Hi,

Can any one give me brief idea about the section 187?

When the shareholder should conduct the director meeeting for this, if shares has have with the co.?

Regards,
Vishal

Who is an Executive and Non-executive director? Which Act defines these terms? Also Part time Director et cetera?
Yesterday many top notch Bankers were arrested by CBI. Among them their is a Chartered Accountant who is a director of Central Bank of India.
On television the Chairman of Central Bank of India, S Sridhar was telling that the arrested director is a Part-time Non-executive Director under Chartered Accountant category and he was not an official of the bank. Also he stated that he did not have access to the books of accounts of the bank. i got confused after hearing this.
Can somebody clarify this ?

Who is an Executive and Non-executive director? Which Act defines these terms? Also Part time Director et cetera?
Yesterday many top notch Bankers were arrested by CBI. Among them their is a Chartered Accountant who is a director of Central Bank of India.
On television the Chairman of Central Bank of India, S Sridhar was telling that the arrested director is a Part-time Non-executive Director under Chartered Accountant category and he was not an official of the bank. Also he stated that he did not have access to the books of accounts of the bank. i got confused after hearing this.
Can somebody clarify this ?

Our company is a Public Company (State Govt. Undertaking. At present we have 11 directors on our Board out of which 10 are nominee directors appointed at various board meetings and 1 director was appointed as an Independent Director in the general meeting.

Now my question is how many directors are liable to retire by rotation at the AGM. As per my understanding sec 255 is not applicable on nominee directors.

so whether the Independent Director appointed at general meeting shall be liable to retire at every AGM if there is no change in the composition of the Board.

MY CONFUSION IS THERE IS PUBLIC COMPANY IN WHICH ONLY THREE ADDITIONAL DIRECTOR NOT ANY REGULAR DIRECTOR THIS DIRECTOR WERE APPOINTED IN THE MONTH OF FEB-08
THE AGM OF THE COMPANY HELD FOR THE YEAR ENDED 31 ST MARCH 2009 IS ON 31-09-2009 SO ALL THREE ADDITIONAL DIRECTOR AUTOMATICALLY RETIRED.
MY QUESTION IS COMPANY WANT TO APPOINT THIS THREE ADDITIONAL DIRECTOR AS A REGULAR DIRECTOR SO WHAT PROCEDURE COMPANY SHOUD FOLLOW FOR THAT ?

Dear All,

We have a private limited company. Our Boss is CEO and director in the same company and taking as remuneration as a CEO.
Now we want to appoint him on another private limited company as a Managing Director.
Can he take remuneration as a Managing Director in another private limited Company.

Dear Experts,

Can a company have its office registered address as well the auditor who has been appointed are located in the very same premises? Is this appointment valid as per the Companies Act? Please advice

Thanks a lot in advance!!!!

Sir,

I was issued a blank cheque to complain tat for purchase of plot four year back with a request to prepare agreement to sell. But did not make any agreement with me after number of times visiting into his office nor returned my cheque.Ultimately, I compelled to withdrawn a money from bank. Due to non-maintaining account, bank closed my account. After four year, complain tat had deposited a cheque of Rs.2Lac into my bank without giving information to me. Bank returned the same cheque with remarks "insufficient fund" while my account has already been closed three year back due to non maintenance by bank. Now, complaint tat has filed suit on me with the remarks that he has given 2Lac cash loan to me against the same cheque.Please justify it, what i do.

Frnds,

Pls tell me the formalities/ procedure to be done in FEMA, RBI, Companies Act with regard to wholly owned foreign subsidiary and indian holding company.
Its urgent.

Regards,
Shridni Jain

Can a Private Company give a loan to an Individual or Directors of there company?

Thanks in advance!!!!