whole Time director of private limited company can be appointed as managing director if his/her age is 76 if yes what is the procedure like a) passing special resolution or some other please mention

Dear Members

My client is a Pvt ltd company who wants to issue ESOPs in form of equity shares of company to its Key employees, it has plan to go public in next 3 years, which would be the exit route for these ESOP's.

My question is that instead of transferring these shares directly to employees , can we make a trust for these shares and the key employees as its trusties or is there any other way where ESOP's can be issued to the key employees ???

Dear friends and seniors,

Please guide me on the following issue:

In an unlisted public company in FY 2008-09 there were 3 directors out of them 2 directors retired by rotation and reappointed in the AGM for FY 2008-09. In FY 2009-10 3 additional directors were appointed who will be regularised in this years (i.e. FY 2009-10) AGM.

As per section 256 of the Companies Act, 1956 1/3 of the total strength of the directors in every AGM. Now only 1 director is avilable out of Old directors for Retirement by rotation in this years AGM.

Please guide me on the above case.

Regards,

Nikhil D.

One of my client is having following share capital:
Authorised capital: 10,00,000 equity shares of Rs 10 each = RS. 1 crore and 15,00,000 Preference share of Rs. 10 each = Rs. 1.5 crore total authorised capital is 2.5 crore.
Paid up captal as on 31.3.2010 is 10,00,000 eq. shares of Rs 10 each = Rs. 1 crore.

They wants to issue bonus share 1:1 i.e.10,00,000 eq. share Rs. 1 crore.

Whether authorised capital is required to increased ? or Preference share as redem in 2009 and no intention to issue in future the authorised capital can be adjusted and no more to increased.

also procedure if the same can be adjusted

A pvt ltd co. is incorporated in mumbai on 20-11-10. Whether the directors are required to file DIN-2 and co to file DIN-3 OR not?

REgards

The company has been granted extension of financial year from 31/03/2010 to 30/09/2010. The company seeks to apply for extension of time limit for holding the AGM for the financial year ended 30/09/2010 as extended.
What is maximum possible extension in view of Sec. 166(1) and 210(3)? If extension is not so granted, what will be due date for holding the AGM?

a company had created charge in 19/09/1994, and satisfy it in 1998, but no information have given about such satisfaction of charge,in ROC,and Co. closed its Current A/C in such bank in 2009, what procedure i have to follow to solve this case.

Dear Experts,

I have a small query, While Filing Form 1A (Change of Name of existing Private Limited Company) we have to state any reason for Change in Name.

Could you please give any general reason for change of Name as I am not having any special reason for change in name.

I have in mind this general reason " the directors of company decided to change the name as old name is not good in the view of directors."

Is it ok, if not then please suggest any other.

Regards,

Saiyed

Dear All

Please help me to understand :

can a private Ltd company can be takenover by firm (sole proprietor or partnership firm)and if yes whether High court approval is necessary?

Thanking all in anticipation......

Co. incorporated in july 06. No DIN filed nor any DSC registered with MCA. Now DIN obtained by directors in oct. 10 and submitted DIN-2 to company. Now co. to file DIN-3 within 7 days . Whether any additional fees payable by co. Whether any penal consequences or any practical difficulty in above process