As per Easy Exit Scheme 2011, it is applicable for the defunct companies which has nil assets and nil liability and does not has any operative income after 1.4.2008.
In case company having positive reserves which had no business after 1.4.2008 repays its liabilities and after that some amounts remains as cash in hand.
Can the company go for this scheme?
If it can then what should it do with available cash balance?

Whether unsecured loan of a director can be converted into Share Capital of the private company ?

Can I get a format of board resolution for change of registered office of Pvt. Ltd. co. within a city

Pls let me know, what are the penal provisions if the Share Transfer Form does not have the Government of India & Date stamp affixed on it...

will d transfer on such share transfer form will be valid???

Can an independent Director of a holding company become an independent director of its 100% subsidiary company?
CS Bidesh Kumar Roy

If the Article of a Pvt Company requires to retire all the directors at every annual general meeting then is it necessary to pass a Board Resolution for retiring directors in the Accounts approval Board Meeting before the holding of Annual General Meeting.

kindly clear

Please can anyone advise when was company bill 2009 passed.
Is it 3rd August 2009?
When was this bill incorporated in the Act?

Dear Sir,

One entity who is registered as 100 % EOU with the Software Technology Park of India (STPI) since last 2000 for ten years.

May he get the benefit of tax exemption after ten years in 2010-11.

If any guidelines from central government, please suggest me the same.

Is filing of DIN-3 mandatory for every director if he has to digitally sign the annual return and other forms ?

what will be the consequence if his Digital Signature is registered at MCA portal, but he doesn't files DIN-3.

Dear All,

As per Para 9 B of Schedule I to Notification No. FEMA 20/2000-RB dated May 3, 2000 "A certificate from Statutory Auditors or Chartered Accountant indicating the manner of arriving at the price of shares issued to the persons resident outside India is required."

Now the question is "If company is issuing the share at Face Value than also this Certificate is necessory?"


Regds