A real estate co. takes advance from public for sale of land, on the condition that it shall either provide them with a plot of land or shall repay the amount with 10% interest.
Whether the amount so received shall be classified as deposit from public;
and whether Companies (Acceptance of Deposits) Rule, 1975 shall be applicable.

We are public limited company and paying Office Rent to wife of Managing Director.

Is there any imlicaiton under any law.

what are the compliance we have to comply under companies act like resolution etc if any

what are celing for acceptance of deposits u/s 58A

what are the consequences for non-compliance of section 58 A for public limited company

If there are two Directors in a company and two additional directors are appointed, the two original directors Resign from the office.The Original directors can hold the office upto the date of AGM . Now the company has become Director less . how to goahead in this situation

Following query may be seen :

In the form 23AC, Sl. No.3 (I) – If I give the DIN & Date and then use prefill, the Designation is filled as ‘Additional Director’ only even though the company has already filed the Form 32 for change in designation from ‘additional director’ to ‘director’, MCA Portal also rightly updated the designation as ‘director’ in the list of signatories.

Is there any logic / specifics with regard to e-form 23AC, as field in Form 20B is rightly filled with the designation as 'director' ?

Experts' views are requested.

Dear All

My queries for you are:

1.can financial statements be modified before placing the same in the agm for adoption??

2. can the financial statements submitted to the banker as audited before placing the same in the agm and before adoption in the board, be modified?? if yes kindly suggest procedure for the same.

I would appreciate your prompt response.

Thank you.....Susheel.

Can a private ltd. co. appoint a Director directly through a Board resolution?

Or is it necessary to first appoint as an alternate director and then regularize him in an EGM or AGM.

Respected Experts,


Pls provide me the Procedure as well as Resolution for Reduction of Share Capital of a Private Limited Company (under section 100 of the Companies Act, 1956.


Pls Help

Its urgent

Thanx and Regards,
Ritin Kharbanda

One of our company is taking over other group. i just wanted to knw what are the steps that should be taken while taking over the company ......
&
that group has issued non cumulative redeemable perference shares to dere shareholders so while taking over whether we should redeem d shares or not.
kindly help me