Hi, is there any limit on payment of salary to the directors of a pvt limited company? If yes, what is the limit?

Secondly, are there any additional conditions as per the companies act which needs to be complied to before payment of salary to the directors of the pvt ltd company?

Kindly advise.

Regards.

Hello everyone,

one of our client want to form a private ltd company with 50 members.

capital of the company will be rs.100000.

after incorporation all these members will bring further money into the business and that will be shown as loan.

is their any problem in it. can ROC raise any objection since the number of members are large ?

Whether the declaration u/s 274(1)(g) is required to be obtained from the Directors, who have resigned during the year ?

Kindly advise.

Whether a director, who has resigned from the Board is required to give notice in form 24AA.

For eg. Company X has 3 directors, namely A, B and C. All of them had given notice in form 24AA on 31/03/11. Director C resigned on 31/08/11. Whether C is required to give notice in form 24AA as at 31/03/2012.

Auditor insisting on the notice from directors, who have already resigned. Please guide?

DEAR ALL,

CAN PVT LTD CO. GIVE ITS BRANCH AT RENT. IF YES PLS PROVIDE ME RESOLUTION FOR THE SAME PURPOSE

PLS... PLSS ITS VERY URGENTLY REQUIRED

Hello everyone,

Mr.X & Mrs. X stated a pvt ltd co. on 30/06/2010.with paid up capital rs.100000 divided into 10000 shares. both are holding 5000 shares.

now in the month of june 2012 mr. X & mrs. x decided to go to foreign country permanently.

Instead of winding up the company they sold the company to Mr. A & Mrs. A for Rs.50000/-.

Now they have come to me to complete the formalities so the Mr.X & Mrs.x can leave india.

kindly let me know step by step detailed procedure (also format of share transfer and form 7B) for transfering the shares in the name of Mr.A & Mrs. B.

I looked in MCA website but i was unable to find form 7B.

waiting for your reply.

Dear All,

A ltd company was incorporated in April, 2011 having 3 directors.

Later on two directors were appointed as additional directors in November, 2011. Following which two earlier directors resigned.

The company was left with one normal director and two additional directors.

Now in February, 2012, again one director was appointed as additional director, following which the normal director resigned from his office.

Now the company is left with 3 additional directors. Is this correct to have only additional directors.

What should be done now. The company being a limited company has also not held the statutory meeting within 6 months from incorporation.

Please help...

We have filed form 17 ie. satisfaction of charges for a private limited company, the satisfaction for part amount. But charges has been filed fully,

Is there any way to ratify the same or we have to go for condonation. Please explain.

with regards

Murugan

What are the LEGAL consequences (Penalty or otherwise) of qualified Audit report under Income Tax Act and Companies Act for :



1) Private Company





2) Public company.



Kindly take up the questions separately for Pvt and Public company and quote sections whenever possible.



Thanks.

Can a person who has been nominated as a director in a group company by one of its promoters be treated as an independant director.He has no personal interest in the new company in which he has been appointed as a director. However , he is already WTD in another company of the same group and both the companies may have certain inter-company transactions.