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?

In the Public company (closely held) this is the first year where there is managerial remuneration being paid to the main guy. There is a huge loss being incurred for the year. however there are adequate reserves even after adjusting the current year loss. How much is the maximum that can be paid as Managerial remuneration and what are the regulations/provision pertaining to the same.
The main two points on which i have a doubt is
1. Loss in the CY, hence should Managerial remuneration paid.?
2. Secondly, if yes then upto what limit.
3. Thirdly the computation need to be done on this years profit right? not last years right?

We want to change our registration office from one place to another within the state . could u pls advice regarding the procedure.