Mr.X is already M.D. of two Public Ltd. Company,both of which belong to the same Group Company.Another sister concern of the said group desires to appoint him as their WTD.Can it be done.The Act provides that a person cannot be appointed as M.D. of more than two public limited companies.

A.K.Maitra

1. We are newly incorporated private limited company. Please explain me the procedure for Appointment of Managing Director in a private limited company. Please also explain whether the appointment can be done through the 1st board meeting.

2. Our articles are based on Table A provision. Please clarify whether Table A includes appointment of Managing Director.

3. Can remuneration of the Managing director based on the turnover presumed to be achieved. As we are new company we have not started our operation hence how can we commit to pay any remuneration to the Managing Director from appointment.

4. Also, let me understand what procedure we will have to adopt, if after six month the private company becomes public company in context of the present appointment of Managing Director.

5. We also intend to appoint a whole time director. Can a person, who is a whole time director in a public company can be appointed as a whole time director of a private company.

Please Clarify....

I am going to submit the Form-23 on MCA_POrtal as per prescribed manner.After making all the mandatory attachments,when I uploaded the form, Message display "The size of the form is exceed the maximum limit of 2.6MB".
Will you please help me??

Our is a private limited company. Authorised Share Capital 20 Lacs and Paid-up Share Capital 6.30 Lacs.

We have 4 shareholders holding 25% of the Paid-up Share Capital.

Is it mandatory to open a seperate Dividend Account (current account)to transfer the dividend and then pay to the shareholders - 4 Nos.

Sir,

Whether Revised Sh VI is applicable to company which is newly formed..if so,
then how can we give the corresponding comparative info preceeding the previous year..

Can EGM be conducted at a place other than registered office.

Please guide.

Regards

A Chartered Accountant has signed two balance sheets at different dated without mentioning that balance sheet has been revised in second balance sheet. what are the possible allegations and remedy under corporate law and IPC . kindly guide

CAN I SUBMIT 1 FORM-2 FOR 2(TWO) ALLOTMENT
ON THE SAME DAME (31.03.2012)

1= 50000 EQ.SHARES @10/-EACH ON 31.03.2012
2= 5000 EQ.SHARES @200/-EACH (10+190 PREMIUM) ON SAME DATE 31.03.2012

OR I WILL HAVE TO SUBMIT 2-SEPARATE FROM-2 FOR TWO ALLOTMENT ON THE SAME DATE.

PLEASE REPLY..THANKS

Hello everyone,

my question:

1. can a diretor of a pvt ltd company holding say 50% shares take loan from the company ?

2. can director of a pvt ltd company give loan to the company at interest rate say in excess of 30% pm. ?

waiting urgently for ur reply ?

Is is necessary to have 7 partners in Partnership firm to convert into Pvt Ltd as per part IX of Cos Act?

What if there are two partners in the partnership firm and both agree to convert the firm into Pvt Ltd?

Is it necessary to have both the partners inducted as Director in the Pvt Ltd?