Sathyan Avinash
e-mail id: sathyanavinash@gmail.com

Do we need to provide about those resolution in our minutes if the resolution are disapproved by the Board?

and do we need to put the resolution in the minutes of AGM if business is given as agenda in the notice but it is not discussed in the AGM.

Please provide your feedback.

Thanks & Regards

There is a one private Limited Company in which 2 promoters and they are directors.
One promoter/director want to resigne the company and a new person want to become promotor and director of the company.
the existing promoter and a new promotor want to change company name and its object clause.

my question are
Which are the forms I have to file to ROC?
can existing promotor and director resigne before change of name or object clause of company?
can new promotor enter?
Can I have to attched NO OBJECTION CERTIFICATE from existing promotor who wnt to resigned with form 1a?
Can I change name and object clause at the same time in one form 1a?
When I am making new moa and aoa new promotor can subscribe the same?

In how many committee a member can be a committee member at a time in one company?

Dear expert,

i want to start a company in pharmaceuticals and i need to registered of products , can you help me where these product registerd.

Dear Experts

As today is 30th sept. and as per notification new form are to notified wef today.

Pl confirm are these been notified today and can we upload them today itself.

thanks.

Dear Experts,

Pls send the Procedure for Appointment of Managing Director in Pvt. Ltd.

the Ministry vide circular number 31/2012 dated 28/09/2012 has extended the due date for filing Form 23B without additional fee for accounting year 2012-13 upto 23/12/2012 or due date of filing whichever is later.

ALSO the Ministry vide circular number 30/2012 dated 28/09/2012 has further extended the due date for filing Form 23AC and Form 23ACA in non XBRL mode in the following manner:

Company holding AGM or whose due date of holding AGM is on or before 20.09.2012, time limit will be 3rd November, 2012 or due date of filing, whichever is later.

Company holding AGM or whose due date of holding AGM is on or after 21.09.2012, time limit will be 22nd November, 2012 or due date of filing, whichever is later.

I have received more than two crore rupees from UAE through FICR (foreign remittance) I have to allot equity share against them. will it be through discount cash flow method. Please tell me the procedure of allotment.Our company is an NBFC. What are the formalities to be complied from RBI point. Please help.Its urgent.

Dear All

I intend to form an LLP. Form 2 was approved on 28/09/2012 and incorporation certificate was obtained on the same day.

But LLP Agreement was made on 10/09/2012.

Please clarify whether I have to make a fresh LLP agreement or the same can be filed in form 3.

Thanks in anticipation.