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.

dear all
i have a problem can any body solve it pls
actully my company has take some FDI since 2009 bt no FCGPR nad allotment has been made i want to know the course of action for the said prob as m new joinee here i dont know what to do n if any body is havinh format for condone the delay to rbi pls do forward me as i dint know what to write in the application its urgent pls

Can we print notice for change of registered office from one state to another in English language in Hindi newspaper?

For above I had filed form 23,form 61. All the doc are ready. The form 61 has also been approved. Further wat needs to be done.
email:samruta1feb90@gmail.com
thanks in advance

A (Global INC.)pvt ltd. company had two directors with minority shares each. ( less than 21%). the major share holder company ( Track Intl.)promotors have changed due to problems with buisness operations and do not wish to continue,in any terms whatsoever, with our company.
The directors in global ( Two Directors) have a dispute since 2005-06 and no balance sheet have been filed after that. One Director has settled abroad and another one is absconding. The director is currently in india to regularise the company and file the relevant balance sheet and AR's .
How can one director complete this task ?
How can he appoint another director with the help of Track Intl. ?
Since the first Director has not resigned, how can another Director be appointed and sign the balance sheet ?
The notice for prosecution for non filing is recd. by the auditor, .
In this case, how can the balance sheet in old dates be signed, filed and avoid prosecution.
Please help.
Both are pvt ltd companies. The director who was to close the company and is available has shares amounting 10.5 %.
There are three share holders...
director 10.5 % Available
anonymous person 10.5% No support ( N.A.)
Track Intl 89 % full support. ( Holding Co.)
The director who is absconding has no shares....



Jayashree S Iyer

( Expert )
04 March 2011 In the absence of resignation from the absconding director, the company can remove him by following the procedure specified in Section 284 of the Companies Act.

The Procedure for Removal of a Director is given below :

1) Special notice of a resolution to remove a director is to be served on the company by a member.
2) On receipt of the notice, the company shall send a copy thereof to the director.
3) If the director makes any representation the same shall be circulated to all members if it does not contain any defamatory matter.
4) The director shall also be heard at the meeting and then the resolution may be passed. (Ordinary Resolution)
5) The vacancy caused by such removal shall be filled by appointing another person in his place provided special notice of the intended appointment has also been given.

Resolution required is Ordinary. Since you and Track Intl have majority shares the resolution for removal of old director and appointment of a new director in his place can be passed without any difficulty.

Once this is done you can finalise your accounts and submit your returns.

As regards closing of the company, Easy Exit Scheme 2011 is open till 30th April 2011 which can be availed off provided there is consenses among all the shareholders. In the absence of consenses among the members the only option left to the company is to make an application for winding up which is an expensive and time consuming process.







Anjali Kapoor

( Author )
04 March 2011 Thanks Jaya Ji,

I got the point, thank you for being so helpful and resourceful

How can the Durector which is left the Global can appoint another director, Do we have to take help from Track Intl ?
One single director who is availabe can't appoint him... the members will isn't it ?

Who will sign he balance sheets of 2005-06, 2006-07... 2009-10. What papers may be required for appointment ?
Also,
is there any problem if the DIN is obtained for the new director today and the Director is appointed in the back date and he signs all the balance sheet....

I really appreciate your valuable advise.

Regards

Anjali

What is the difference between old schedule VI and new schedule VI of the companies act?

A COMPANY INCORPORATED ON 28.01.09 & FY ADOPTED AS 28.01.09 TO 31.03.10 BUT FOR INCOME TAX PURPOSE FY DOES NOT EXCEED 12 MONTHS. WHETHER SEPARATE STATEMENTS CAN BE PREPARED FOR INCOME TAX PURPOSE & ROC FILING AND SIGNED BY THE AUDITOR OR ELSE WHAT CAN DO

I will thankful to solve my query.

The date of Incorporation is 24-07-2009. What will be the due date of first AGM.
Please response soon.

Regards,

Deepak Sharma