I need to clarify one doubt i.e.
If a Pvt Ltd was audited by one auditor. But he has completed only Income tax compliance only.He has not given the Auditor's Report under the company's Act1956 & also he has not audited as per Comapnies Act and his Presentation was also differs from actual format recommended by the Act.In this situation another one auditor is come to audit.The company requested to make necessay adjusment in the past years and continue with the corrected figure.
Is it allowable under Companies act 1956?
Is there any provision available to reaudit the company which was not properly audited by the previous auditor?
S.Jegadeesan

One of my clients wants to register a pvt company and his proprietorship business is to be acquired by the co. Now my question is how the matter is included in the MOA

A foreign company wants to open chain of Retail outlet of beverages (Juices). The juices they will sell , will be of specific formulation. They intend to register a company in India under Companies Act 1956, in which shareholdings consists Indian Promoters also.
How much Equity Participation of Foreign Entity is allowed ?
Can Indain Company also raise ECB(External Commercial Borrowings from the foreighn shareholders ) apart from Equity particiaption??
Please give feedback on it .

Can any body please let me know whether DIN 2 and DIN 3 are in existence and what is their significance?

X LTD. HAS ISSUED 14757 PREFERENCE SHARES ON 30.03.2010. NOW THE COMPANY WANT TO CONVERT THOSE SHARES INTO EQUITY SHARES.

SO PLEASE TELL ME ABOUT THE PROCEDURE TO BE FOLLOWED FOR THIS PURPOSE.WHICH SECTIONS OF COMPANIES ACT WILL APPLY AND WHAT ARE THE OTHER APPLICABLE RULES AND REGULATIONS.

IS THERE ANY TIME LIMIT FOR CONVERSION OF PREFERNCE SHARES.

PLS ALSO PROVIDE A CHECKLIST IF YOU HAVE ASAP .YOU CAN ALSO MAIL AT amazanagrogroup@gmail.com

below is the notice from RoC
Kindly help me out to Draft a letter of response


Notice for Default
In the mater relating to X Pvt ltd. Having category as company ltd by guarantee and sub category as Guarantee and association company.
Above mentioned co ought to have had held its AGM in respect of its financial year ending 31-3-2009 on or before 31-3-2009 in terms of section 166 read eith section 210 of the companies act
AND
Where as the annual return made upto 31-3-2009 in accordance with section 159/160 of the act for the financial year ending 31-3-2009 should have been filed in this office within 60 days from annual general meeting.
Whereas the under signed has reasonable cause to believe that the aforesaid provisions of the act have not been complied with by the co and directors/officers.
There fore here by called upon to show cause as to why action should not be taken for prosecution under section 162,168,210(5),220(3), for contravention of above sections.

my company already board of directors if 4 members now 1 members reliving to my company but now board of directors if 3 member and change to share capital ratio. can you help for how to change of memorandum of association. and ROC

Can Director be paid a monthly retainer fee for advisory services rendered

Dear friends

Please answer if a public company acquires 70% shares of a pvt. company, then-

whether the pvt company will need to increse its members and directors to 7 & 3 ?
whether the paid up capital should be increased to Rs. 5 Lac.

Incase where there are two companies co 1 pub co having paid up capital less than Rs 1 crore and Co 2 Pvt Company having paid up capital more than 1 crore

now this companies enter in to transcation in which directors are interested covered under sec 297 of the Act, kindly let me know which company pub or pvt has to take the approval of Central Govt ( RD).

please support answer with reasoining