I have wrongly typed in th eplace of resulation no.15 in form 5. what 15 resolution can i show in minute book

Dear experts,
I had a query regarding Clause 41 of the Listing Agreement.

For Eg: If a Co has declared a Net Profit of Rs 9 crores in the Unaudited results. and at the time of giving the Audited results, there comes a variation of 75 Lacs.

Limit prescribed by Listing Agreement is as follows:

) Where there is a variation between the unaudited quarterly or year to date financial results and the results amended pursuant to limited review for the same period, and –



(i) the variation in net profit or net loss after tax is in excess of 10% or Rs.10 lakhs, whichever is higher; or



(ii) the variation in exceptional or extraordinary items is in excess of 10% or Rs.10 lakhs, whichever is higher -



the company shall submit to the stock exchange an explanation of the reasons for variations, while submitting the limited review report. The explanation of variations so submitted shall be approved by the Board of Directors:



Provided that in case of results for the last quarter, the above sub-clause shall apply in respect of variation, if any, between the year to date figures contained in the unaudited results and the figures contained in the annual audited results.


So in that case, whether the Co needs to submit an explanation to the SE for the variation.

Please reply urgently.

Regards
Priyanka

CAN BONUS SHARES BE ISSUED MORE THAN PAR VALUE OF THE SHARES OF THE COMPANY??????
Can bonus shares be issued at premium???

Fact :

1. ABC Limited has 4 directors on its board.
2. Out of 4, one director is not traceable and consequently, the company could not apply DIN for the said director.
3. The said director neither attended any meetings of the company nor involved in any activities of the company for the past many years.
4. As the DIN cannot be obtained for the said director, the company is unable to fill the details as required in Form 20B – Page 3 and file the same :

IV. Details of directors(s), Managing Director, manager and secretary as on the date of AGM or latest due date thereof

12.*Number of director(s), Managing Director, manager and secretary

Query :

Under the above circumstances, is there any best alternative to file Form 20B for the company and remove the default ?

Is there any best alternative to remove the missing director (for whom the company could not obtain DIN) ?

Thanks for the response on the matter.

SUPPOSE COMPANY HAVE AUTHORISED SHARE CAPITAL OF RS. 55 LACS AND PAID UP CAPITAL IS ALSO RS. 55 LACS. NOW COMPANY ISSUED SHARE APPLICATION MONEY OF RS. 30 LACS. SO TOTAL OF PAID UP CAPITAL AND SHARE APPLICATION MONEY IS RS. 85 LACS WHICH IS MORE THAN AUTHORISED SHARE CAPITAL OF RS. 55 LACS. SO WHAT ARE THE CONSEQUENSES ARISE?

Dear All
Iwould like to know the following
i) Documentation required to join as a business partner of 25% in a Pvt Ltd company and how become a director/chairman in this company.I already have a DIN number.
ii)Formalities & documentation required to give secured loan to the above Pvt Ltd company

Thanks

Harkirat

We are in the process of setting up a power generation and supply
company in Maharashtra.

Can anybody help me with the compliances from company law and legal
side. Does any one have a checklist or a compliance chart for setting up
of power generation/ supply company.

I have researched on the topic and note that the Electricity Act, 2003
and the Rules framed thereunder, Electricity Supply Act, Electricity
Regulatory Commission Act would be applicable. Further, certain licences
also need to be obtained from MERC.

Looking forward to your support,

Best Regards
Purvi Parekh

what will be the ideal time gap or ideal date for the first boarding of the company or can we keep the first board meeting on a very first day i.e. on incorporation date...kindly suggest.



Regards

Hi,

I have been appointed as accounted for one of the private limited companies and have been asked to look after compliance for ROC.

Can you please list down the requirement of ROC from a Pvt Limited company point of view.

A Company was incorporated on 5th of March, 2007. The Annual Accounts and Annual Return of the company were not filed till now. How can we file the same for this year? What is the period for which we have to file the Annual Accounts and Annual Return now? can you please advise me int his regard?