as per definition, MD should be a Director in first place, then only he can be appointed as A MD, So my question is, is it necessary for appointing him as a Director/additional Dir. at first instance & then as A MD...please clarify

Dear sir,
My company have authorised capital is rs 1Crore. and issued capital is rs 5 lacs. my co. is a pvt. ltd. consurn. my co. received app. money 31 lacs in previous year from directors. i want to transferred the application money to issued capital. what is the procedure and what forms are required for it. please send me the sample copy all document who are requied for it.
Thanking Your
Pradeep Soni
C.A Final (Student)

WE ARE PREPARING OURSELVES TO INCORPORATE A PRIVATE LIMITED CO. WITH 2 DIRECTORS AND 5-7 SHAREHOLDERS WITH AN AUTHORIZED SHARE CAPITAL OF RS. 10,00,000/-. NONE OF THE DIRECTORS HAS A DIN. ALSO NO DIGITAL SIGNATURE HAS BEEN OBTAINED IN THE NAME OF ANY OF THE DIRECTORS. COULD ANY ONE PROVIDE THE DETAILS REGARDING FEES TO BE PAID TO THE REGISTRAR FOR IT'S INCORPORATION AND VARIOUS OTHER CHARGES FOR GETTING THE DIGITAL SIGNATURE AND OBTAINING DIN. ALSO PLEASE GUIDE US THROUGH THE STEP BY STEP PROCEDURE TO BE FOLLOWED WHILE REGISTERING THE CO. AND THE VARIOUS FORMS TO BE FILED IN THIS REGARD. IF THERE IS ANY INTERNET LINK TO THE SAME, PLEASE PROVIDE IT. (IT IS PROPOSED TO INCORPORATE THE SAME IN GUJARAT). WE KNOW THAT WE WOULD BE WASTING YOUR USEFUL TIME. BUT, WE WOULD BE HEARTILY THANKFUL FOR YOUR KIND SUPPORT. THANKS IN ADVANCE. Your reply would even prove to be a golden suggestion.

whether Co. has to take prior approval of Central government if its paid up Capital is More than 1 crore, and contract is entered into for cash at prevailing Market price ?

as Subsection (2) states that nothing in clause (a)of sub section (1) shall affect if the contract for purchase or sale of goods is for cash at prevailing market price.

and proviso to subsection (1) of section 297 states that prior approval is required of central government.

please clarify....?????

Dear Sir,
Kindly forward me format of Agreement of Commission to be given to director. Also, is it possible to give 50% commission of total income to director? Required to deduct TDS on the same?

If AOA authorises BOD to mappoint MD in Board Meeting, then is it necessary to hold EGM and take approval of Shareholders??

Further, if a new person other than the existing Directors,is to be appointed as MD then can BOD make such appointment?? or that Director first to be appointed as an Additional Director??

Please Reply as soon as possible..

Thanks

Please any one give me the format of Board Resolution for Autherises a person as signing autherity to sign in Lease agreement document.

Dear Friends,

Kindly let me know if a resolution by Circulation can be passed for appointment of one additional Director is possible , where there is only 2 Directors in the company , 1 is available in India and Another is in Foreign Country. Whereas the Quorum as per AOA is 2 Directors.

Regards,

Pankaj Jain

Whether a company can pay remuneration to a non exe director for his technical expertise under consultancy contract, apart from sitting fees for attending board meetings.

We have incorporated one company name B, in which two promoters are there one A (holding company)and sencond one Mr.XYZ, MD of A. <br> Total subscription was 3,01,000 Equity Shares (30,000 (99.67%) holding by A and 100 (0.33%) by Mr.XYZ (Individually). <br> Mr. XYZ was MD but he has acquired the 100 shares individually. <br> Can you please tell me can we assume Company B Wholly owned subsidiary of A or Parent Company <br> I want the exact definition of Wholly Owned Subsidiary, Partial or Parent Company. <br> How Much shareholding required by the holding company to become B as a wholly subsidiary company <br> How much shareholding required by the Company A to become other company as a parent company <br> Please share your views as this is very on urgent basis. <br> I was confused as there are so many different opinion on this matter.