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

What are the provisions in respect of Whole Time Director or and Managing Director.
Plz explain the complete process

Mr. X & Mrs. X have Joint Bank Account.
Rs. 500000/- is Lying in the Account & That of Mrs. X.

Cheque Issued From Joint Account For Rs. 5 Lacs in Favour of Proprietorship Firm of Mr. X as a Loan.

Mr. X has Signed The Cheque But Amt. Lying in the Account Belongs to Mrs. X.


Now AO Says That This Amt. Belongs to Mr. X & Only Dummy Name Has Been Mentioned .

He Wants To Treat The Amt. as Undisclosed Income.

Now My Question is Whether the Contention of AO is Correct or If any Case Law Belong to Such Matter.

hella sir

I need to know whether a private company, having paid up share capital & Reserves amounting to Rs.6.45 crores, and secured loans amounting to Rs. 7.72 Crores

Now want to borrow money from eight lenders Sum of Rs. 25 Lakhs each.
Total Of Rs. 2 Crores

is this valid and allowed under provisions of act.
please hurry and say yes or no
with reasons