DEAR ALL
I HAVE INCORPORATED AN INDIAN COMANY WITH NRI DIRECTORS AND SHARE HOLDERS WITH THE INTENTION TO BUY A PROPERTY IN GOA NOW A FOREIGN COMAPNY WANTS TO BUY 99% SHARES OF MY INDIAN COMANY AND OUT OF THAT FUNDS INDIAN COMAPNY WILL BUY THE PROPERTY, FUNDS HAVE BEEN BROUGHT IN TO INDIA NOW WHAT ARE THE REQUIREMENTS OF FEMA REGARDING THIS CAN WE UTILIZE THE FUNDS AND INVEST IN PROPERTY AND LATER INFORM THE RBI ?
PLZ REPLY ITS URGENT

for a term loan is the board resolution be passed at a validily held board meeting only and not by circulation

and can a resolution for opening a letter of credit facility with bank be passed by circulation

urgent, please reply

Dear Friends,

I could not find details for starting a KPO company. I was told there is a licence for Knowledge Process offshoring. The company i plan will be one person company.

Kindly let me know the formalities.

Thank You

If pvt. ltd. co. gives advance to HUF for purchase of property of HUF and director shareholder holding more than 20% share in co. is karta of HUF, then is this covered u/s 297 or 299 of Co. Act. What resoltuion is required for the same.

Dear
Would it be possible that , if auditor appo. by pvt. company as on 13th may 2009 & due to some internal problems of auditor shows their willingness to discontinue the same , here i have que. that is there any violation of sec 224,225,226?
Moreover company is underpressure of 30th sep. of get the books audited , Can company appoint any other auditor without any prior approval of Gov?

In pvt company A.y. 2008-2009 Audit by x auditor. That comapny file during the year audit by Y.i.e A.y.2009-2010.is possible. in my doubt normally audit appoint by AGM . In this Case the X auditor Retire in this AGM .Y can Sign the AUDIT Report In A.Y.2009-10. What is procedure .

I have aske a query yesterday regarding if a public company gives loan to a society registerd under the Societies Registration Act, 1860 of which the director of the Compani is a member, does it attract Section 295 ? Please give me clarification over this issue.

Sir,
Our private limited company issued Rs.2.5 crores shares with premium to Foreign National (Individual) in the year 2001. But that time company not complied with RBI procedures and not filed the Form FC-GPR and also company not having FIRC certificate.

Now company wants to return the same amount to foreign national (Individual) by transferring his shares to one of company’s director. So, wht procedure should we have to follow and which compliances have to do for RBI?

Take into consideration the situation:
The company is sick company and is in losses from last 7-8 year. The business of company is strike off and there are no any employees on the pay roll of the company, they left the job by giving resignation.
We (company) are not having any proof of remittance by bank. We received the remittance through Bank of Maharashtra, Pune.

Let me know in detail what procedure should have to do for company. Expecting your kind co-operation for sort out the matter.

Thanking you,
CS Sandip Rahane.

In a public company’s shareholding pattern there are 10 shareholders. Is it possible to issue bonus shares to only 4 members with the consent of all members through a general meeting?

Or is it necessary to issue bonus shares to all 10 shareholders?

Company is authorised by its articles to issue bonus shares.

This is one of my friend’s query and he is not satisfied with my answer. I urge you all to provide some solution.

Thanks & Regards

How to tackle Economic law (means MRTP, competition Act, IDRA and foreign trade policies). means they are a bit monotonus, I have completed 1100 pages Company Law, but can not complete 200 pages of Economic law, as it is too monotonus and can find logic behind some topics.
help me