Hi Friend,

In a listed company a MD is re-appointed whose tenure expires on 31.03.2010 at the board meeting held at 27.05.2010,and the effective date of re-appointment is form 01.04.2010.Is is possible.

Further when I have filed Form 25c and i am asked to filed the clarification as to how the effective date be prior to date of board meeting.

Please advice as to how to proceed.

Whether sitting fees is to be paid to the directors for attending adjourned meeting in addition to the fees paid earlier?

Hi,
I am arun from chennai. recently me and my sister joined together and started a pvt ltd company. We are done with obtaining incorp certf,PAN,TIN etc. I dont know how to proceed now. Please help me.

Dear Sir,

1. One of our director is holding directorship in “2 public limited” companies and it has “12 subsidiary companies”, and also is a director in “2 one step down” Subsidiary Company. Please if you can advice us how can we proceed with such a situation and what are the consequences of the same.

2. If a director is holding director ship in more then 15 Public Limited companies and he wants to be director in further more companies so what will be the action to be taken for this and how can we follow the compliance's pertaining to the following situation. Can he be appointed as a director in more Public companies? What can be the case if he gets appointed without knowing that he is a director in more then 15 company? What are the fine to be paid for the same?


Please if you can advise us on the above at the earliest.

1.whether a nominee director of CG or PFI shall be counted for quorum or voting.

2.does additional director liable to get retire by rotation.

1. whether Security (share) premium is to be considered as paid up capital for the purpose of caro & CS appointment.

2. also as per the companies act, 1956, the security premium is a restricted reserve/fund.

Sec.78 restrict the usage of Securities Premium only for the following purposes---
* Can be used to issue fully paid up bonus shares and such premium amount used should be realised in cash.
* To write off preliminary exp. of the company.
*To write off any exp of or commission, discount allowed on any issue of shares or debenture.
* To provide for premium on redemption of shares or debentures.

Whether we can use security premium for acquisition of other company or expansion of the company, if so how??? if not how are so many listed company utilising the share premium collected at the time of IPO. whether it will not result in blockage of funds.......???

Can Whole Time Director/Managing Director be appointed at Board Meeting?

What are the formailities in this regard??

If fixed assets are rvalued, and capital reserve is created and agst this reserve the company intends to write off the bad debts without routing the same thru the profit and loss account, does the company require the courts permission to do the same

What are the checklist items for the formation of a subsidiary company by public listed company ,

hi friends ,

A company is under incorporation . it has got its name approved from the roc . the moa and the aoa hav been drafted and stamped.so which documents hav to be given to roc for pre -scrutiny .Do copy of Form 1, 18 & 32 have to be given after they have been filed at mca portal.?