As per the provosions of companies act In private ltd company there should be minimum 2 members but if a company is 100% subsidiary of a pvt co., then are we breaking any provisions of companies Act 1956.

As per the provosions of companies act In private ltd company there should be minimum 2 members but if a company is 100% subsidiary of a pvt co., then are we breaking any provisions of companies Act 1956.

what are the uses of money lying in share premium a/c? whether it can be used for normal course of business of the co.?

Also if a company receives application money from a applicant with premium then till allotment how the money + premium received should be disclosed?

Whether share premium is a free reserve?

Please tell me what is the rquired form to formation of PVT.LTD. company.

And let me know how much stamp duty is payable on Rs.100000 share capital.

And also tell maximum number of director to be kept in PVT.LTD.

whether loan taken from director will be entered in Register maintained u/s 301?

I wanted to know advantages and disadvantages of registered mortgage and how it is different from equitable mortgage

In Balance Sheet Abstract part we have to show capital raised during the year so in that particular heading what will be shown in private issue column i.e. increase in authorised capital or no. of shares allotted during the year??

Suppose Company A has increased its share capital on may 2002 say increase of Rs. 50 lac and allotment was done in dec 2003 of 49 lac then for the year 2002-03 what will i show in abstract part??

what if company is showing 49 lac as a share application money in 2002-03??

Please suggest



Thanks & Regards
Vandana Kacholia

1. Both the Foreign Nationals obtained
DIN & DSC for one.

2. They are in Chennai, India presently.

3. Till they incorporate the private
company in CHENNAI, TAMIL NADU,
they will be in India only.

Please confirm my understanding as follows :

1. To apply for Name Availability.

2. To prepare MOA / AOA after name availability.

3. To buy stamp paper Rs.200/- MOA;
Rs.300/- AOA; Rs.20/- POA; Rs.20/-
Form 1 - Declaration of Compliance.

4. To prepare power of attorney (in favour of CA for making any corrections in the docs).

5. To get signatures of both the Foreign Nationals (who are the Promoters &
Directors) in the MOA / AOA / POA / Declaration of Compliance / Consent
Letters (as we do regularly).

6. Thereafter, regular scanning, e-filing, etc.

Kindly correct me and confirm whether my understanding is perfectly in order.

Thanks for the response.

Can anyone tell me regarding procedure as well as documents required to be filed with ROC at the time of conversion of Pvt. Co. to Public Co.at the same time objects of the Co.are being changed and the change in name does not only require deletion of word Private

Please tell me the Due date for filling company law return...