HI All

My Company have recently been converted from Private to Public (Unlisted) with turnover of above 5 crore. Wanted to know what all legal compliances gets attracted as soon as the company gets converted, such as formation of Audit committee, Managing Director appointment, Applicability of section 293, etc. Further wihtin how many months such compliances have to be complied with, is there any time frame.

Happy new year to all of you.

Dear Experts,

The company want to file in Easy Exit Scheme 2011 for Closure, but it has a Bank Account.

Can the company still file in this Scheme?? In Affidavit there is a point No.5 which states that company doesn't maintains a Bank Account.

Can some one please help out as we want to close the company and don't want to loose the opportunity.

Thanks a lot in advance!!!

Dear All,

We have an Private Limited Company incorporated on September 2010 with 1 Lac Authorised and paid up capital.

We want to issue Rs. 10 crore preferance shares.

Can we issue?

If yes, then can we issue preferance share at different dividend rates i.e. For first 3 year rate of dividend will be 10%.
and 4 th year @ 10.25 and at 5 th year @10.50%.

Hi...

If a relative of a Director of the Company is to hold an office or place of profit in its subsidiary company carrying a monthly remuneration in excess of Rs.50,000 p.m., whether the prior approval of the shareholders by way of a Special Resolution has to be obtained?

What is the meaning of the term,'Notwithstanding'?

Regards

CS Udit Sharma

A private limited company held its AGM on 30/09/09 for the financial year ended on 30/06/09.
In 2010 it was granted extension of financial year to 31/12/10 in terms of proviso to Sec 210(4).
What will be the due date for holding AGM for financial year ended on 31/12/10 as extended?
How is it practically possible to hold AGM in calendar year 2010 as per Sec 166?

Can a Newly Fromed Company has to file DIN-3? What is the time limit for the same?

I wish to clarify one thing about Director's Responsibility in the Company.i.e. M/s.JSK Pvt Ltd was incorporated in 2009 with 3 Directors.Further it has obtained a Loan from one of the relatives of the directors for Rs.10 Lakh.The Loan agreement was signed by the Mr.Guna one of the Director & the Lendor. Subsequently Mr.Guna was dead & the lender has asked the remaining director to settle the Loan personally.Whether it is valid under the Companies Act 1956 & any other act?
Further the Lender has deposited (but it was dishonored by the banker due to insufficient funds) the PDC in his bank even he knows the Death of Mr.Guna ? Is it legally affect the remaning director?

Regards,
S.jegadeesan.

Dear Sir,
Is there any limit for minimum & maximum no. of Share Holders.
Can single Share holder be there in any Pvt Ltd. Co?

Dear All

my client had applied for winding up under Easy exit scheme, we were informed that there is a charge which my client's banker had created in 1998 which was satisfied in 2002 but form 17 was not filed & the client was ignorant about it,now, the client approached the banker for the letter of satisfaction but the banker doesnot have any details about the exact date of satifaction as they do not have such older records. I want to know :

a) that in such a case how can we file form 17 without the exact satisfaction date

b) if we get the date of satisfaction made in 2002, should we file for condonation of delay with CLB.

awaiting for the early response, thank you.

Dear Sir,
Please provide me procedure of Change of Address in DIN.
Regards