On acquition of more than 50% stake in a private company by a public company, the private becomes public.

But do we need to change the basic characterstics like name, share capital, no. of members, no. of directors etc. of that private company?

Regards
Rishi Vyas

As per the Companies when a company increases its share capital,it pays stampduty to Government.

When company makes allotment of share out of the increasedshare capital and issue share certificates to allotees and pays stampduty on share certificate.

My question is that when the company has already paid stampduty on its share capital at the time of increasing or incorporation,
so why should it pay stamp duty on share certificates of shares issued out of the same capital for which duty has already been paid??

Is there any answer, caselaw,book which will solved the question ?

Dear Friends / Colleagues,

Please see my query and do the needful.

ABC Private Limited in it's Balance Sheet mentioned the amount (195,531) as Bank Balances (book overdraft for the year).

Query

How do I enter this amount (195,531) in Form 23AC in the field Cash and bank balances ?

Ans : ...................


I am sure, you are well aware that the accounts cannot be altered, as already accounts have been circulated to the concerned parties.

I shall wait for your response.

Thanks.
DK.

Can we sent the Share certificates after sub-division of share capital by way of hand delivery or it is mandatory to sent the share certificates by registered post only

The sharehodler are our inhouse shareholders. And our company is lisited company.

And we had dispatch the balance share certificate to our RTA for dispatching, but they are demanding from us the postal receipt of the share certificate of disptach

what is the procudure

mail Id : ujwalajuwatkar@rediffmail.com

What will be the last date of agm if financial year ends on 31st december, 2010

Please Reply Sir

Main objects required of a trading company who will also be giving advice and also trade in stock market, commodities market etc

When there were only two/three directors on board one of director die. .now board has only one/two director in Pvt. Ltd./ Pub. Ltd.!!! My question is whether one/two director can appoint another one as director ??? in what basis as additional director?? Or as casual vacancy???

What will be legal compliance in this situation board meeting is enough one ??or have to call EGM??? & what are procedural step I have to follow if it is Pvt. Ltd. ??? what will be different steps if it is Pub. Ltd.???

While checking the company master details in MCA i come across that "under company's status : under process of striking off"

what does it means "under process of striking off"?

I am going to incorporate a company, for which i have already applied for DIN. The business which the promoters intended to do is the retail store of vegetables (which are to be sold at a discount as compared to mkt price)and provision store (free home delivery service will be given along with discount). can you please frame the main objects to be written in MOA or suggest me the company name which is exactly doing business like this one.
please i need it urgently.

Is it possible to merge two firms into an existing company in such a way that both the merging firms get 50% of the voting rights???
Will it affect the existence of the company in any way.
The whole exercise is to comply with sec. 47(xiii) & (xiv) of the I.T. act