hi, sir my name is praveen and i am a engg. student.i m also doing job but my consultant cheat me he took my signature on some docuement and my pan card copy to register a new company and somebody told me about that you are the director of that company and he is doing unauthorize work.

i have the cin and serial number of that company what can i do in this matter

pls send on my mail id
praveenkashyao07@gmail.com

28th June 2011

Dear Members

Preamble of the Issue

Mr.X is a Director of the Company XYZ Private Limited
Mr.Y is a relative of Mr.X

Mr.Y who is a relative of Mr.X (Director of the Company) is being engaged as a consultant on a monthly payment of Rs.50000/-. The provisions of Section 314(1B) is attracted for the above said appointment of Mr.Y as consultant. In my opinion this requires the following approval:

(1) Board of Directors prior approval.
(2) PRIOR approval of the Members of the Company by way of Special Resolution [Section 314(1B)]
(Note : Central Govt. approval is not required since the payment does not cross Rs.50000/-)

My interpretation of Section 314 is as follows:

(1) Monthly Remuneration upto Rs.9,999/- Prior Board approval

(2) Monthly Remuneration from Rs.10,000/- to Rs.19,999/- Prior Board Approval and Members approval at the next General Meeting

(3) Monthly Remuneration from Rs.20,000/- to Rs.50,000/- Prior approval of the Board and Prior approval of the Members

(4) Monthly Remuneration over and above Rs.50,000 - Prior approval of Board, Prior approval of the Members and Central Government.

The above appointment falls under Point No.3 of my interpretation. Kindly advise in this regard.

with regards

Murali

I am a person who has passed CS final examination in Dec 2008. But i have not taken membership with ICSI. Whether i can be appointed as a whole time Company Secretary? As i understood its impossible, whether there is any loophole?

Dear experts,

My query is in case of public limited company --

* is there any minimum capital requirements to form remuneration committee or it can only be formed in case of inadequate profits under schedule XIII of the act?

* If paid up capital is 3 crore is it required to form the remuneration committee?

* can company create remuneration committee willingly or without such requirements.

Please clarify?

In a Public Company A is appointed as a Additional Director on 9/10/2009,( Provided that such additional directors shall hold office only up to the date of the next annual general meeting of the company). On Next AGM 30/09/2010 he retires. Again on 26/10/2010 he reappointed as a Additional director.

1. As per above details Company is required to file Form 32 intimation for ROC about is retirement.
2. And is again reappointment as a Additional Director.

Is it necessary to file 2 Form 32 for his retirement and reappointment as a additional director.

Hello all,
Please help me regarding the following:

i) Can a director disqaulified under sec 274(1)(g) be appointed/reappointed as director in a private company?

Thanking you in advance....

Respected Experts
A co is going to issue its Redeemable Pref Shares on Private Placement basis, Therefore is there any limit of payments of Commission to the agents of the Co - under Companies act or under SEBI or under any other act
Thanks
Debashis Mandal

what is the procedure for removal of director in a public limited company?

Can a director appointed by Board or at AGM sign company documents before obtaning DIN and before Filing Form 32.

Example: Appointment Date 26th June.

DIN will be applied in July and Form 32 will be filed later.

Can the director sign documents as on 30th June.

What is the procedure for transfer of shares of a private limited company by one shareholder to another? Is any return has to be filed with ROC