In the month of feb, I have been appointed a Whole Time Director of my company .The required DIN formalities have been completed.
I would like to known what is the meaning of whole time director and what are the benefits as per company laws. Whether I have a say in the company's board & am i elegible in the shares of the company.

how many buyers can fill only 1 Form no. 7b where the shares are being transferred from the same person(seller). does it amounts to holding of shares in joint name...???

Dear All,

I want sample Special Resolution alongwith Explanatory statement under section 314 of the Companies Act, 1956 for giving remuneration to a relative of a Director within the prescribed limit of Rs. 50,000/- p.m.

Regards

Sarabjeet Kaur

three promoter formed a new company for takeover the business of proprietorship business in this case one promotore is a proprietor of that proprietorship concern & second is spouse of one & third is friend of second, now that in this situation clarify the issuence of share to shareholders :
that after issue minimum shares as per moa & aoa, is it necessary to issue the shares to be proprietor.

(co. authorised capital 10 lac
issued capital 3.00 lac (1.00 lac to each)

proprietor capital as on take over date 20.00

Is there any time limit withing which the shares are to be allotted in respect of share application money received ?

Whether share application money can be utilised for carrying on the business ( without allotting shares ) ?

Thanks in advance

Dear sir

could you plesae help me in case of private limited company wants to shift the registered office with in the state is that compulsory to give advertisement in news paper???

From bipin
mail bipin33@rediffmail.com

As per the sect 224(1) in case of government companies for the appointment of auditor special resolution is required to be passed in the general meeting.

I want to ask that whether explanetory statement is required to be given in the notice of the general meeting for the appointment of the auditor.

whether it is a ordinary business or special.

One of my friends advised to form Employees Gratuity Trust to get Tax Exemption on payment, but I did not understand. Please friends clarify my doubts.

1. For What purpose we have to open an Employees Gratuity Trust? Only Tax purpose or any other benefits?
2. Without formation of Trust can we get tax exemption on Gratuity Expansion to LIC Department? IT Department can allow like this transaction?
3. What is role of Trust? How it is work between company, employee and LIC Department?
4. Can we pay Gratuity amount to direct LIC Department instead of Trust?
5. How much balance we should maintain in Trust Account and LIC? Can we park more then our liability at Trust?
a. Means actual Gratuity is Rs.5, 00,000/- can we park Rs. 10, 00,000/- in Trust?
b. After some time if we required fund then can we withdraw from Trust account (which is kept more than Liability) for Company uses? IT department allow for that transactions?
6. If company closed before 5 years, so, no one employee complete 5 years as per act. Then what about Gratuity Fund? Can company get back that amount from LIC or Trust or we have to pay to employees? Then what about Trust existence?
7. If company exist more then 10 years but no one employee work more then 4 years, then fund will have more then required, then that time also we have to pay Current year Gratuity liabilities.
8. Trust can invest amount in likes FD’s and Mutual Funds to raise income? Instead of putting more amount in LIC? For those earnings we have to pay any taxes?

Sir,

I had filed Form - 8 with delay of 60 days.

kindly send the ROC Procedures with Clarity.

My Roc is situated in Chennai.

as per provisions of co law - variation in voting rights of preference share holders deemed as variation in rights of equity sahreholders also. please tell me how this is to be undestood ?