sir,
a company has taken premises of directors on rent and paid security deposit for the same. whether attract sec2(22)e?

as per Section 174 of the Companies Act, 1956, two persons personally present in a general meeting of a private limited company form a quorum.
In the case of the meeting of the 100% subsidiary company if the members attened are (1) representative of the holding company u/s 187
(2) proxy of the 2nd holder who hold 1 share as a joint holder of holding company, wherther forms a quorum.

My Company is having a paid up capital of Rs 1 lacs

do i have to maintain the statutory register in hard copy or soft copy will do

what does law says

If in soft copy can anyone please give me the format

sumit

Dear Sir,

A Ltd (5 lac pu capital) contracts with B Ltd. (5 lac pu capital).

Mr.P is one the directors of A Ltd.(He is not director of B Ltd.)

Mrs.S is mother of Mr.P and she holds 5% holding in B Ltd.(She is not director of B Ltd.)

Has Mr.P disclose this in Board Meeting.

Regards,
Vignesh.J

If the retiring auditor have expressed their UNWILLINGNESS to be re-appointed, should the company still go for 225 route and Special Notice to be given??

If answer is Yes, then the following points seems illogical

1. Before going through Section 225, pause a second at 224. The First Provisio to Section 224(1) says that the Company has to get in writing from the auditor that if appointed he will be within the limits prescribed under 224(1B), that is maximum limits.

If at this stage, the present auditor says, "Yes, I would like to be appointed", then 225 comes into picture. Only if the present auditor accepts the appointment and then the Shareholders are not interested in such auditor only then 225 will apply.


If you carefully see 225, it says, the notice has to be sent by the shareholder to the Company, that "I don't want this person as my auditor." When the auditor himself as refused to be reappointed where is the question of Shareholder wish of a different auditor.


Also, if you observe, it is said that the present auditor should be heard before appointing somebody else. What is the point in giving an opportunity to the retiring auditor if he has already expressed his unwillingness to be reappointed?.


So, to Come to Sec 225, first 224 hurdle (accepting to be reappointed) is to be crossed. So, when the retiring auditor expresses his unwillingness to be reappointed, there is no Scope of 225

Also, there are some technical lags

It says, Special Notice has to be given 14 days before the Meeting. How does the Shareholder know the Date of the Meeting??

For him to know the Date of the meeting, the company should have issued the regular AGM notice. Agreed?

If such regular notice has to be issued, then, are we not required to state the reappointment of auditor as an item.


So, in this case to go via 225, even though the retiring auditor has expressed his unwillingness, still we have to issue a notice and say, he is to be reappointed without getting the confirmation from him as state in 224(1) proviso??



So are we trying to say that we have to give a notice to shareholders that AGM will be conducted and retiring auditor is willing to be reappointed just for the sake that we can go to 225 and appoint somebody else.

Corporate Examples

1. Ranbaxy in 2007 - Ranbaxy's Directors recommended appointing BSR & Co as Walker Chandinik and Co expressed there unwillingness to be reappointed in 2007

2. Arvind Chemicals in 2008

Can someone please give me a bit more clarity. A simple one line answer is not what i require. Can someone counter the above points and say 225 is applicable.

Thanks A Lot

Shiva

Sir
Paid up capital crossed 2crs on may,2005. Now the same is 3crs. What will be the action for violation period for the NON APPOINTMENT OF FULL TIME c s? ad calling for c s given and the same also minuted in Board meeting. ROC inspection is goin on pl help......

I may post my queries for the views of experts :

Query 1 :

In the P & L A/c., if merely the expenditure head ‘Insurance’ is given,
we can simply fill in the Form 23ACA in the field ‘Insurance’.

But, where do we fill the ‘Vehicle Insurance’ in Form 23ACA.

Whether we will fill in the filed ‘Other Expenditure’.

Query 2 :

Whether Rental Income is filled in Form 23ACA in the field ‘Other Income’.

Query 3 :

Whether Provision for Current Tax is filled in Form 23ACA in the field ‘Income tax including deferred tax’.

Thanks for the views of experts.

hello,
my query is that what is the provision of remuneration to a director of a public limited compnay and can the copmany pay remuneration to the wife of same director?

Can anyone send following

1) Pls send a Notice to directors

2) Special Resolution passed

3) Minutes of board meeting

Pls send to sanalkumartm@gmail.com

dear experts,
as per S.260 additional directors can be appointed by the board who shall hold office upto the date of AGM, now, my question is :
1. can the members have rights to extend the term of additional directors till the next AGM,if yes can i have some circulars in support of this.