What is the maximum number of companies for which a CA and CS in Practice is authorized to issue/ sign compliance certificates and /or Annual Returns in a given calendar year?


regards,
deepak agarwal

The remuneration to be drawn by a Managing Director cannot exceed a prescribed percentage of net profit earned by a Company. Is it 5% or 10% of net profit? Will this figure change if there is more than one Director in the Company?

What is the maximum number of companies for which a CS in Practice is authorized to issue/ sign compliance certificates and /or Annual Returns in a given calendar year? Please give the latest figure.

I am holding securities in a number of companies in a DP Account. Recently my address has been changed. Do I have to write to all those companies separately for effecting this change in address or the DP will do the same on my behalf?

Is PAN card compulsory if I want to open a Depository account with a DP?

Dear Experts

I have a query. I am having a client which is an Indian private limited company. In this company, one shareholder (Who was a director also) belongs to Dubai. Now that shareholder has resigned from the directorship and all of his shares has to be transferred to another person of Dubai. Now, I want to know some legal implications how this transfer has to be done. Is it necessary that some consideration must be given to the old shareholder by the new shareholder. If the transfer is carried out with some consideration then it will be in Dubai currency, i.e Dirham. Will it make any difference from RBI or ROC angle. Do we need to intimate these things to ROC accept at the time of annual return. Please tell me if any other legal point is involved in this matter. Thanks in Advance.

ABC Private Limited – Paid up capital (PUC) :

First Year 31.03.07 – Rs.15,192,380/- (No Form 66 filed by the company).
(Form 23AC, 23ACA & 20B filed by the company).


Second Year 31.03.08 – Rs.35,192,380/- (No Company Secretary was appointed).
(Form 23AC, 23ACA & 20B filed by the company).

Third Year 31.03.09 – Rs.40,381,380/-. (AS PUC IS LESS THAN RS.5 CRORES, COMPANY SECRETARY IS NOT REQUIRED).
(Now, Company is to file the necessary annual filing forms including form 66 for 3rd year)

Please see the above and give your views.

1. Whether the company shall just file Form 66 for 31.03.09 and proceed with Form 23AC & Form 23ACA, Form 20B.

Or

2. Whether the company shall file Form 66 from the first year onwards i.e. 31.03.07, for 31.03.08 & 31.03.09 (and proceed with Form 23AC & Form 23ACA, Form 20B for 3rd year only).

Experts’ views are highly expected on the matter.

while determining remuneration of directors as per provisions of this sec, it is said that it shall b inclusive of any remuneration payable to the directors for services rendered in any other capacity,provided that it shall b otherwise, if servises are of professional nature and in opinion of CG director has requisite professional qualification..

i want to plz clear me abt the relevance of the word "rendered" as services rendered are different from services supplied..will it be exclusive of retainership.

can u give me examples of the cases in which a director's remuneration shall be inclusive of that in any other capacity.

At the time of incorporation of the company we submit draft Memorandum and thereafter do necessary changes.

Suppose we have done changes in the object clause after draft filing whether Special resolution is required to be pass and intimation of the same to be given to ROC or not.

we are spliting shares in a private limited company

what is the legal requriment of split of shares