My query is this.

The company G Ltd was incorporated on 31/12/2009 and received its commencement of certificate last week.
Its authorised capital is Rs. 5 lakhs.
It wants to appoint two whole time directors with a salary of Rs. 3.5 lakhs each per month.
Is this allowable without central government permission?
Is there any way the director can get such a remuneration considering that it still has not really commenced its activities?
What are the restrictions pertaining to remuneration of whole time directors.
Please give me a detailed answer

i want to know about limit of salary which eleigivle for bonus.

Hi colleagues,

One company has just got converted from a private limited company to a public limited company.

Pls let me know all the formalities that one needs to comply with immediately, on the conversion. I mean right from changing the common seal, constituting an Audit Committee, etc..I would appreciate if someone could send me a checklist of items/ activities to comply with.
Thanks

Hello,

If the shares of a Pvt. Co. are dematerialised, how does transfer of shares take place?

Since there is no free transferability, does the board pass any resolution before the RTA/DP accepts the shares or are the transfers ratified at the first board meeting held after transfer? or is there any other way?

I have filed form 5 on 19/3/2010 for increase in authorised capital in MCA but till 5th april 2010 its status is assigned. My EGM date, for increase in authorised capital is 5th march 2010 .Now can I take the date of allotment of shares as 28th March 2010 although form 5 is still assigned.

A company intends to cahnge its model of operations and has given notices to employees for termination of its services after three months. It wants its employees to avail the balance leave standing to credit of their account in the next 3 months and in case of non availment will not pay the employees the encashment. can the company do so legally.

I am a practising characterd accountant. one of my clients is interesting in acquiring an exisiting on going private limited company. so what are the procedure for it w.r.t ROC. what approvals are require. what forms are to fill. plwase advise me. it is urgent.

respected experts and professionals,

can you please provide me the time-frames, procedures, and other details with regard to the following restructuring matters:

closure of Private Company and Public Company
merger of Private Co with public Company
merger of Public Company with Public Company

also advice on liquidation of one private company where its Directors are Hostile but shareholders are on our side, i mean, liquidation without Board Metting is possible?

waiting for your earliest reply....

thanking you,
Shital

Ours is a pvt ltd co.
We have issued allotment letter to the share holders 2 years Ago but till now no share certificates has been issued.

Is there any default on part of the company as per Companies Act.

Also whether the person to whom Allotment letter has been issued are eligible for dividend and bonus declared by the company,i.e., are they ranking parri passu with the existing share holders

hello sir, i want to ask 1 query related to listed company.Well if any 1 aquires more than 5% of shares of listed company then what all documents need to be filed to stock exchange and if aquires 2% of shares then what all documents need to be filed to stock exchange? kindly throw light on sellers,buyer and company's duty of disclosure..plzzz rpl as soon as possible its urgent..