What is the Form 24AA u/s 299, whether it is necessary to every director to file. And to whom with it should be file or it should be kept only for our record
pl. clarify me this doubts, as early as possible
Thanks & Regards,

What is CIN? (Corporate Identity Number)Who must to register with CIN? and what is the benefit of it? Kindly explain in brief.

MY QOUERY IS THAT IN STRIKING OFF OF A CO., WE HAV TO ATTACH BALANCE SHEET OF NIL, SO IF CASH AND BANK BALANCE AND UNSECURED LOAN AND SHARE CAPITAL IS SHOWING IN BALANCE SHEET, HOW WILL I MAKE IT NIL, KINDLY PROVIDE ME YOUR EXPERT HELP...........PLZ PROVIDE ME THE DRAFT OF "AFFIDAVIT FOR WAIVE OF UNSECURED LOAN".

Do we need to show the existing remuneration of the wholetime director in the explanatory statement to the Notice of the Annual General Meeting
when we are reappointing him on the similar terms for further period of five years ?

The DOI of the company is 06.12.2006 and the date of transfer is 10.02.2006 and the date on transfer deed is 20.12.2005. Is such a practise correct

SIR/MAM,
there is a co. named shree veer steel limited and now it want to chnge the name to topowrth urja and metals limited, plz tell me the procedure and forms to filed along with their attachment. should i have to file form 62 for statement in lieu of prospectus?

can public co.(unlisted) accept loan from director or director relatives.if yes, give me cases and detail of sections or rule?

Sir, Im in chaos on scedule xiii of the companies act.our company(closely held public company) has appointed managing director for 5 years in 2005 with a remuneration of Rs.40000/-p.m by members by special resolution without the approval of remuneration committee as most of the independent director were resigned and there was nno remuneration committee.However there is no such law which state that appointment must be approved by remuneration committee except schedule xiii. During 2008-09 there was inadequate profit and salary paid was within the limit i.t Rs.400000/- to managing directors. Now auditors have laid down their remarks that the salary paid was excess of schedule xiii of the companies act.When we sought clarification and raised question that salray is within limit of schedule xiii.But their reply is that we have not followed conditions laid down in schedule xiii as remuneration committee not recommended appointment of managing diectors in 2005 and company has made default in payment of debts in the year 2008-09.Hence salary paid is in excess of schedule xiiI it is auditors remarks. Now the question is whether fixation of remuneration at the time of appointment of managing director should be only for the period of three years? what if managing directors have been appointed by shareholders in 2007 when there is a profit and in the year 2010 there is inadquacy of profit whether salary of rs.400000/- paid to shareholders is deemed to be in excess of limits laid down in schedule xiii only by the reason that remuneration committee has not recommended the appointment of MD in 2007 only shareholders have appointed the MDS? company will appoint as usual with the approval of shareholders when there is a profit and how far it is justice that remuneration committee has not recommended the apointment of MDS hence salary is in excess of schedule xiii enenthough it is in limit? Does it mean that it is compulsory to appoint MD with the recommendation

1.) Can a student having a permanent income tax account no. be a part time director in a private limited company?
2.) In addition to salary and director sitting fees what other benifits can he draw from the company?


I think that Companies Act has not specified any qualofication for appointment as a director in a company. However it specifies that a whole time director or a manging director should be in the age bracket of 25 to 70 years. Thus any individual may become an ordinary director whatever his age or qualification.

Kindly Comment

Hi All,

For a Merger is Creditors Approval compulsory??

Thanks,