My Question is

1. what is the maximum no of companies (pvt.ltd. & public ltd.) a person can become whole time director / MD.

2. can person be the whole time Director in one or more co. and simultaneously CFO for other cos.

3. what should be the relation between 2 or more cos. to become a group of cos.

What is the difference bitween director and adiitional director

Hi,
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I need to Register a company with the following Name & Main Object:
Names:
Main Object:
1. To carry on the business of gathering, accumulating, organising, tabulating, managing, obtaining, collecting, purchase, acquisition, import, dissemination, disposal, export, sales and marketing of and trading In, all types of information, data, statistics, computer based information systems and data bases and library and information sciences, both in the form and nature in which the same may be so gathered, accumulated, organised, tabulated, obtained, imported, acquired, collected or purchased and also in all types of modified forms, formats, manner and nature.
2. To carry on the general business of providing comparative Information, data and statistics, with or without the aid or means of computer based information ‘systems and data bases, In respect of the characteristics, trails, interest and other attributes of individuals, communities, organisations, Institutions, departments, companies, firms, or of any other social, economic, statutory, legal, artificial, cultural and similar units and of any article, commodity, product, service, or of any other tangible or Intangible right, asset, property and of any social, economic or any other trend, affair or any such or other feature.
3. To carry on the business of preparing, making, drawing, formulating, purchase, acquisition, import, sale, disposal, export, marketing of and of trading in; all types of reports, summaries, conclusions, profiles, surveys and similar documents, papers and manuscriptts and towards these purposes to carry on all activities, investigations, researches, purchases, sales, marketing, advertising.
1. Could any one help me know that the "Above Names are according to the activities described in the main object or not?
2. If the above names are not according to the activities described in the main object, Could you suggest what words i should add/include in the Name of the proposed company to be registered?
3. The above names are available or not?
4. In Form 1A, what i should i write for main as the space is not so much to write all the main object? When i write in briefe, ROC might say the main object in the MOA is not as per Form 1A?




With Thanks & Regards
------------------------------------------------------------
CA Subhash Kumar Singh
Chartered Accountant
casubhash.singh@gmail.com
9871226371/9312125371

Query Regarding mention of Turnover in ROC Form 23ACA - Page 3 - III. Turnover details.

A is a private company doing the business of 'commission agency'.

The company has no business for FYE 31.03.09 and hence, no income out of his 'commission agency' business.

However, the company has earned interest income out of its Fixed Deposits with bank say Rs.12000/-.

Whether in Form 23ACA - Page 3 - III. Turnover details - Should we mention Rs.12000/- in the 'Turnover' field (as in Balance Sheet Abstract - we mention this amount Rs.12000/- as 'Turnover' under the heading 'Performance of the Company').

Is it appropriate putting this amount here, when there is no actual business and income from business.

Experts' views are appreciated.

Query Regarding mention of Turnover in Form 23ACA - Page 3

A is a private company doing the business of commission agency.

The company has no business for FYE 31.03.09 and hence, no income out of his 'commission agency' business.

However, the company has earned interest income out of its Fixed Deposits with bank say Rs.12000/-.

Whether in Form 23ACA - Page 3 - III. Turnover details - Should we mention Rs.12000/- in the 'Turnover' field. Is it appropriate putting this amount here, when there is no actual business and income from business.

Experts' view is appreciated.

Dear Sirs,
My questions are
1) whether the increase in director's remuneration of a Private Ltd. Company be made with retrospective effect by a board resolution? 2) is it necessary to have consent of share holders in any of the AGM?
3) is there any monetary limits / restriction in this matter.
4) i also need a format of resolution to be passed in such meetings to increase the directors remuneration with retrospective effect.
Thanks in advance.

Dear Experts,

I have given passport no of one of the subscribers for applying for name approval ie FORM 1A. Subsequently the din of the subscriber was obtained. while filling the FORM 1 I have given the din details.But the prescrutiny showed error. when passport no is given in FORM 1, no error found msg shown. How to proceed with this? Whether DIN 3 to be submitted to ROC AND WHEN IT HAS TO BE SUBMITTED? THANKS IN ADVANCE.

Query regarding the due date of AGM for a new company

A is a private company, which proposes to file the Annual Filing Forms from the First AGM.

Date of Incorporation :21.10.2005
Financial Year end date :31.03.2006
Date of First AGM :25.09.2006
Due Date of AGM :30.09.2006

[Every company shall in each year hold in addition to any other meetings a general meeting as its annual general meeting and shall specify the meeting as such in the notices calling it; and not more than fifteen months shall elapse between the date of one annual general meeting of a company and that of the next:

Provided that a company may hold its first annual general meeting within a period of not more than eighteen months from the date of its incorporation; and if such general meeting is held within that period, it shall not be necessary for the company to hold any annual general meeting in the year of its incorporation or in the following year;]

Experts' view is appreciated for the above stated 'due date of AGM' – whether it is right or not.

Query regarding the due date of AGM for a new company

A is a private company.

Date of Incorporation : 24.01.2007
Financial Year end date : 31.03.2008
Date of First AGM : 04.06.2008
Due Date of AGM : 24.07.2008

[Every company shall in each year hold in addition to any other meetings a general meeting as its annual general meeting and shall specify the meeting as such in the notices calling it; and not more than fifteen months shall elapse between the date of one annual general meeting of a company and that of the next:

Provided that a company may hold its first annual general meeting within a period of not more than eighteen months from the date of its incorporation; and if such general meeting is held within that period, it shall not be necessary for the company to hold any annual general meeting in the year of its incorporation or in the following year;]

Experts' view is appreciated for the above stated 'due date of AGM' – whether it is right or not.

Kindly let me know the following resolution is in order so that I shall follow :

“Resolved that Mr. X who was appointed as an Additional Director with effect from 1st May 2008 by the Board pursuant to the provisions of Section 260 of the Companies Act, 1956 and also in accordance with the Articles of Association of the company shall hold office until the date of the First Annual General Meeting of the company, be and is hereby appointed as a Director of the company and whose office is liable to retire by rotation”.

Await the response of experts.