Respected Sirs,

In connection with the abovesited subject, i would like to draw the attention of the experts on one of the query of mine:

I am engaged in incorporation of a Private Limited Company which is going to be a wholly owned subsidiary of a Company incorporated outside India. The details of the share capital subscribed are as below:

1.xyz, Inc. through its authorised representative Mr. x - 9,999 Equity Shares
2.Mr. Y, a nominee shareholder - 1 Equity Share

Now the i've been asked to check the applicability and compliance under Section 187C. However, i am referring the Companies (Declaration of Beneficial Interest in Shares) Rules, 1975 wherein it has been categorically stated in the beginning itself as a note that, "the provisions of Section 187C have become redundant on and after the commencement of the Companies (Amendment) Act, 2000" (which has been made effective from 13/12/2000).

Also the rules states that "in exercise of the powers confrrred u/s 187C read with Sec 642(1) (a) the Central Government makes the following rules-----------------------

(2) They shall come into force on the date of their publication in OG."

Now my question is do we need to make the complinace under Section 187C although inspite of the fact that they have been made redundant?

Also if the If we take the plea that the Central Government has vide powers u/s 642(1)(a) made the rules and mandated the compliance then what is the effective date when the said rules have been amneded and notified in the OG?

Is it the case that the provisions of the rules will prevail vis-a-vis the provisions of the Companies Act, 1956?

And lastly, do we need to make the compliances to fulfill the requirements and to aviod the penal consequences?

Learned members are requested to consider this matter and solicit their views on the same.

Thanks in anticipation.

Regards,
Mitesh Darji
9664759868

Hi,

Please guide me the process of appointment of MD in Pvt. Ltd. Co. if the person is already director in that company.

Which type of resolution is passed ?
Which meeting will be held ?
What all Forms are required to be filed with RoC ?

can pub ltd. co. take unsecured loan from members or directors???? what willbe difference if pvt. ltd. take unsecured loan frm members or directors???


What is status in which when loan taken from members or directors company status is pvt. ltd. then after converted into pub .ltd.????

In above 2 situation how co. law affects what is remedy if there are non compliance????

Dear Collegues,

there is one case 5 lacs shares of rs.10/- eah amounting to rs.50 lacs was issued and after allotment share certificate was issued in which there was no stamp affixed. now the shares has been splitted in to 2 parts and one part is transferred. if the company doesn't afiix the stamp on the splitted share certificates, then whether it could be valid or invalid. what arer the consequences.
regards-sachin sinha

Please send me the compliance certificate format for private company.Its very urgent

Mail Id is ujwalajuwatkar@rediffmail.com

whether interim dividend paid in BOD meeting should be ratify/put as agenda in succeeding AGM

Pls clarify

we have a company whose managing director has expired on 25th of october 2010 , what are the procedure to be followed after his death like,
board resolution , appointment of new MD, and what about his share in the company,
can you please clarify
1) what form to be fillied with ROC (MCA)
2)procedure for share transfer
3)within what time this procedure to be completed
4) any other thing we should take care of

Please help

Please let me know the procedure for conversion of a society into a pvt ltd company.The Society was registered under societies registration act and consist of 9 members and was engaged in welfare activities. Can the shareholding of the above company so formed be as follows:-

Members of the Society :- 98% of the shareholding.

Directors of the Company :- 2% remaining.

We formed a Private Limited firm in june 2009.

But we never did any transactions under that private limited company.

We never reported or filed any IT return or informed it to ROC.

We don't even have DIN, service tax nu. for any of our directors .

Now we want to shutdown and close the company.

Kindly guide up.

A pvt co. ABC ltd. has only 2 shareholders

XYZ ltd. holding 9999 shares
Mr. X (nominee of XYZ Ltd.) holding 1 share

now ABC Ltd. is issuing bonus shares 9lac shares @ 90 shares for every one share

My query is whether the nominee Mr. X will be allotted any bonus shares or whether the entire 9 lac shares be allotted to XYZ Ltd.?

please reply