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

There is a condition where if we converted pvt ltd co to llp we cant withdraw current capital for 3 years from conversion. I want to know can we withdraw from fixed capitals? and is there any capital gain tax on withdrawal of capitals?

Dear Friends

I have a company registered in the year 1977 and has not filed annual returns and final accounts from 1994 onwards. The status of the company is active as per the MCA. The company was not carrying out any activities from 1994 onwards.

Now I want to carryout the business operations of the company and wants to make everything uptodate. The share capital of the company at the time of incorporation was Rs.2,000/- and it is still standing at that. Please let me know whether I have to file the annual accounts and returns for the entire period of 1994 till this date. Or whether the filing of last some(4 year) years accounts and annual returns will make the company active?. Views and experiences of the members are invited.

Thanks in advance

I have filed the form 17 for my client. I opted SBI Netbanking option twice and both the times due to Error message from MCA portal the form could not get uploaded.Subsequently the form filed using Credit card.

But the payment was debited FROM ACCOUNT EACH THREE TIME AGAINST SINGLE CHARGE ID.The error is due to tchnical- payment gate way problem.But MCA is not ready to refund the fees accepted for single charge ID.any advise in this regard from CA Club members.

This scheme says that for opting the scheme company should have nil assets and nil liabilities. Now here is the case the company wants to wipe of their liabilities and it doesnot have sufficient assets to pay. Now company wants to take loan from directors and then repay liability and afterthat loan from directors will stand.
can company go for easy exit scheme by doing this?
pls replyyy very urgent