The company is a private limited company. 10,000 shares held by subscribers are being transferred to a Director of the company. The transfer deed is dated 17.07.2008. The transfer deed is lodged with the company within two months on 12.09.2008.

However the transfer of shares can be approved by the board only at the meeting held on 04.12.2008. (note : the board cannot have a meeting during the intervening period viz Sep 2008 to Dec 2008 due to absence of a director from India)

Will this be a violation of the provisions of the Act.

Please clarify

Muralidharan

SIR,
WHAT IS THE MAXIMUM AMOUNT OF AUTHORISED CAPITAL OF A COMPANY FOR WHICH THERE IS NO NEED OF COMPILANCE CERTIFICATE OF A COMPANY SECRETARY.

There is a cluase in CARO to report if there are any undisputed tax liability which is outstanding fore more than 6 months as at the end of the financial year.
If a company doesn't pay advance tax at all this means that there is a default for more than 6 months as first installment was due on 15 June and advance tax is income tax in nature. "Income tax" is specifically covered in this clause. It is also a default as we pay interest u/s 234C at the time of filing return.Please guide me should this default be mentioned in CARO

A company has been newly incorporated in India which, in the previous year has not commenced it's operations. Since operations have not yet begun, a P & L A/C needn't be prepared.
However, w.r.t Preliminary Expenses/Pre-operative expenses, are we required to preprare a P & L and write off the same, or can we carry it forward to the Balance Sheet.
Please quote relevant sections in this regard.

whether provision in AOA is required to appoint M.D. in case of private limited Company

We have equity shares of two denominations
-200000 sh@ rs 10 each
-200000 sh @ rs 1 each
now while filling up form 20B there is only one column for filling up number of equity shares and nominal value of equity shares.what should we do?

We r having one Joint venture with another party having 50-50% shareholding. We are purchasing the 50% shareholding of that party and terminationg the JV Agreement with mutual consent of both parties.
So tell me wht is the procedure of the above and also send me the formats of the required documents/ resolution if any.

Waiting ur reply.

Thanking you.

We r having one Joint venture with another party having 50-50% shareholding. We are purchasing the 50% shareholding of that party and terminationg the JV Agreement with mutual consent of both parties.
So tell me wht is the procedure of the above and also send me the formats of the required documents/ resolution if any.

Waiting ur reply.

Thanking you.

we have formed a pvt ltd co and plan to take over our own proprietry co by an agreement Do we take new sales tax no and excise regn?Also our works is in midc leased so if transfer of name in midc records ?weare taking over all assets and liabilities and existing proprietor is a director in tha new pvt ltd co MIdc has leased to our co op socity so we can add this new member in society records without paying transfer charges to midc ?

Anyone can please explain the role of CLB(Company Law Board). and who is the central govt. in respect of companies act for (ex-we have to take approval of central govt for conversion of public co. in pvt co. ) and many more such examples