Let us consider A, a listed company, acquires all shares of B, another public ltd. co.Now to bring the min. no.of members to 7 A nominates another 6 individuals to be members of B apart from itself(1+6=7)and arranges to transfer 1 share each in the names of these 6 people(these 6 will not be paying for these shares). If A has to retain its 100% ownership status should these 6 people appear in B's register of members as joint holders in respect of these 6 shares with A or should they appear as nominees only?
What will be the legal difference in both cases?
Also advice regarding giving of declaration of beneficial ownership under sec. 187C of Cos. Act. Will it be required in case of joint holdership?

As per Section 174(3) of the Companies Act, 1956 provides that if within half an hour from the appointed time for holding meeting , the quorum is not present, the meeting shall stand adjourned to the same day in the next week, at the same time and place or to such other day or such other place, as the Board May determine.

Is there any time provided within wich the date for the adjourn meeting is to be determined by the board. whether it is necessary to declare in the meeting itself that meeting is adjourn to the next week or till the date decided by the board.

urgent
if company appoint a additional director,then this resolution will fill in the form 23 or not....in AGM notice,its a special resolution.

The Board meeting of XYZ ltd for approval of accounts was held on 27th june at the registered office at place A, subsequently the registered office was shifted to Place B on 1st August. the AGM of XYZ was held on 28th sept at registered office at B.
a) what should be the address on the letterhead of notice signed on 27th june ?
b) what will be address of registered office inside the notice(where the AGM is to be held as B was not the registered office on 27th june)
c) can we sign the Notice on or after 1st August ?
d) what will be the Address on the Directors report signed on 27th June ?

Regards

KaRaN

Hi Experts,

Is it necessary to pass a special resolution for alteration of authorized share capital?.

To clarify more, we can alter the authorized share capital by passing an ordinary resolution. But by the effect of that there will be a change in the respective clause in MoA. Hence my doubt is whether it is require to pass a special resolution.

Is it necessary for private limited company to provide depreciation on a rate specified in the Companies act 1956?

We are providing consultancy services. We have awarded a job in canada. My questions are:
1. Service Tax is applicable at the time of billing to foreign client.

2. Accounting Enteries.

3. Tax Liabilites.

4. Any Mandatory Form(s) to be submitted to any relevant authority like RBI, Income Tax etc.

Please Help Me.

Thanks,

ARUN

what are the procedures to convert a proprietor firm into a private limited company ?

I just want to know that is there any rules and provisions are made in the Companies ACt, 1956 applicable to pvt. company related to max. remuneration of Auditor can be fixed up?

whether general meeting is required to issue shares at premium or can it be done in board meeting. and jst wanted to confirm that allotment can be made in board meeting.or we can do should the above activities in general meeting