The Articles of a company provided that the shares of a member who became
bankrupt would be offered for sale to other shareholders at a certain price. Is
the provision binding on the shareholders?

Hi...

Will section 297 of the Companies Act, 1956 have to be complied with in case a Public Company proposes to enter into a contract for purchase, sale,supply of goods, materials or services with a Sole Proprietorship firm of which the Director of the Company/or his relative is a proprietor??????

Section 297 covers a firm in which the Director of the Company/or his relative is a partner or any partner of such firm but whether proprietorship firm is covered??????

Can an additional director can be regularised in EGM if we forgets to confirm his directorship in AGM.


Please tell me the whole procedure

A ltd. company is a public company. Company has appointed MD in the board meeting held on 27.12.2004. As per section 317 of the Companies Act, 1956 MD can be appointed for a maximum period of 5 years at a time.

But at the expiry of his tenure of 5 years he was not reappointed and he continued working till date as MD.

So now what options are available with the company. How they can rectify their mistake. If they reappoint the MD from the current date what will be the consequences as he worked as MD even after the expiry of his tenure. What will be the validity of the work done by MD after the expiry of his tenure.

Hi...

A Ltd. is a JV (50:50) between B Ltd. (Indian Company) and C Ltd.(Foreign Company). Now, A Ltd. has obtained the consent of the members by way of a Special Resolution under Section 81(1A) for making preferential allotment of Equity Shares to the promoter entities in proportion to their respective contibution in the paid up capital of the Company.

My Query is can the BM of the Company be held in Singapore for allotment and issue of share certificates to the Promoter Entities???????

Stamp Duty on the Share Certificates is payable in accordance with the laws of the state where the Share Certificates are issued and executed...... So the Stamp Duty on the said Share Certificates will be paid in accordance with the laws of Singapore???????/

Can an EGM of the Company be held in Singapore?????The Law is silent regarding the place of the EGM ????????Kindly post ur replies at the earliest! Its really urget......

God Bless

Udit Sharma

1-Whether is there any requiremnet in public unlimited company regards to paid up capital?
2- What is the procedure of allotemnt of share in public unlimited company

Please tell me the procedure of Appointing a Non-executive director in a private limited company as per companies act,1956

Dear All,

Is preferance shareholder presenty necessary in EGM?

how to prepare board resolution for purchase of car on behalf of company against loan.

If existing director changed his surname, than what procedure in mca21 portal to correct the same. His DIN no. can be same?.
Please guide me.

Thanks in advance

Manoj Kr.Jha