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,

Sir,

My Query is as follows:

Company Incorporation Date is 06/06/2007
Financial year closing date is 31/03/08
Can it held the first AGM in the month of Nov-2008?
Note that the the accounts have been audited.

In case share certificates are not issued within the 3 months from the date of allotment what is the consequences and what is the procedure to issue share certificates.

1. Can a private ltd company (to be incorporated) which would like to start 1) quarry
2) lodging business
3) restuarant
4) shopping mall business
include all the above 4 businesses in the main objects of the company?
2. CAn the company seek to ROC for a common name, say "XYZ private ltd" since there are several objects (i.e. without reflecting the main object )in its name in Form 1A .?
or
Can the company show just one business in main object and other business in other objects and carry all the 4 businesses?
3. Do we have any restriction if the entire investment is to be done by foreigners in this business?
4. Can the foreigners act as directors of the indian co.?

1. The public limited company receives deposits from directors, shareholders and their relatives.so tell me where it should be shown in the balance sheet.. whether in the head of loan funds or in the head of current liabilities??

2. If the company shown the deposits in the current liabilities..then tell me whether it will be trated as deposits??

Sir,
Please tell me whether in a private company u/s 305 a additional director is required to make declaration to Board of other body corporates?

Thanks & Regards,
ACS Preeti

Dear all

Can a company maintain statutry registers in electronic form only?

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?

Hello ,
Is it necessary to file physical MOA & AOA
to roc as now stamping is done electronically.
Pl do give the latest procedure.

Gautam