There are 3 directors on the board of Pvt ltd company including 1 foreign director, who was appointed virtue of his holding office (Country Manager).
Now we want to remove foreign director as he vacated his office from company as well as he is not ready to give resignation/ vacate the place of director.

How it can be workout to remove him in legal eye?

Dear Sirs

During the financial year 2010-11 a private limited company had paid monthly remuneration of Rs.15000/- to a relative of a director. The said remuneration was approved by the Board in March 2010. Approvoal of the Members of the Company was also obtained at the AGM held on 30.09.2010 by way of special resolution.

It is now proposed to increase the remuneration from Rs.15000/- to Rs.50000/-.

Kindly advise whether the company can pay Rs.50000/- as monthly remuneration to the relative of a director.

Kindly advise the procedures to be followed by the company in this regard

with regards

Muralidharan

If an MD resigns to act as an MD but is willing to act as a Director.The Board accepted his resignation as an MD and also took note of his continuation as Director. whether form 32 for change in his designation from MD to Director will be enough and whether he will be an additional director u/s 260 C Act, and his appointment is to be confirmed in the next AGM. what is the status if the MD's appointment is in the Board or by the Articles and the same appointment is not confirmed in GM and he resigns before the confirmation.

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Is it possible to convert limited company into unlimited company or vice-versa??

The Pvt ltd company has not prepared a P and L statement since it's not commenced it's operations. Is the company required to file it's Form 23 ACA? (annual filing with ROC)

I am told that a "first director" of a private limited company cannot leave or resign his position.

(a) Is this true?

(b) If so, what is the remedy?

Is there any changes in filing Form 8,
MCA fee calculator is not showing any additional fee.

What is the present situation(30+30 days)
or any entention/relief given.

Pls reply,

please answer my query

we have previosly issued convertable preference shares at premium.
now we have converted in to equity shares.
My question is while converting of p.shares into equity shares should i take premium of earlier issue to convert p.shares to equity shares?

there are two private companies in which directors are same and one company want to make loan to another,then what compliances are required to be fulfilled in this respect.