In the Balance Sheet, drawn under Schedule-VI of the Companies Act,1956, where to appear the share application money received by the company but the allottment has not been made as on the Balance Sheet date. This can be shown either under Shareholders' Fund or under the Current Liabilities?
Please give opinion both in the case of Listed and non-listed companies?

Dear All,

In a company there are 4 members in a Committee of Director for allotment of shares under ESOS scheme.
The 4 members are as follows:
2 Independent Directors
1 executive director
& 1 Managing Director.
The quorum for the meeting is 2 Directors.

Is it valid if ED & MD (2 WTD) of the Company hold the meeting without involving an independent director and allot shares to the employees.

What is the shares are to be allotted to ED or MD is presence of independent director needed in the meeting?

Please clarify the doubt.

Dear Members,

A private limited co. has created charge over its assets on 10/07/2010 on cash credit for Rs. 1.5 cr (with sublimit on book debts for Rs. 1 cr ) . While finig the form 8 to ROC the co. instead of showing Rs. 1.5 cr as amount charge, wronlgy speicifed the charge amount as 2.5 cr including the sublimit of also on 15/07/2010. the charge got approved by ROC.

Now the co. noted the wrong charge for Rs. 2.5 cr in the certificateof creation of charge. How can the company rectify the above amount wronlgy shown?

If the company is filing modification (with all the same documents specifying Rs. 1.5 cr as charge amount), the 30 days time limt has expired. But the 60 days time limit for filing "creation of charge" has not expired. Should the company go for condonation u/s 141.
How to correct the charge ?
Kinldy guide me.

thanks & regards

RAJA RAJESWARI S

Q.1 what is the quorum of a private co. which is the subsidiary of public co. ?

Q.2 what is the effect of failure of quorum in a statutory meetingt ?

Q.3 is statutory meeting a general meeting ?

Q.4 is it necessary to send a notice of
section 171/172 for a statutory meeting ,along with the the statutory report ?

plzz answer as soon as possible....

What is the limit for filing Form 8 for modification of charges? Can it be filed within 60 days with the additional fees?
kindly clarify

Pls tell me the rate of Depreciation under WDV and SLM for
1. Computer Software
2. Electrical Installation

Pls quote the source also.

Dear All,
Good Morning.
Please provide me details of formation of produer comapny under companies act 1956, their main object etc.
Thanks in advance.

Hi,

This is lokesh. I have a doubt that whether labour rest room will be taken under the definition of factory buildings or building other than factory building.

Please clarify ASAP.

Please provide main objects related to a company having business of exports/import of all type of machinery

A PVT. COMPANY INCORPORATED IN 1989 & THAN CONVERTED IN PUBLIC COMPANY IN 1990 & HAVE CERTIFICATE OF INCORPORATION AS PUBLIC CO. BUT CO. DOES NOT FILE ANY RETURN SINCE THAN NOW CO. WANT TO FILE RETURNS

BUT MCA WEBSITE SHOWING STATUS OF CO. AS PRIVATE CO.

PLEASE TELL ME HOW SHOULD I PROCEED.