Investor company has appointed a nominee director on our company's board. Now board of directors want to remove the nominee director. Is it possible to remove him u/s 284 of companies act 1956?

"Nominee directors appointed by an institution which has invested in or lent to the company shall be deemed to be independent directors" - my question is -

The FI who appoints Nominee Director vests financial interest in the said company.. then how could he be called an Independent Director?

Q. when any motor vehicle is purchased, insurance on vehicle is to be paid. IS FIRST INSURANCE TO BE CAPITALISED TO VEHICLE??? UNLESS YOU PAY INSURANCE MOTORVEHICLE WILL NOT COME OUT OF SHOWROOM.
IS 1ST INSURANCE TO BE CAPITALISED?

In Directors Report, Companies (Disclosure of particulars in the report of the board of directors) Rules,1988 its mentioned that in Form-A total foreign exchange earnings and outgo should be disclosed i want to know that foreign exchange earnings by way of medical transcription outsourcing to USA should be disclosed in this directors report as per the above companies rules

Hi Friends


I have urgent query about Loan. One of the company employees requesting for personal loan from company, presently he is drawing more then one lakhs. Please tell as per law (as per IT Dept and Company Law)can company allow loans to employee? If it ok then what is the limit? Can we charge interest? If employee unable to reimburse loan then how to recollect to them?

as per the list of business to be conducted thru postal ballot doesnot contain the election of manager or any other person to the place of office u/s 314 (1B) , but many companies have been electing sum people in place of profit thru postal ballot.

can we do the same? Does it not contravene any law or regulation

Dear Sir/Madam
our company is having a joint venture between our main company and a compnay outside india, since the compnay is not doing any business so it is our boards view to close the company and to reduce unnecessary hardship for winding up our company want to buy all shares from other joint venture so that it may become easy........kindly guide me what to do for pricing and all the other requirement for winding up of the compnay. Both joint venture companies are pvt . ltd co. Is any approval is required from RBI or other bodies kindly guide me........

A company forfeited its partly paid - up shares a decade back, but the Calls - In - Arrears were not adjusted in books at that time (i.e. it was not reduced from forfeited amount). The company Re-issue its Forfeited share in F.Y. 2009-2010 at a premium @ 20% of Face Value.



Can the Calls - in - Arrear be adjusted in this year? If yes then as per which Section of Act? and what will be the accounting effect for the same. And if not then Why?

Dear all,

Kindly let me know is there any procedural formalities to be comply with before incresing MD remunaration in case of Private Ltd. Co. ?

Can any body provide sample resolution for raising salary of MD .?

Is it possible to raise salary first and then regularise matter through resolution or notifying the change ??

Can we change the salary for other directors also without complying any formalities & just by passing resolution to that effect. Specifically in case of Pvt. Ltd. Co.

Regards,

Gargi

Dear members,

I require a MOA/AOA for a software company. Can anyone forward the same at the earliest.



Thanks in Advance