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...!!

While submitting DIN application ( through courier ),my assistant wrongly attached photostat copy of Affidavit instead of original copy.
Will my DIN application be rejected ?

Is there anyway that I can send original Affidavit ( before the concerned authorities notice the defect ) ?

Can form 1A ( name availability )be filed on the basis of provisional DIN ?

Banks normally sanction loans on pledging of securities held in physical form. Since most of the securities have now been compulsorily required to be held in dematerialized form, will Banks now accept such dematerialized securities as pledge for granting loans?

I hold some shares of a company in dematerialized form. I want to gift the shares to one of my relatives for which I want to convert my electronic holdings back into certificates. Shall I have to request my DP for rematerialization of the same or should I approach the concerned company?