Can the Board of directors delegate the power to make intercorporate loans to its subsidiary(not wholly owned) to a Committee of the Board?

Hi

Plz clear me regarding diff. b/w sec.314(1) and sec 314(1B) except remun. limits(10000 and 50000)
if co. wants to appoint son of a diretor as WTD of co. at 35000 per month then which section attracts 314(1)or 314(1B)???

Thanks

Can ayone tell me deposit received by dealer's come under the defination of deposit under company law? the deposits are like security deposit with the company or advance against goods purchase.

Can any one tell me public company give advances to it's directors, which sec. of Company law apply to it?

How much maximum salary a company could pay to relatives of Director.Is any approval required from shareholder/central govt.

Hi All,

I want to know whether the minutes of a meeting is rendered INVALID if it does not have the chairman's signature? If not, what is the status of such minutes?

Thanks in advance,
Shruti.

Remuneration to Directors of private limited company governed by which section of Companies Act.Is there any monetary limitation.Is any approval of Central Govt. required.

I want to register a private company with the object of network marketing ,Corporate agent of Insurance Companies and Mutual Funds

What should be mentioned in Main Object of Memorandum?

A company incorporated and incorp certificate just now generated. On scrutinizing the same certain corrections required to be made:

Name: father Private Limited. - correction is first letter F must be caps but orig typed wrong in lower case. can the style be changed now?

Address has a typographical error.

we yet to receive the new incorp certificate.

can we submit the corrections now?

what are the procedure?

what are the attachments?

will they give new incorp certificate correcting the same?

Dear members,
Kinldy clarify over the following:
A private limited company in its articles wants to lock the shares subscribed by the first directors for an infinite period so that the first directors being promoters will not get out their obligation to carry on the business on incorporation by transferring to some other member.
Can it do so by drafting the articles in such a manner? Will the article prevail over Companies Act which just restricts the transfer of shares?
regards