CA Gangadhar Mishra
This Query has 2 replies

This Query has 2 replies

19 December 2009 at 20:34

payment of dividend by a pvt ltd company

A pvt ltd company have 3 directors as well as shareholders, paid up capital is 1.00 lac, where as its reserve & surplus under Profit & Loss a/c have more than 1.00 crore after tax because of exemptions u/s 10b availed by the company. Now, what is the procedure of declaring & paying of Dividend to the shareholders out of the profit


CA Gangadhar Mishra
This Query has 2 replies

This Query has 2 replies

19 December 2009 at 20:04

PAID UP SHARE CAPITAL

A pvt ltd company was incorporated on sept.09 with a auth. capital of Rs.50.00 lacs and the paid up capital was actually Rs.5.00 lacs. But by mistake the paid up capital was written as Rs.50.00 lacs. The directors are not interested to invest 50lacs in the company, so what is the best option available to the company as well to the directors.
pl. give your suggestion with reason.


krishnaraj p b
This Query has 3 replies

This Query has 3 replies

19 December 2009 at 17:54

corporate law

if two government companies are holging 70% share of another company, can the latter company be called as a subsidiary company


Rajeswar
This Query has 3 replies

This Query has 3 replies

19 December 2009 at 17:50

common seal - details to be engraved

What are the information to be engraved on the common seal of the company?
Will the name of the company alone serves the purpose
or
the place/date of incorporation should also be engraved?

thanks & regards

RAJA RAJESWARI S



Anonymous
This Query has 1 replies

This Query has 1 replies

Whether a Board resolution is required to Accept Share Application Money.

Also what is the time period for a Private Limited Co. to Convert the Share Application Money into Shares.


Rajeswar
This Query has 1 replies

This Query has 1 replies

19 December 2009 at 13:00

Increase in Authorised capital

I Have to increase the authorised capital of a pvt co.(newly incorporated on 11-11-2009) from 10 lacs to 2 crores.

Shd I pass a special resolution for change of articles & MOA and file Form 23 or can I file Form 5 directly without filing Form 23?

kindly guid me with the procedure for the same.


Rajeswar
This Query has 4 replies

This Query has 4 replies

A private company has taken unsecured loans from the relatives of the shareholders. Will the same be considered as deposit under section 58A read with Companies (Acceptance of Public Deposit) Rules, 1975?

kindly do clarify me.

regards

RAJA RAJESWARI S


Sajjala Patil
This Query has 2 replies

This Query has 2 replies

19 December 2009 at 11:33

issue of convertible debenture

in case of issue of convertible debenture, when the authorised capital wl be increased whether at the time of issue of such convertible debenture or at the time of its conversion? and how much stamp duty is reqd for issue of convertible debentures?


ANTHONY KARAYIL
This Query has 2 replies

This Query has 2 replies

19 December 2009 at 10:41

Change of Company name

Sir, I nave to change the name of a pvt ltd company. kindly guid me with the procedure for the same.


Priyadharshini
This Query has 2 replies

This Query has 2 replies

19 December 2009 at 10:22

APPOINTMENT OF DIRECTORS

Helo sir,

I need some clarification regarding appointment of directors in a private company..

1. can we appoint a director as a executive director (whole time director) for more than one company?
2. Whether a director can draw salary from more than one company?
3. Where we the find the exact meaning of Whole time, executive, non executive director in the company's Act..

I just gone through the provisions under companies act.. but i culdnt get a clear and eact answers for my questions... can anyone plz help me...

if it s mentiond in the section plz quote the section no.......






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