Dear friends,

Need ur expertise on this.

Want to recollect the concept and provisions for rotational Director (Sec 254 255 256):

First director are appointed as per AOA, assume named in AOA of co. and no further provisions are given in respect of them as per sec 254 (Sec 254)
During First AGM following process is followed
A. All First director retire at first AGM and are eligible for reappoitment.
B. Shareholders choose the directors who are non-rotational, maximum of 1/3

3. In the Second AGM first the rotational directors are retired.

Is this process correct or

First director don't retire at AGM
Rotational and Non - Rotational directors are decided by Board among themselves anytime before AGM
Waiting for your comments.

HAI EXPERTS,
MY QUERY IS WHEN WE ARE FILING FORM-2 FOR ALLOTMENT, IT SHOULD BE PRECEEDED BY FORM-23 OR NOT. KINDLY CLARIFY?

Dear Sir
I want legal view on if Mr. A is a share holder and he died then his shares can be nominated to his legal heir (i.e. Mr. B ) just by Application and requisite formalities i.e. Without Stamp Duty. But my Question is if the shares are directly transferred from Mr. A to Mr. C ( i.e.Mr. B’s Son ).Whether the Stamp duty is applicable? And what formalities are required to be followed?
Mr. B has no objection in it and ready to give affidavit on it. All documents are available.
WILL mentions nothing.

Dear All,

I have a query regarding the appointment of Whole-time Director of a public company.

Can we appoint a whole-time director by circular resolution?

If we refer section 289 and 292, it lists down the businesses which have to be transacted only at board meeting. This list does not include appointment of WTD.

Please Clarify.

Can minor become a director in public company or in private company?

as some authors believe that DIN is not provided to minor but MCA not clarified about that.

As per any provisions of Companies act. is there any restriction for having more than one chairman. one can be chairman of the board and general meeting and other will precedes over sub committee.
please reply.......

Dear Experts,

A Pvt Ltd Co. which has Rs. 1,00,000/- paid up capital.
In future its capital decreased than what will happen ?
Please tell me as soon as possible.

After how many days of incorporation of a private company, the share certificate must be issued?

23B is Manadatary for Ist Auditor, yes or no

Director without holding any shares (Qualifying shares not required) had invested in the Pvt. Ltd. Company. if he resigns as Director and his unsecured Loan is still with Company (not repaid). in this case weather this is a violation under sec. 58 of The Companies Act.