In a closely held public ltd. company, if the remuneration paid to the directors exceeded the overall limit laid down in the Act,what will be the consequence?Will it be necessary to ask for refund from the directors?What will be the auditors duty in this case? Directors were appointed without the Central Govt.s approval.

what are the provisions to be drafted in Articles of Association of the Company regarding Debentures in a Private Company. And what are the rights available to the Directors of the Company with regard to the Debentures.

one company directors are directors in Anoyher com.
my Q is that both the companies are holding subsidiary

A COMPANY HAVE 6 DIRECTORS (OUT OF THEM 1 MD).

THE COMPANY FIXES THE REMUNERATION TO THE MANAGING DIRECTOR AT THE RATE NOT EXCEEDING 5% OF THE NET PROFIT OF THE COMPANY CALCULATED IN ACCORDANCE WITH THE PROVISIONS OF 349 AND 350 OF THE COMPANIES ACT, 1956

IS THE COMPANY'S DECISION VALID?

Dear Experts,

This query relates to acceptance of deposits by company

The Companies (Acceptance of deposits) rules say:

A company can accept deposits for repayment earlier than 6 months subject to 2 conditions
1)Deposit not to exceed 10% of paid up capital and free reserves
2)Not repayable earlier than 3 months
Can a company accept deposits repayable in 6 months?
Also, if the Company fulfills the above conditions, does it still needs to fulfill the other conditions viz, advertisement or statement in lieu of advertisement, maintenance of liquid assets etc.

Please share your views.

Thank you

I ahd applied for Name Availability and already get approval for it.
We want to incorporate Closely held Company (i.e. We are not issuing shares to public)
So which are the forms we have to submit in order of preference to get incorporation and Commencement Certificate.

if company secretary appointed on ist of june 2012 and return not filed in 30 days can it be filed on 15th of sept 2012 .
query i ) will mca 21 accept the filing of the return or reject it.
2) will mca 21 ask for filing of late fee
3)will payment of late feee end the matter there and there.
in short is back date appointment and delayed fiking of return possible.

Dear,
MY question is that a director gives services (not in professional nature)( e.g.director(however he is not a electrician) repair a genset at one time when no electrician avalabe in the market that time...) non-retainable basis.. thats also amounts to opp???????

In a private company when shareholders vote at a meeting, is their individual vote considered proportional to their shareholding (so if they hold 55% of shares, will their one vote count as 55 out of total 100)?

Can some tell me abt roc requirement to be complied with in case of new co. to be incorporated (At the time of registration n annually compliance)