Please confirm my understanding given below:

As per Sec 210 of the Companies Act,

a. The first financials of the company can be for a period of 15 months from the date of incoportation

b. The subsequent financials will be starting from the day next to the closing of the first financials.

c. Financial year can be for a period more than or less than 12 months. As per point b, the second year financials can be for a period starting from the day next to the closing of the first financials to 31st March also

The term for Managing Director expires on 31.03.2010. He has to be reappointed for next 3 yrs from 01.04.2010. In this regard form 25C hs to be filed within 90days. The date of Board meeting is 16.08.2010 and date of AGM is 15.09.2010

The query is when the form 25C hs to be filed ie within 90 days from Board meeting or AGM or effective date of appointment.

Can the persons who are not the share holders of the company give the unsecured loan to the company?

What are the provisions in respect of issue of shares at premium.
What is the procedure that a company should follow.

WE ARE FILLING FORM NO 23 ACA FOR ONE OF OUR CLIENT WE ARE CONFUSED AS UNDER,

IN VERIFICATION PART OF THE FORM WHICH RESOLUTION NUMBER SHOULD BE MENTIONED?

WHAT SHOULD BE THE DATE OF SUCH RESOLUTION?

CAN WE REVISE THIS RETURN IF WE FIND AN ERROR LATER ON?

If the balance sheets of subsidiary companies are not made available to the holding company. Then what would be the applicability of Section 212. So, whether the holding company would wait for the accounts of subsidiary company or the company could conduct its AGM.

our company is a public ltd. compamy and we have issued 4% preference shares to a pvt. ltd. company whose director is also a director in our company.

now we are going to convert these 4% preference shares into 0% preference shares for which we passed a baord resolution in the board meeting in which the said director was present and dissented to the resolution.

My question is that whether he will be considered as a interested director and whether his presence shall be counted for the purpose of quorum as he is also a director in the shareholding company.

WHy the form no 20b is required to file in word format also?what is logic behind it?

if i don't have data regarding share transfer etc what should i mention in it?

Dear Members,

Pls. let me know can a Pvt. co. gives a interest free loan to directors or not & is there any other provision for public co.



Thanks,
With Regards,

Amit

Can anyone pls provide me the draft of resolution and explanatory statement which required to be attach with form 23 in case of re-appointment of managing director for another 5 years.