Dear Friends / Experts,

Please see my basic query.

ABC private limited (which is not a subsidiary company of public company) in its first board meeting appointed two additional directors.

Query

Whether SINGLE RESOLUTION is possible for appointment of two additional directors.

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

I shall wait for Experts' Expert views on my above mentioned query.

Thanks.
DK.

An unlisted public company has Authorized capital Rs 5 crores.Rs 10lakhs paid up Equity capital and Rs 2 crores paid up preference capital.

Can the company issue Preference shares Rs 50lakhs each year till the authorised capital reaches Rs 5 crores?

Will further issue of capital is applicable to preference share capital also?

a co incorporated on 15th march, and director want to file form 5 within 31 march , is it possible ? what is the procedure ?

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.