In a private limited company, there are currently 3 directors. One is the Promoter Director, second is his wife and the third is an employee who has been made a WTD. The Promoter Director has neither been appointed as the WTD or the MD.

This company has not got converted into a Public Limited company and has a share capital of over Rs 5 crores.

For the purposes of complying with Section 292A, can these 3 Directors also constitute the Audit Committee? For a non-listed company there appear to be no restrictions to do the needful, since the requirement of 2/3rds being Non-Executive Director is fulfilled with the Promoter Director and his wife complying with these provisions and the other WTD being the Executive Director.

If this is not right, what do you suggest to ensure compliance?

Hi everybody

Can any one provide me the board resolution for creating divisions within the Company.

Its Urgent

My clinet i.e. director of a company lost his DSC c.d. and details. He got prepared another DSC. But while registering the second DSC with MCA portal, " maiden name of mother " is asked by the system, which my client do not remember. Please how to register second DSC with MCA portal, when the CD and all other details of first DSC are lost.

A Private Company is incorporating the subsidiary company. The project cost is 5 crore, but the promoters do not want have paid up capital as 5 crore. And they are planning to issue 5% of the initial paid up capital to one of the first directors (A) under ESOP/ Sweat Equity Plan over the period of three years i.e, 1.67% at the end of each year.

Can a company issue the shares at premium for the first allotment?

Please guide me to structure the capital of the Company, and what will be share of the promoter Company and the director A (Remember Company wants Rs. 5 crore for its project). Its urgent, please help me out

Mr. Y was appointed as an auditor of PQR £td. for the year ended 31.3.2009 at Annual General Meeting
held on 16.08.2008. Mr. Y has been indebted to the company for sum of Rs. 10,000 as on 1.4.2008, the
opening date of accounting year which has been subject to his audit. However, Mr. Y having come to
know that he might be appointed as auditor, he repaid the amount on 10.8.2008. Is Mr. Y,auditor disqualified u/s 226 of the Companies Act, 1956.

Friend if u have CS Executive prog. solved answer of COmpany Law then please send on my email id. : jayeshshah1987@yahoo.co.in.
Please send immediate as exam in june 2010.
Thank u in advance.

Friend if u have CS Executive prog. solved answer of COmpany Law then please send on my email id. : jayeshshah1987@yahoo.co.in.
Please send immediate as exam in june 2010.
Thank u in advance.

One Company (Subsidiary Company) has approved its accounts in its board meeting as on 30th April, 2010 and Auditor has signed his Audit Report as on 7th May 2010. In such a case for consolidation of Accounts of Holding Company, the such subsidiary accounts can be considered as Audited accounts or unaudited accounts as on 1st May, 2010 for Consolidated Audit Report.

Whether a company can keep statutory register in electronic form ( MS-Excel) ?
Are there any formalities to be complied with or filed with ROC ?
Pl explain with reference to relevant section of Companies Act.

Thanks

I want to know that how much stamp duty will be paid on authorised share capital of rs35lacs in uttar pradesh