A director in a private company didnot hold any qualification shares though the articles of the company prescribes that the director has to hold. He was appointed as Director in 1993 and stil continuing.. Now whether the director has vacated office as per sec. 283 or he was not disqualified as per sections 270-273. Kindly advice me in all the respects.

Dear All,

Not for profit organisation registered under section 25 of the companies act as first directors in the memorandum and articles of association, is now refusing to resign from the post of director.ActualFounders are in Germany, now they want to remeove these two fraud directors, any body can suggest the ways to remove them as director.

Regards,
S Devadoss

A private company issued the shares to increase its capital with the approval of GM. It has also received the application money but not alloted the shares for 1 year .
Is their any time period for allotment of shares in case of private company?
If yes than what and plz tell me the fine in case of late allotment.

During the audit it was found that the director of the private limited company are disqualified as they have not paid interest for more than 1 year and even not filled annual return for more than 3 years but still they are holding the post of director.
My question is that is their any penalty in case of private limited company? If yes than plz tell the amount.
Can they be reappointed as the director of the company?
What is the obligation of auditors in this case

Sir
Last year i.e. a.y 2009-10 CARO was applicable on a private ltd. company but this year it satisfies all the condition of section 2(iv) relating to exemption from applicability of CARO.
Will CARO be applicable this year also?If Yes, How many years the Caro will be applicable once its first time applicability?

A company had taken a Unsecured loan from Director as well as from Relative of Director, but later on the Director ceased to be a director of the company.


What is the current status of the Unsecured loan of Director and as well as of relative of Director? Will it be treated as Deposit u/s 58A of the Companies Act,1956??

Best Regards,
Ritin Kharbanda

In case of transfer of shares by members of private ltd. company is it necessary to intimate ROC? If yes, then plz tell me the time period, form no., and penalty in case of late filling.

Dear Sir/ Madam,

Please provide me object clause for a company who wants to trade in products related to solar i.e, solar lamb, solar heater etc.

Thanks

In case of a EGM whether Shareholders can resolve to adjourn the meeting.

If yes, who has the authority to decide the time and place for the adjourn meeting. Whether shareholders themselves decide the date and time for the adjourn meeting.

What are the provisions in respect of issue of shares at premium by a pvt co which is a subsidiary comapny. waht is the maximum amt of premium of a share of face value of rs 10.
What is the procedure that a company should follow.
Plz fwd a specimen resolution