Suppose if a pvt. ltd. company refuses to pay its creditor a genuine debt, due to its creditor, can provision of S. 274 be invoked thereby disqualifying all the directors.

Dear all,

One of the promoter of the Company (public Limited), which is proposed to be incorporated had purchased a land for the Company, by executing the Contract on behalf of the Company.

But he has made the payment to the other party by getting loan from another Company.

The arrangement was in such a way that the Loan made by the promoter shall be repaid by the Company which is to be incorporated.

So, now can the Company can ratify the agreement after its incorporation and pay the loan that has been made by the promoter.

Kindly reply at the earliest.

Hello All,

according to EES the company which is not having a business from 01/04/2008 is eligible, i want to know that when a company is incorpororated in July'08, but has not carried any business operations till date is also a defunct company & eligible under this scheme

thanks

What is the procedure to be adopted when the remuneration of a Manager exceeds the limit at a later point of time, say one year? Should EGM be convened, forms 23 and 25C be filed again ?

can a addition director be removed before the ensuing AGM,where letter of resignation has been received from the concerned director containing his inability to continue his Directorship.
Note:(Public Limited Co. Closely held)

With Regards

Raaj

Dear all,

A private limited company has to be incorporated in the state of Maharashtra within the jurisdiction of ROC MUMBAI. the applicant will be the director in the said comapny but would not subscribe for any shares. is it necessary for the applicant to subscribe for the shares?

Dear Sir(s),
can any one give me guidelines for procedure for issue of preference share by an unlisted public company on private placement besis. alongwith procedure for allotment . whether allotment can be made for several time under one issuance.

pls give me the exact wordings of object clause of a transportation company.

If a company wants to change its object which does not relate to its name? The company needs to change the name and object both. Plz. let me know the procedure to be followed for change of object and name of the company.

Can a holding company create charge on the property of its wholly owned subsidiary to secure its (Holding company's) Non-convertible debentures?

Regards
Rishi