ABC pvt. ltd having paid up capital more than 1 crore enters into contract with director relative for purchase of goods and not obtained the permission of central government.Further, company sold the goods to third party.

Now my question is whether this contract is void ? If so, then wht will happens as you know goods are already sold.

If a pvt. company (having paid up capital of Rs. 1 crore )enters into contract with its director's relative for purchase of shares of and not obtained the central govt. approval. Further, company sold shares (acquird frm director relative ) to third party.

Now my question is :-
1. Whether contract is void and if contract is void then wht will be the impact with sale of shares by the company ?

Dear Sir,

Can you guide me on the following matter:
1) Pvt. Ltd. Company have 2 Director
2) 1 director want to transfer shares
Question:

1)Whats procedure to transfer ?
2) Whether require to intimate to ROC ? if yea whats time period.
3) Incoming person willing to become director, then wa\hats stepes to be taken

Pls treat urjently.

Warm Regards,

CA Radhesham Bhutada
9822890980

370 1B (v) if one or more directors of the one body corporate while holding, whether by themselves or together with their relatives, the majority of shares in that body corporate also hold, whether by themselves or together with their relatives, the majority of shares in the other body corporate

if the directors holding shares in a co and tht company is a share holder in a body corproate it will b applicable or not?

Pl comment. Its urgent

Hi,
When i was doing statutory audit, i observed that, the share cap & reserves were totally eroded by the brought f/w & currenty year losses in the balance sheet. My queries are;
a) Is the statutory auditor required to qualify the report?
b) Is there any other statutory implications on this balance sheet?

Kindly reply soon....
Ram

whether any link of authorised caital requirement with the main object of the company.

As per Section 383A(1) of Companies Act,company having a paid-up share capital of rupees twenty five lakhs or more is required to hv a whole time company secretary.
Does it mean the company should hv CS for full year or evn for part of the year is valid.

A COMPANY PURCHASED A LAND IN A STATE OTHER THAN THE STATE IN WHICH COMPANY IS REGISTERED FOR INSTALLATION MANUFACTURING PLANT, DUE TO RECESSION COMPANY CANCELLED ITS PLAN AND NOW WANTS TO SPLIT THE COMPANY INTO 2 PARTS, WHETHER DEMERGER IS SUGGESTED IN TNIS CASE IF SO WHAT IS THE PROCESS OF DEMERGER

1)Special provision for Unlisted Public Companies.?
2)Sections where they are very different from Private Companies?
3)Special Compliances?

Hello friends,

Can anybody tell me

whether a unlisted public limited co. can accept unsecured loans from its directors and members ?

Plz tell me the section also.

I know that sec. 58 A is applicable as well as the Companies (Acceptance of Deposits) Rules, 1975 is applicable, but i m not clear what sub clause ix of rule 2 says.

Is it exempting directors, relatives or members of private co. only or of any co.

Plz reply as fast as u can.

Thanks