Dear Members,

Constitution of my Audit committee was like 2 independent directors and 1 WTD. (S 292A)

however, independent directors left the Co. (Unlisted Public Co.) and meeting could not be held for 1 quarter.

meanwhile new directors were appointed and committee was duly constituted again.

for 1 quarter, wherein independent directors were not there, should i show meeting appointing another WTD's as a committee members. of-course constitution will not be according to Sec, 292A.

or do i have any other remedy?

Regards,

Dear Sir,

In ABC P Ltd, there are 25 equity shareholders and 20 preference share holders.
Out of which 10 are common. i.e. They hold both equity and preference shares.

Now, while entering data into e-form 20B relating to filing of annual return of the Company, I have a doubt regarding what should be entered in the no. of shareholders field.

Is it 25+20 = 45
or
25+20-10 = 35 ?

Kindly clarify this query at the earliest.

Awaiting your earliest reply and thank you in anticipation.

Sathyan

A Pvt Co/Public Co. Can Take Loan From Individual Person, if He is Not Shareholder.

Please Give Full Detail That What are The Limitation of Taking Loan & Giving Loan in Pvt & Public Co.

DEPRECIATION AS PER COMPANIES ACT, 1956:

Asset purchased on 20th November, 2011.

Whether the depreciation will be calculated from 21st November or from 20th November itself ?

(Whether to include purchase date or not ?)

Please support your answer with relevant judgment, law etc. (If any)

Dear Sir,

While filing Form 2 for ESOP allocation,

whether the shares should be considered as "shares issued for consideration in cash" or "Shares allotted for consideration otherwise than in cash"

The shares are issued at less than FMV.

Regards,

Sir,
please suggest me that how to create a new company with roc and what is the legal procedure, forms and formalties

Whether Agency Chrarges paid to C&F agent for his services can be Capitalised in Cost of fixed asset under compnies act...?

One of our client is importing Machinary & for custom clearing he is using services of Clearing & Forwarding Agent(C&F) for custom clearing & C&F agent gives his bill which comprises of following teo things :
1.) Reimbursable expenses which he has incurred on behalf of us such as Dock charges, transportation exp, loading - unloading exp etc.
2.) Charges for his Services which he has provided to us & he writes this charges in bill as "AGENCY CHARGES".

So now query is that whether this agency charges can be capitalized in cost of Fixed Assets as per AS-10 or not..?

Thanx in Advance...

whether a partnership firm registered should be registered under companies Act?i am planning to start a textile shop business,and it is registered with registrar of firms.partnership consist of only 2 members.whether i should register it under companies Act?how can i register it?

Dear Professional colleague,

Can anyone provide me main object of MOA for company engaged in Manufacturing, reselling medicine shelve i.e medicine container for hospitals and medicals.

can someone please provide the draft resolutions for private placement of preference shares by a private limited company. also a draft term sheet for issue of preference shares. kindly let me know if any other additional document is also prepared for this purpose?