AS PER SECTION 289 OF THE COMPANIES ACT, 1956 IT IS NECESSARY TO CONFIRM THE RESOLUTION PASSED BY CIRCULATION IN NEXT BOARD MEETING BUT WHAT WILL BE THE EFFECT OF NON COMPLIANCE OF THE ABOVE RESOLUTION I.E. IF IT IS NOT CONSIDERED IN NEXT MEETING WHETHER THE RESOLUTION SO PASSED WILL BE CONSIDERED AS VALID OR NOT

PL. REPLY ME URGENTLY

Can any one email me format/draft of article of association of Pvt Ltd company.
Thanks in advance.

A Pvt. Ltd. Co. has two Director from incorporation in 2002.

The Company has appointed other Two Directors in December, 2010 as Additional Directors.

Now, both the Original directors (Directors since incorporation) has resigned from their directorship in March, 2011. And Company wants to appoint an additional director in March, 2011. The Position as on today will be that all three directors are Additional Directors.
All additional directors will regularis in next AGM.
Can it is possible? if not, What is the solution?

Is there any Inward entry in ROC that the particular shares have been transferred in particular pvt ltd company on this date?

Will it see in physical search report of the company even if form 20B has not been submitted?

Please reply,

Regards,

Mr.Sumit Khandelwal

In pvt ltd company ,Is it compulsory to submit share certificate with share transfer form in ROC Office?

Does ROC make any order after transfer of shares from one party to other in private limited company?

How can we confirm that the shares have been transferred of the pvt lts company and that transfer has been registered in ROC on particular date?

Please reply,

Regards,

Mr.Sumit Khandelwal

Dear All,
A company XYZ private Limited is already incorporated. The existing 2 directors of the Company hold shares in equal ratio (i.e 5000 shares @ Rs10 each are held by each director). Now these shareholders want to introduce more 3 people in the Company as shareholders without increasing the paid share capital. so this can be done only by transferring the existing shares to new members such that each of them hold 2000 shares (20%) holding.

now the query is

1. please explain step by step procedure for transferring the shares (along with relevant resolutions)

2. how the new share certificates will be issued. do we need to cancel all te earlier share certificate and issue new one's to all the old as well as existing shareholders


3. how is the stamp duty to be paid. whether franking is possible or stamps are to be affixed. stamping or stamping has to be done on which docuemtn i.e. share certificatr or transfer deed?.

can anyone plz explain the meaning of insider trading?

if the paid up capital of a company is more than 5 crore , can it appoint practising company secretary on retainership basis instead of whole time cs , if yes which section of companies act allows it to do that

Whether board meeting through vedio coference is valid as per companies act ?

Hi all,

While going through the revised Schedule VI ,I got stuck for the disclosure of 2 items in The Schedule:
1) Preliminary & Pre-operative expenses to be shown under which head in B/s.
2) In case of NBFC, the finance made by company to its customers ranges between 3 to 5 years, where it will be shown under revised Schedule VI.

I just want to confirm that the said schedule is applicable from 01/04/2011, i.e.the B/s to be signed will be prepared as per Revised Schedule.