i am in urgent need of article of association of public limited company limited by shares invovled in real estate activities & registered in India
can anyone help??????????/

Plz send me a MOA format for clinics & hospitals, diagnostic services, pathlogy, medicine trade etc.

A relative of director is appointed by the Board to hold place of profit at a monthly remuneration not exceeding Rs.8000/-. As per Sec 314 this does not require approval of EGM or Central Government. The company is public limited and is having capital Rs.10 crore.

The query is: whether we need to obtain approval of Central Government u/s 297 for availing the services of such relative of director.
As per circular 13/75 of 1975 the professional services of advocates/ solicitors who are relatives of directors have been exempted from the purview of sec 297.

Could somebody pls clarify whether Central Govt approval u/s 297 is required if:
- the appointee is not professionally qualified

- the appointee is professionally qualified

X Ltd - (Foreign Co) holds 99.99% of shares in PQR Pvt Ltd (Indian co) and 1 share (0.001%) is held by Mr. NRI as Nominee shareholder of X Ltd.
Now i want to transfer this 1 share held by Mr. NRI to other Foreign Company.
please guide me with:
1. whether should i follow transfer of share (s.108) or should i need to follow change of nominee route (S.109A)of Co. Act.
2. Fema Guidelines for transfer of share from Non resident to non resident.
3. also do it involve any transactions for purchase price and how it is valued under FEMA / Companies Act.
4. what are the formalities to comply with under FEMA and Co Act.
please reply me urgently.
thanks
in advance.

Hello Sir,

Please Anybody provide me the MOA Draft of co. The Co. main Object is advise to all business activity .Suppose my Co. name is ABC Advisors Private Limited.
Advisors related to Brokrage, Business Insurance activity.

What is the Applicability of LWF deduction.
Is every employee/employer is liable for payment of LWF or for certain Salary range it is applicable?

Secondly,what are the benefits of deduction of LWF?

Sir, I have received the CIN of a publlic limited company.(ASC Rs.500000/-, Limited by shares).What will be the next and subsequent steps to get the Certificate of Commencement. Shall I have to file e form 20,62 & SLP. Please reply it is urgent.

Dear All,

I have a query, in my company we applied for a bank loan of Rs. 50 crores but loan sanction was 40 crores, we didn't registered a charge meanwhile our bank loan was revised and we were sanction 45 crores loan. Now, my question is whether I have to register earlier charge of 40 crores and then go for rectification for 45 crores or I can directly register a charge of 45 crores. Please also let me the process to create a charge.

Awaiting an early response from all of you.

Thanking You,

Warm Regards

Ritu Agarwal
C.S. & LL.B.

The Board of directors want to reduce the remuneration of director from Rs.1.50 Crs to Rs.1.00 Cr. Is the approval of members required in this case? Is there any section for reduction in the remuneration?

Dear fellow professionals,

X Ltd has been incorporated as a wholly owned subsidiary of Y Ltd with a paid -up capital of Rs. 5,00,000/- comprising 50000 shares of Rs. 10/- each.

Out of the said 50000 shares, 49994 shares have been agreed to be subscribed by Y Ltd in MOA and rest 6 shares are agreed to be subscribed by 6 persons who are the employees of Y Ltd as nominees, in order to fulfill the minimum requirement of 7 members in a public company.

Now my query is with regard to the compliance of Section 187C. As per this section declaration is to be given within 30 days of entering of name in register of members.Since their names have been entered as subscribers to MOA, then whether the declaration must be filed within 30 days of date of incorporation or within 30 days of allotment (which will be done only after obtaining certificate of commencement of business)?

Please give your views.