Can an unlisted Public company go for private placement to existing shareholders, directors & their relatives? what are the requirements that should be complied by the company as per companies act?

Dear Friends / Experts,

Please see and do the needful.


ABC Limited proposes to file Form 32 for appointment of Additional Director.

Secretary of the company is digitally signing the form. Secretary is a Member of ICSI.

Query

The E-Form is not allowing ONLY the Membership Number to be filled in the FIELD. Suppose, the M.No. is 1234, E-Form is not allowing the same.

However, if I fill A1234 (Secretary is an Associate Member of ICSI), E-form is allowing and not throwing error.

Please confirm the proper way of filling the Membership number of the Secretary, who is in full time employment of the company.


Ans : .................


I may request the Experts to clarify me from their experiences 'ONLY' on the above matter.

Can any body provide me Search report format to be attached with Form 1A.

thanks & regards

Gautam Roy
ACS

Sir
A pvt ltd company has increased its paid up capital by debiting allottee a/c and crediting share capital a/c. the entry was made on 31.03.2011 but the cheaque is not cleared in the bank. the company has also filed form 2.
My question is can a company show the increased share capital in its balance sheet as on 31.03.2011 .


plz advise

can heavy advtg expenditure incurred for creation of brand in the market be treated as an extra-ordinary item for the purpose of declaration of dividend under section 205 of the companies act. kindly advise

Please guide if a private company going in for DVR for cash and premium - can utilise the premium only for one member for issue of bonus shares.
at the time of the issue of bonus, will it be considered as sweat thereby applying the sweat guidelines?

Sir Pls explain if a private Company has authorised capital of Rs. 50 Lacs and want to issue shares of Rs. 50 Lacs with Share Permium of Rs. 50 Lacs.

Can the private limited company do so.

Books of company seized by revenue authorities. The company got the books back after passing 17 months. During the period company was unable to prepare its final accounts and lay the same in AGM for adoption of the same. As the books were returned in current financial year auditor signed the balance sheet of previous financial year in current date.
What course of action the company should adopt in such a situation.

Sir,

Is it necessary the date of share allotment and date of share certificate in private limited company should be same?

What if it is not so.. Like allotment of share was given in 2000 and date on share certificate is of 2010. Is it valid share certificate form?

Hi,

I have an intention to start my own proprietorship firm and try out my hand in software services. The doubts I have regarding proprietorship are as follows:

1. Do I need to register or have some sort of legal agreement to be done for starting a sole proprietorship software services company ?
2. For software services is service tax applicable and how is it calculated ? Any exemptions as starting a business on own can lead to losses too and paying service tax would be burdensome that way
3. I understand that a current account is needed for a business, do I need to furnish any proof of being sole proprietor at the banks or I need some legal documents to prove the claim ?
4. Which income tax form is applicable for the income derived from this business ?
5. I already have a personal PAN card, do I need to apply for another PAN card in name of this company ?

I hope these questions are not overwhelming and that you would be able to help me out soon.

Regards
Athif