Can an unlisted company pass a resolution by postal ballot? please substantiate your reply by quoting Section or case law. Reply as soon as possible.

A company had issued Non Convertible Cumulative Redeemable Preference Shares.

These were redeemed as per the terms and conditions of issue.

As per the requirement a Preference Shares Redemption Reserve was created .

My Querry is can this reserve be utilised for paying dividend on Equity Shares

In our Private Ltd company we have to give remuneration More than limit mentioned under section 314 to one foreigner ( who is Director of our Company) so for us please let me know what would be the better option:

1. To appoint him as employee ( Who is a director of our Company)
( So for that we have to apply section 314- Place of Profit and we have to take central government’s approval for that)

Or

2. To appoint him as MD
( so no need to follow section 314. Have to follow section 269 But still we need to take approval from CG because to appoint foreigner as MD)

He is already MD in more than 2 foreign companies. I think there is no restriction for private company if a person is MD for more than 2 Companies in India – Please clarify and let me know your views on it.

I need clarification, which would be best option for us and in which option we have to follow less procedural formality. Normally how much time it takes to get such kind of approvals. Which other option is available and under which section. Which other sections will be applicable ?

Please clarrify this matter at your earliest as it is very urgent

I had filed form 1, but filed form 32 & 18 seperately. Now when i am filing form 67 after scrutiny by ROC a messages is appearing as enter valid SRN. What should i do. which SRN should i qoute. can i submit form 67 manually? kindly guide me.

can i appoint two manager's ? and wether both these managers has to be employees ?
if yes than my query is "if there is one manager who will be whole time and will look after the substantial business according to the act than what will that other director will do???

pls. let me know what is the ROC. who is laible under ROC return.what is the last date for filing ROC & what is the Doc. reqiured.?
thanks in advance.

Dear all,
Pls help me out:

What are the compliances come into picture under Companies Act if the private limited companies providing any club membership facilities to its directors even Directors are not taking any remuneration from company?

whether should i pass resolution for the same or adjust in the employees cost for income tax purposes?

Pls suggest the option if any for Companies act as well as income tax purposes

waiting for reply,

Thanking you,

CS SK Kagade
Bcom, CS, LLB

Dear member i want to know that if a company is not filing its income tax return and Roc returns like 23AC, 23ACA and 20B so what are remedies to restart that company.

Dear members,

Good Morning,

Please clarify can we change the section quoated in the Form 21.The form is alraedy approved by the ROC.
If we can not change then what is the mode to rectify such wrong quoating of section in the Form.
Thanks & Regards,

Dear all,

I have a query from one of my relatives:

Background:

Mr. X is doing business in India as proprietor and also in the name of his HUF. Now he wants to establish a company in singapore. He is not a director in a single company in India.

Suppose he establishes a company in Singapore with 99% shareholding. He will also get salary as a Director from Singapore Company.

Queries:
1)Whether Mr. X requires to apply for DIN in India?
2)What are the other provisions applicable in India with regard to Companies Act, Income Tax Act, FEMA, etc.?
3) Any other important aspects which needs to be borne in mind?

Please reply ASAP.
Thanks.