As per Section-171 notice must be of 21 clear days and when notice is served through post, 48 hours period for postal transit is added to specified 21 clear days (Sec.-53).

My doubt is that whether we have have to deduct 24 hours (common between date of service and 48 hours of posting) from those 48 hours? When I was solving practical problems from practice manual provided by the institute I found different ways of calculating these days in two almost similar problems and answer differs.

Please help me out.
Thanks in advance

Is sole proprietorship outside the purview of this sec.....if transaction are entered between a public ltd. and sole propietorship where directors and sole propietor are relatives..will it attract this section???

Whether Director of a Private Limited Co. can be paid LTA & Bonus as his part of Remuneration.
What are the implications for it??

What else if LTA & Bonus are paid to director other than the Remuneration.

Respected All,
I am going to incorporate a pvt ltd company of of the client and i mentioned the main object of the company as follows;
1. Design, Engineering, Supply, Erection, Testing and commission of Electrical Distribution/ Transmission Line and sub-stations along with all the electrical and electronic equipments related to Electrical infrastructure and construction activities.

2. To purchase, acquire, manufacture and deal in all equipment, instruments, software required for the distribution of power, maintenance of Transmission line, Transformers of all make and size and other electrical and electronics products for the same.

3. To provide man power solutions to power plants, power distribution companies in the area of training of personnel, technical support services including providing trained manpower and equipment installation, undertaking repairing of faults, erecting and maintaining transmission line, transformers, power stations, power houses etc.
and the company name includes infracon but the ROC is not accepting it as main object do't match with name of the company,,, pls suggest what is the discrepencies in it and suggest correct object

Dear Friends / Experts,

Please help me in the following issue :

Though I have rightly mentioned the Authorised Capital as Rs.1 Lac in the Form 20B, the MCA portal is not updated and still carrying the wrong amount Rs.10 Lacs.

How do I correct the Authorised Capital to Rs.1 Lac ?

Ans : ...............

What supporting document should I provide to RoC, as the company is a 50 year old company and it is not carrying any business for more than 4 decades. IT SEEMS THE COMPANY IS ALSO NOT HAVING ANY RECORDS PRIOR TO YEAR 2005.

Ans : ...............

Kindly advise me on the above queries.

Thanks.

Sir i have got the name approved of a private limited company,can you tell me further procedure and also i need sample MoA and AoA for the company.The object is tours and travels and car rental services.Please send it to me at manthan_toxic@yahoo.com

please its urgent if any body have power point presentation for incorporating private company pls forwrd on this site or on my mail seema_msrivastava@yahoo.co.in

Whether the provisions of section 297 of the Companies Act, 1956 will be applicable in case of a transcation between a Public Limited Company and a Private Company which is a subsidiary of the same Public Company.

As per the amended definition of a Public Company, a Public Company inlcudes a Private Company which is a subsidiary of a Public Company.

Hence, in the above case, the transaction is between two Public Limited Companies and would be exempt from the provisions of Section 297 of the Companies Act, 1956. Am I Correct in my interpretation?????? Experts ur views please!

Respected all,
One company incorporated 4 yrs back defaulted in filing with ROC. The status of the company is vanishing. The company wants to run and file the returns. Is there any procedure to file the forms? Pls advise me.

Hi

Whether asset can be transfered to creditor against unsecured loan in a private limited company, as the company is short of funds and value of property is equal to the value of unsecured loan.

If yes, please let me know whether any registry (sub registrar) cost will be applicable as the asset is "Land & building" .

Regards
CA Shubham