let me know the sequence of allotment of share from share application money of a private limited company. Suppose company get share application money twice times. Can company allot share from share application money received at second time keeping pending allotment from first time received share application money.

Dear ALl,
Director resigned on 10th May 2011, in form 32 date resignation date is wrongly written as 01st May 2011 , copy of resignation with correct date is also attached with form 32.

Now what we have to do ?
Whether these error impact on work done by this director during 1st may to 10th may ?

plz tell me the detail procedure of making companies under sec 25 of companies. its urgent!!!!

Dear Experts,

Whether Directors of a Private company are personally liable to pay Company Debts??

In my case If Directors of a Private Company have taken CC loan from Bank against mortage/hyp. of Business property and jointly provided personal security to bank. In case at any event if company is not able to repay CC loan and mortgaged property is not sufficient for any reason, can personal property of Directors can be taken into consideration by bank while recovering the same?

Pls guide.



Thanks & Regards
Rita Paryani

What are the rates of depreciation as per Companies Act,1956? Please mention applicable Section of the said Act.

My clients need to sub-divide the existing share of Rs. 10 to Rs. 1 each and subsequently increase the authorised share capital from Rs. 5,00,000 to 50,00,000.

EGM has been conducted and all the resolutions are passed accordingly. MOA has been altered and NO alteration in AOA is required. No spl resolution therefore form 23 not required.

Now my query is, for conducting above special business we need to file Form 5 twice, first for subdivision and second for increase in capital.

Query 1) SHOULD WE FILE BOTH THE FORMS SIMULTANEOUSLY or ONE BY ONE (First for Sub-division and after the First is approved then Second)?

Query 2) While filing Form 5 for the sub-division, we need to attach the altered MOA for changes in capial clause. But now the MOA's Capital clause contains Authorised Capital of Rs 50,00,000 divided into 50,00,000 equity shares of Rs. 1/- each.
How will it justify?

Pls let me know the solution asap.

CA Bhavya.

Respected Experts
While I am uploading DSC for Registration under MCA21 the tab sellect certificate - when I am clicking there broaser is not comming wherefrom I can upload DSC - so now what to do
Thanks
Debashis Mandal

DEAR ALL!!!!

Kindly advice -

Company A Ltd having paid up share capital of Rs. 5 lacs is presently having 7 shareholder.

The company wants to allot further shares through private placement amounting Rs. 11 crores.

Can it allot 10 crore shares to a closely held private ltd co.?
Does it attracts holding subsidiary concept contained in sec 4 of the Companies Act 1956 ?

DEAR ALL!!!!

Kindly advice -

Company A Ltd having paid up share capital of Rs.5 lacs is presently having 7 shareholder.

The company wants to allot further shares through private placement amounting Rs. 11 crores.

Can it allot 10 crore shares to a closely held private ltd co.?
Does it attracts holding subsidiary concept contained in sec 4 of the Companies Act 1956 ?

Is it compulsory to maintain the Fixed Asset register as per The Company Act, 1956. Does the format prescribed, whether it is compulsory to follow the format?