Hi,

In distribution business,a distributor deals in buying goods from a company which deals in such product and selling of such goods thereon.
while mentioning main object of the company of such distributor, dealing in trading, can we mention buying, selling, reselling of any goods?(because he can trade in any types of goods)

( If company is to be incorporated) Pvt Ltd co. has 4 directors A (MD),B (Chairman),C, and D having 40%,30%, 30%, 0%

Ques r :

1 whether we can mention in AOA that "Mr. B shll be the chairman of all board meetings.

2 what are the powers of the chairman if all the directors are against him

3 whether we can appoint MD to retire by rotation.

also whether any extra powers can be given to Chairman



Thanks in advance all my respected seniors

I have two queries related to Board Meetings



1.A Board Meeting has been adjourned for want of quorum.what if there is no quorum in the adjourned meeting also?

2.Please explain what is Passing of resolution by circulation....



THANK YOU....

In case of conversion of debentures (originally issued at discount)into shares the amount realised(net of discount)on issue of debenture is used as basis for determining number of shares to be issued otherwise it amounts to violation of sec 79 of companies act,1956.Please enlighten why is the provision of sec 79 getting violated

Dear All,

We have a Private Limited company who receive Share Application Money before 1 year and effect of the same has been taken to Last Year Balance Sheet.

Company has not alloted shares in respect of thease application money and they remained in account for the year.

Now my question is if we want to allot thease shares in current year and current date What will be the Procedure and consequences for late allotment?
Can we file Form 2 for current date?

Thanks
Vishwas

What is a Procedure to change Legal representative of a company when he is representing a limited company in court case and before the judgement company wants to substitute the other person as a legal representative for the same case. who has authorization change it & any CS of the company can substitute the legal representative of the company?

We are going to use our parent company land for our manufacturing activity on 30 year lease basis for which we are going to issue shares to our parent company for the lease value.

Now my question is when the allotment will take place.

Can we give shares for the lease rent payable

Can a Pvt Ltd Company with the Authorised and paid up capital of Rs.1,00,000/- can borrow unsecured loans from directors??
If, yes than can Interest be charged at differential rates to different directors??

Can a private limited company having a paid up capital of Rs.1,520,000 can accept a loan from Director relative/friends, if at all it is taken can they pay the interest.

Please do clarify !

Dear Experts,

Kindly guide me... whether disclosure of directors need to be taken from directors of unlisted Company also.

Or it is applicable only for Listed Companies.


Thanks & Regards,
Siddhi