Dear Sir,

One company Purchase goods from it's vendors but the payment is made by Group Company ( The company in which directors are interested). Whether Section 297 will be applicable in this case ( As the company is not purchasing goods directly from the group comapny, only payment is made by group company).

Further, Will it attract the provision of Section 372A of Companies Act as well?

Regards,

CA Vivek Sachdeva

I am having a partnership firm intending to be converted into a private limited company.
I have understood that i will have to file FORM 1A, 1, 18, 32. (Please correct me if i have to fill any other form also)

Can someone tell me the fees of all these forms. I am from Rajasthan.

The capital in the partnership firm is currently 10 crores.

can anyone tell me about transfer of shares ??? i have heard that shre transfer is easy in public co in comparison to private company ?? one private equity fimrs invests in our company and they emphasize that u need to convert in private limited from public for the aforesaid reason.. why is it so ????

Dear Expert,
i wish to inquire that can a private company pass a resolution in its board meeting to the effect that "chairman of the board shall be the chairman of all general meetings of the company ?" ...further i wish to add that whether in case of a public co. too shall articles containing the above fact that chairman of the board shall be chairman of the general meeting hold good...??

acc to sec 255, dirctors are lible to retire by rotation,its not mention anywhere is that only additional directors or executive directors is also lible to retire by rotation..pls explain

A Company has filed Form 1A with proposed Authorised Capital of Rs. 1 Lakh. The ROC has approved the name application. Now the Company wants to Increase Authorised Capital. Can Company enhance the same before filing of Incorporation Documents?

Dear All,

We are a closely held limited company (i.e. not listed) where 3 of our family members constitute the board of directors & hold a controlling share in the company as well. There are no external/non-executive directors.

We understand that a board resolution needs to be passed to increase directors remuneration.

Is it possible for the same directors to pass a resolution to increase their own remuneration? Or do we need to create a non-executive directors committee to be able to authorize the increase in our remuneration?

I ask this referring to section 300 of company act which says "interested director not to vote in board's proceedings". This might constitute a conflict of interest wherein a director is voting for his/her own increase in remuneration.

Would highly appreciate a speedy reply.

Thanks so much

Kaustubh

in a private limited co. there is a change of share holder ..out of 4 share holders, 1 left his capital is acquired by others equally,
my question is do they require to amend Memorandum of association(MOA)and get it reprinted....?????
if yes , then please tell me procedure...

Sir/Madam
I filed form 1,18 and 32, but some objections were raised in MOA so i have to resubmit form 1. But when i go to resubmit option on mca21 and file it online it says- size exceeds 2.6 mb. So i tried filing through offline upload method via eform upload option. There after few attempts file got uploaded successfully but when i track my transaction status it still shows "Required resubmission". I uploaded the form at midnight. So what's the problem?

A company had eneterd into an agreement for the lease of a property. In the lease deed the company had shown an address different from that of the registered address of the company. Is this a violation of the companies Act. If so can u tell me the specific section