Our client had filed form 5 for increasing authorised capiatal from Rs. 5 lacs to Rs.10 lacs.While filling form 5,the paid up capital has been wrongly entered as Rs.5 lacs instead of Rs.1 lac.Now form 5 had been approved.Now the company master data has been updated as Authorised capital Rs.10 lacs and Paid up capital Rs.5 lacs (It should have been Rs.1 lac ).

Now,is it possible to rectify the defect ? (form 5 was approved on 14-11-2008)

What could be the consequences if it is not rectified ?

i am working in a ltd co as marketing head for 12 years and for the last 4 years served as director on board. i wanted to resign from the directorship but my management refused to accept my resignation. Pls advise how to exit from the directorship even if the management does not accept my resignation from directorship.

In a Pvt. Limited Company two directors are not having DIN number. Can they sign on agreement (Arbitration Act Section 10) related to extension of Managing Directors terms and salary etc. Please answer this question with related supporting clause.

A limited company had no money to pay directors’ fees. The directors thereupon paid into company’s bank account the amount remaining unpaid on their shares and retook the amount as fees. Does this give a discharge to directors’ liability to pay their shares?

The nominal value of a share in X Co Ltd is Rs.100 out of which Rs.40 is called and paid up. The company, as revealed by its last balance sheet, was losing heavily. A shareholder surrenders his 20 shares to the company and the directors of X Co. Ltd. accepted the surrender. Is such surrender legally maintainable?

What is meant by freezing of a DP account? In what way freezing affects a beneficiary account holder? Can an account holder freeze a specific quantity of a specific security in an account?

I hold some securities in physical form and I intend to continue holding the same in physical form as I have no plan to sell them in the near future. If I do not get my securities dematerialized, shall I be deprived of any corporate benefits like dividend, bonus, rights etc. on the securities held by me?

I have a doubt regarding separate nomination. Suppose, I hold in my DP account some securities pertaining to different companies in dematerialized form. I want to nominate my father against some securities of specified companies and for rest of the securities pertaining to other companies I want to nominate my mother. Can I do so or do I have to nominate only one person for the entire securities held by me in my DP account?

Can any legal entity like a society, trust, body corporate, partnership firm, karta of HUF or a power of attorney be a nominee to a Depository account held by individual/s either singly or jointly? Can a minor be a nominee to such an account?

Sir,

Form No. 23 has to be filed if auditor is appointed in AGM. my question is that if auditor is appointed due to casual vacancy by passing OR in GM then what to do further.whether any intimation is required to ROC ??

PLS REPLY...

THANKS...!!