Sale of immovable property to the one of director, who is relative. For sale consideration lacs as book value after depreciated.

What are the consequences and what are the formalities to be followed as well as company law and income tax.

Is it require any EGM or Board meeting is enough.

Please reply if any body could send the details with soft copies would be appreciated

Some residents of India wish to incorporate a company in India in which a company from Malaysia will be investing 55% of the share capital. The objects of the company is to provide medical and health services including educational services. Please let me know whether such investment is permitted as per law. Please give me a detailed reply in this regard.
Thanks in Advance
Santhosh

Can anyone provide me the Object clause of Company which is in the business of recruitment and staffing?Kindly mail me at:ajitacs@gmail.com

Respected Experts
If we apply for a company name approval to ROC through Form 1A & such - we also chacked the name availability in ROC site & also we given all the required details whatever is needed for name sellection like - name significance & object of the co - but ROC is not giving that name then is there any superior authority to whome we can apply for name approval.
Pls. reply soon
thanks
Debashis Mandal

I got name approval for a pvt ltd. i wud liek to extend the period by 30 days further as i couldn get things ready. which form should be used. can i make online application?

Hi Experts!

A private limited co. incorporated in july 1996,with 8 shareholders and 3 directors, having its operation in the year 1996 & 1997 and thareafter there is no business in the company.


The company doesn't file its Annual Account and Return with ROC since its incorporation.

In 2010, the directors want to Regularize the company and want to file Annual Account and return in ROC.

Majority of the directors says that filing of 2-3 years accounts and return in ROC is sufficient as there is no business and filling of all the years accounts in ROC would attract big amount of additional fee (Rs. 150000/- approx.). They also says that they can resolve this matter in AGM as all the shareholders are the relative of the directors and nobody have objection on this.

State your views,
1. Whether the contation of the directors is correct?

2. If company is required to file the Annula Accounts and Return for all the years since its incorporation, who will bare(co./SHs/Dir.) the expenditure of Additional Fee?

Thanks in Advance.

Whether private limited can efile its income tax retrun if agm not held?Also explain its consequences?

are statutory companies registered under companies act 1956???
what about foriegn companies??are they also registered with companies ACT 1956???

Dear sir,

When a proprietorship concern is converted to private ltd. co., is there any stipulation that the minimum no. of shares the proprietor shall hold in the pvt. ltd. co. must be atleast 50% of the entire shareholding for a specified period.

Regards,

Jyothi

What is the procedure for transfer of shares from retiring directors to new director ??????