One of my client want to form a company with a Name which is similar to a company name which is Dormant as per MCA records as its last AGM was held on 01/05/1970 and nothing happen after that.

Pls guide can we have to mention that company name also in form 1 for name approval

Experts

Section 293A of Co. Act,1956 states that a Co. not in existence for 3 financial years can not make political contribution.

Now suppose the co. Incorporated on 01.01.2007 with first F.Y. ending on 31.03.2007. Now can it make a political contribution on 01.04.2009(since 3 F.Y.'s are 31.03.2007,31.03.2008,31.03.2009) ? Bcoz words are used are Financial years & not the year.
Or It can not make political contribution before 01.01.2010 ?
Plz clarify, bcoz in books, author is of the view that contribution can not be made on 01.04.2009.

Sir Pls guide Can a Practising CA apply for DIN and be the Director of a Private Limited company

Dear Friends / Experts,


Regarding effective capital of ABC Ltd, please clarify my following query :

MD appointed on 01.06.08
MD resigned on 31.10.10

Company proposes to file Form 25A for waiver of excess remuneration paid to MD due to loss.

Company is adopting the financial year as JAN-DEC.

Query

for calculating the effective capital, which year should be considered i.e. 31.12.08 / 31.12.09 / 31.12.10 ?


Ans : ................ (my case falls under
Case a.)


Please clarify my above query. Thanks.

when partnership co convert into company which statutory act is applicable?
i know co act 1956,income tax act 1961,apart from this which are others?

Can a Pvt Ltd Company borrow/accept funds from its members?
Any restriction on maximum number of members
Any limit on maximum amount that a company borrow/accept funds from its members

Sir,

I have a query regarding Directorship,

Can a existing central govt employee become a director in a private limited company? if not, can any of you explain me in detail with relevant section specifying regarding this ?


Do the needful at the earliest.

Thankz in advance.

Regards
Tharani

Sir

If under one section penalty is Rs. 5000/day for a default & in another section it is Rs.500/day, further the penalties are cumulative, then what would be the penalty for a single day default ?

The company is a public company. we want to convert the co. into a pvt co. by passing a Spl. resolution in the agm. we also want to re-appoint the md of the co. in the same agm, as his term is also expiring in dec 2012. Please let me know if it is possible? If yes, kindly provide the whole procedure including alterations to be made in articles of association of the company?????

Hi,
can we pass a board resolution and adjourn the same meeting (on some other day)

And pass another(second) resolution on adjourned meeting.
Pls clarify