In my company we had passed board resolutions for the appointment of Additional director cum managing director and he is appointed for a fixed terms of three years.

Now in the ensuing AGM we are passing special resolution for the appointment of Managing director.

But whether I need to pass separate resolution for regularisation under section 257. I am confused because he is appointed for a fixed terms of three years so he is not holding office upto the date of AGM as per under section 260.

Will it be sufficient if I only pass special resolution for appointment of managing director.

My query is whether any maximum cap or restriction so far unsecured Loans from Directors & relatives in case of Pvt.Ltd.Company i.e. closely held company in proportion to Total Share Capital & Share Premium account as per Companies Act.

If yes then provide complete details with relevant section.

Thanks in Advance.

As per Section 260 Additional Director is holds office upto the next AGM.

my query is, if there is an EGM before that AGM is in mandatory to regularize such additional director at the EGM or NOT?

a co. has inc. in year 2007..but had not compiled any of the formality regarding roc...authorized capiat 5lac ..paid up 1 lac..co has further issued new shares bt have not filed form 2..bt shown in d books of accounts money recieved..co even wants to appoint new dir for d co. frm back date and remove 1 of d first dir..so now wat r d formalities for dis co. as per roc

Apart from maintaianance of registers and minutes and filing of annual return, what are the other statutory compliances to be complied with by a private limited company.

Sir undr sec 87(2)(b) of the companies act 1956,it is said that cumulative pref share holders are entitled to attend n vote in a general meeting of a company if prf dvdnd is in arear for more than 2 years....so my qust is will they constitute the qouram in this meeting??

Dear Sir/Mem
can you please tell me wheather it is requied to file form 61 to ROC alongwith form 25 A in case a pub. Company is going to get central govt. Approval for the appointment of Managing director under 269 of companies act.

If yes, under which section it is required

Dear Sir

Can you help me sending circular for change in listing agreement about declaration of Quaterly result for listed companies for Quater four about time limit in whcih we can declare the result and change in that as I heard now we have to declare audited result with in 60 days of closure of books as per sebi circular

As there is amendment in union budget 2012 . If director's remunaration apart from salary is being paid, 10% deduction will be done on th said amount.
What difference basically its talking about.
Whatever remuneration we pay . consider as salary for I. Tax Act and deduct the tax according to slab rate.
Kindly clarify

How is networth and book value of a company calculated