Hi friends

Wanted to know can the employee become the non executive directors.

What is the conditions for converting private Ltd. to public Ltd.

While uploading the pre-scrutinized e-forms through MCA21 portal, the screen after the upload is completed showing the message “Your session has expired”. I have tried several times, in several systems using several internet connections. More over I have ensured the pre-requisite softwares at all times. I have deleted cookies and temp files. In spite of all these attempts the same problem is occurring. There after I have used the help desk facility at ROC, And I have successfully uploaded the same forms without any problems.
What is the reason for this problem in my computers. For the last six months I am trying to upload eforms. While uploading the eforms “error on page” is showing at the left bottom of the screen. When I checked the details of the error the following displayed
Message: Expected ')'
Line: 343
Char: 23
Code: 0
URI: http://www.mca21.gov.in/DCAPortalWeb/dca/Resubmit.do?method=loadResubmit&taskID=9505

Pls help me solve the above problem which is occurring consistently.

Mr.X is a director of abc pvt. ltd. co. (unlisted). He is having 95% of the shares. Now he want to issue 500 shares to a new member. But the new shares are to be issued from x's share only thereby not increasing the suscribed capital. Wht is the procedure for that?

Dear All,
A company XYZ private Limited is already incorporated. The existing 2 directors of the Company hold shares in equal ratio (i.e 5000 shares @ Rs10 each are held by each director). Now these shareholders want to introduce more 3 people in the Company as shareholders without increasing the paid share capital. so this can be done only by transferring the existing shares to new members such that each of them hold 2000 shares (20%) holding.
My query is

1. What is the procedure for such transfer ?
2. What records do the company need to maintain regarding this transfer and is any intimation to ROC required?

3. What should be the price at which the shares would be transferred? can they be transferred at their face value of Rs. 10/-?
4.What is the implication of this transfer under the Income Tax laws on company or existing member or new member?

5. is it mandatory to issue share certificates after the transfer?

Hi all

Can anybody tell me, what would be the procedure if an additional director is not to be appointed in the AGM for a limited Company?

Dear Experts,

Kindly advise.
A Director resigned just before the date of AGM, but the company neither in 20B nor in the form under schedule V mentioned the cessation.

My question is, can it be mentioned in the next years' 20B & schedule V or it should be kept blank, as the provision specially says to mention changes from last AGM and the change pertain to the date before last AGM.

Regards,

can unlisted company pass a resolution by postal ballot as per the section 192A of companies Act.

what is sec 25 companies

which date consider transfer date
1.date of transfer deed
or
2.date of approval of transfer by board