What is the maximum time limit till which we can keep the share application money pending allotment?

Can a Foreigner, who is also a non-resident, open a Bank account in India to deposit his income generated in India ? If yes, which account?

Hi,

A company had paid up capital of Rs. 1 lakh as on 31.03.2010. Later they enhanced the paid up capital to Rs. 1 crore before the AGM date.

Should the company get a compliance certificate from a whole time company secretary and file form 66 in this regard for the year 2009-10.

Please advice

Dear all,

we have two foreign company as shareholder in our company they are going to merge i want to ask that when we will issue a new share certificate to merged company then any form will be filed to RBI

vinay

Dear all,

can we change the whole article of association with a new set of article of association.

Vinay

1. Can a Director and His Family avail loan by mortgaging Company's Asset.

2. Further, if in ROC charge of one Bank is already created against company stock for Corporate Guarantee, what be the charge of other Bank if provide loans against same asset after creating mortgage.

Please ans to my query

my company has alloted shares to the minors in the year 2005 but the articles had clause that company can't transfer or allot shares to minors.The company management was unware of this fact so they made this allotmant.Form 2 and annual return has been filed with list mentioning minors name.

After that they come to knew that company cant allot or transfer shares to minor so they transferred the shares to another shareholder.

Can i show that the minors shares are surrendered afer the respective agm as my articles say that "Board has authority to surrender the share in any circumstances"

After surrender of shares how can i give the same shares to new shareholder i.e tranfer, sell, allotment???
what would be the correct procedure??

Can i show that minors name are deleted from share holders register due to surrender of shares???

A public ltd co had been carrying on its business with just 2 members later with in 6 months it increased it to 9 by "TRANSFERRING SOME SHARES FROM THE EXISTING SHAREHOLDERS TO THE NEW MEMBERS"

So It sufficient compliance as regards number of members of a public ltd .co i.e Can the numbers of members be increased by just simply transferring the shares( For Consideration).

Confused.

Please clarify

With Regards

Raaj

There is a share transfer from one director to another in a private company. The procedure for giving effect to such transfer would be to to procure Form 7B, then pay 25p for every Rs. 100/- as stamp duty, get it stamped, then fill in the details, get it signed by transferor and transferee, and then submit it to the company.

Is the above procedure right or is there any other step involved.. Pls clarify.
thanks,

Dear Sir/s

1.What is the procedure to become member in an existing Private Limited Company.
2.What are the ways of investment in existing private company
3.How a private limited company raise capital from the non members and members
4.Can an individual through MOU/agreement INVEST AND TAKE PART IN ORDINARY COURSE OF BUSINESS OF PRIVATE LIMITED COMPANY.