If a company fails to redeem its pref. shares after the pass of time period about 25 years since issue.
and now company wants to correct its mistake.
what action the company should take to avoid the heavy penilites against it...?

Dear All,
mine is the private company.

can any one provide me following type of
"Board Resolution for applying credit limits for takeover of existing credit facilities."

Is it require by the Board to take permission of company in AGM before applying

Sir, Is there any maximum age limit to becoming a director of comapany?

Rgds,
Priyank Jain

Dear members,
Our client co.filed 2 fc-gpr for its first subscription amount of rs 1.50lacs at two diffrent dates through FIRC dated 5/07/11 n 15/07/11 (issued by 2 diffrnt banks)and also alloted it at 2 dates by resolution dated 05/08/2011 n 11/08/11.nw rbi hv sent notice to d compny statng that being d subscriptn amount it cnnot b alloted at 2 different dates n only one fcgpr need 2 b filed with rbi.
My query is "is there any cirular or notification statng dat subscriptn amount cannot b alloted partly or any other circular related to the same.

Regards,
Astik Mani Tripathi

X ltd Consists of 2 Directors holding 189000 and 14000 shares. total share capital of x ltd is 268000 shares.
y ltd consists of 2 directors holding 8000 and 2000 shares. total shares of y ltd is 38500.x ltd holds 18500 shares of y ltd.
(x & y ltd hav directors in common)

can there be a holding subsidary relationship? if yes which company is the holding company?

Dear experts,

I want to know whether CA/CS/CWA will be eligible to appear before NCLT/NCLAT when it comes into function as it will have power similar to HC/CLB in corporate matters where these professionals are not allowed to appear before.

Pls.explain with evidence or section number what is the duration to maintain the books of accounts as per the companies act

Dear Experts,

We have been appointed as the auditor of one pvt ltd company. The company was in state of dormant due to non filing of annual return. We have filed all the returns now company is active. The problem is the MOA & AOA uploaded states orignal 5 subscribers & orignal 5 subscribers as directors where as now only two directors are in charge of company and they are only the share holders.

Can we restate the MOA & AOA subscriber page & signing page and upload the ROC.

What is the procedure for the same.

Dear All,
mine is the private company.

can any one provide me following type of
"Board Resolution for applying credit limits for takeover of existing credit facilities."

Is it require by the Board to take permission of company in AGM before applying

Dear All

A private limited Company mentioned Authorised Share Capital in its AoA and also inserted a clause that Company may increase their Authorised Capital by ordinary Resolution
Later on Company increased its Share Capital by passing Ordinary Board resolution but did not change Share Capital in AoA
They are arguing that Section 31 say for Special Resolution for Altering the AoA hence they cannot alter AoA by passing ordinary Resolution but it is not written Company need to alter AOA compulsorily
Kindly suggest Whether it is required to update Authorised share Capital in AoA or not?