As per the above quoted section the public ltd can borrow the aggregate of paid up capital and free reserves. But please clarify that for calculating the borrowing powers latest audited balance sheet i.e. 31st march 2011 amount needs to be taken or unaudited quarter / period ended 31st december 2011 can be taken for the purpose.

kindly solve my query...... :)

in a aprivate company as on date of AGM all shares held by only one person, shall it conduct AGM for that year with one person

Hi,

Can anybody mail me the procedure for formation of LL.P.?

Regards
Jagdish

Dear All,
My query is:
A meeting is to be held on 14.02.2012 to adopt unaudited quarterly results of Dec. 2011. But the meeting got cancelled. The new date of meeting is 27.02.2012. What will be the date in the limited review report? Will it be before 14.02.2012 (before 45 days from the end of the quarter) or after 14.02.2012?

Hi,

A company having a paid up capital of Rs. 100000/- with two directors. One of them holding 5% of share and other one holding 95% of share. Now the company propose to coopt a third director but the person holding 5% of share is not willing to attend the Board Meeting and signing the resoultion etc., and not even allowing to change the bank operations. Now i want to know whether the company can coopt the third director without holding the Board Meeting.

sir my query is that can minutes book of board meeting and Annual General Meeting be maintained in loose leaf form. if yes, then in what section and in how many days it should be bounded.

sir i want to know that is there any mandatory requirement in company law to held a board meeting and take approval of board for transfer of shares in private and public company. if we transfers the share without board approval then what is the penal provisions.

Hello Members,

In case all the Directors of the Company are liable to retire by rotation then how many of them would retire every year.

Assuming there are 6 Directors in the Company.

Regards,

If a Pvt Ltd Company is formed with only 2 directors, both being foreign nationals(but staying in India for almost all the year), is the company restricted in any way? Is there something which this company cannot do but a company with Indian directors can do?

Dear All,

Can anybody tell me , that if the shareholder dont have any legal heir behind him , then to whom his shares to be transmit after his death ? what is the procedure ?