formalities for appointment of Foreign nationals as director in an Indian company

Hi,

I'm an Indian and my partner is from USA.

Can we open a partnership firm ? What details are needed to open a partnership firm with US person ?

Please someone tell me the procedure of firm registration.

Is he need to take Indian citizenship ? or US citizenship is enough ?

-thanks and more and clear details would be appreciated.

It is a pvt co. and the paid up capital exceeds the authorised capital then what will be the consequences and how can we resolve this problem?

After approval of Form 1A for name availability, whether it is possible to change the names of directors of comapny ( as mentioned in Form 1A) while filing Form 1, 18, 32? As one of the individual refuse to become a director now.

If Yes, then do let me know the procedure of above.

Can Statuotry Registers of a Company be maintained in soft copy. And same is printed & kept in file dully certified by Director will maintaning registers is complied with.Or I have to maintain it in Black registeres only

Kindly support with any circular for maiantianing registeres in soft, if any.

Thanks

A Pvt Ltd Company has issued equity shares to two shareholders- A & B, at a premium. Now, it wants to buy-back some shares from A. All the money that the company has in reserves account is because of the share premium. There are no accumulated profits. The company has also raised some money by issuing debentures. Due to this, Company has sufficient cash to buy-back the shares. All other provisions of Sec 77A are being complied with except that I am not sure what is the meaning of this clause in Sec 77A-"Provided that no buy-back of any kind of shares or other specified securities shall be made out of the proceeds of an earlier issue of the same kind of shares or same kind of other specified securities."
Does it mean that this company in question can not buy back because it is using securities premium account which was raised because of issue of same kind of shares?
The cash is coming from the issue of debentures.
Thanks for your help.
Regards

Dear Professionals

In the balance sheet of a company, calls in arrears are appearing for the past 10 years. Now the company wants to remove Calls in arrear from the balance sheet.

Pls advise the procedure to be followed by the company to forfeit calls in arrears

thanks & regards
CS. Deepika Bhardwaj

Respected All,

XYZ PVT LTD is a company with directors X,Y and Z.
The directors decide to form a partnership firm in which X,Y,Z, XYZ PVT LTD and SKK PVT LTD will be partners.
The capital contribution by the partners is:
X - 5%
Y - 5%
Z - 5%
XYZ P LTD- 45%
SKK P LTD- 40%
The profit sharing ratio will 1/5 th each.

Is there any restriction or compliance regarding the formation of firm?

Regards
Jyoti

procedure for conversion of private co. into public co.?

I have a query regarding s.560. A private company, incorporated one year back, has not opened its bank accounts (and no operations, nothing).

They want to proceed for winding up now (At the earliest possible).

If they opt s.560, they need to appoint auditor to prepare annual accounts etc, but they dont have bank account yet.

Can you please suggest some way?