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

For filing of Form 23B is there any due date? If AGM held on 30/9/10 when was the date of intimation of auditor to roc?

I propose to register a company in which 75% of the shares are taken by an Italian co and the balance 25% by an Indian residing in Italy. The Italian company will be authorizing its chairman to sign the document for and behalf of the Italian Company. The documents will be signed at Italy. What are the formalities to be complied in this regard for registration of the company with ROC.
Who can witness the documents. Whether it is to be attested by the Indian Embassy at Italy? Is it necessary that the Chairman should produce some letter of authority or any thing like that for signing the documents. Learned members views are solicited.

Thanks in advance

Dear All,

Please solve my following problum..
1) what is the status of Nominee in Companies Act,1956?
2) How many Companies in which an individual hold a position of nominee?
3) can an individual represent as anominee of Individual?

Regards,
zaffar

I want to make an application for availability of name. The company is promoted by an Italian co holding 75% and an Indian holding 25% shares and the name of the Indian company must include the first part of the Italian Co Name. What are the formalities to be complied while making an application for name,

Dear All,

Can anybody explian me the status of Minor in Companies Act, 1956 and in other law..?

procedures for obtaining CG approval for increasing maximum number of directors in a private company.

Is filing of Form 66 compulsory for Companies????