Dear Friends / Experts,

Two directors propose to incorporate a company, ABC Private Limited, Chennai.

Company has two subscribers.

Subscriber 1 is a private company in india with 9999 shares.
Subscriber 2 is an Individual (also HUF), a nominee shareholder with 1 share.

Query


Whether company should have a mention in it’s Articles of Association regarding the Nominee Shareholder.

Ans : ………. (If so, help me with relevant provisions / sections so that I will try to understand something).


Whether an Individual (also HUF) can be a nominee shareholder in the said company.

Ans : ……….

Post incorporation, are there any disclosures by nominee shareholder / BO / Company.

Ans : ………. (details please)


I shall wait for your advise on the above queries.

My CA final attemt will be held in Nov 2011. Please sugguest me which book should i purchase for Audit & ISCA so that i can understand easily without help of others.
BECAUSE I AM NOT TAKING ANY CLASS for this.

Please sugguest.

Please provide me with simple format of form 24AA.....

Dear Members

By oversight the statutory auditors of a private limited company had filed Form 23B two times with ROC for the current financial year (2010-11). The SRN has been generated for both the forms (Form 23B) filed by them.

There is a requirement for the company to mention the SRN of Form 23B in the Form 23AC.

Please advise which SRN has to be mentioned by the Company. Whether the First one or the Second one.

with regards

Muralidharan

what is the audit limit for a CA ?
is their any provisions updated.?

i want to know who can be appointed as a compliance officer in a listed public company. whether there is any prescribed qualification for the same and who else beside the CS of the company can be appointed

Hello,

We have appointed 3 non executive independent directors in an closely held public co. in order to fulfill the conditions of Sch XIII.

I want to know how can we remunerate independent directors and is there any restriction on their remuneration.

thnx

Dear Friends / Experts,

ABC Pvt Ltd, a Chennai Company has two directors X & Y, who are in abroad.

Company decides to have two Alternate Directors to act on behalf of X & Y.

X visits Chennai and attends land registration matters, which is fully relating to the company.

Query 1

Whether Alternate director for X shall be vacated automatically due to the Chennai visit by X.

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

It may be noted X is not reporting to company (but the work attended by him is relating to the company).

- - - - - - - - - - - - - - - - - -

Query 2

Whether Alternate director for Y shall be vacated automatically due to the Chennai visit by Y.

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

It may be noted that Y has not reported to the company and did not even inform the company of his visit. He then returned back to abroad.

Company was aware of the details only after 6 months or so.

Is there any omission of compliance for such travel by Y ?

- - - - - - - - - - - - - - - - - -

Experts may speak out from practical experience.

Thanks and shall await views.

Hi,

Dear all,

Can anyone please tell me when can a freshly incorporated firm or LLP go for EPCG license??? Immediately after getting IEC or post business commencement???

Regards

Dear Friends / Experts,

New Pvt Ltd Company is proposed to be incorporated with two subscribers –

1. XYZ Pvt Ltd and
2. A (individual),
nominee subscriber for XYZ Pvt Ltd.

Query

Whether there are any forms involved for having A, as a nominee subscriber.

Ans : …………….

Please provide details of the process, if any, for having A, as a nominee subscriber.

Ans : …………….

Please share your experience.

Thanks.