Dear Friends, a warm greeting to all.

Can any one please tell me that whether a Listed Company (Trading Suspended form last many years)which is a sick company having no business, has to follow the corporate governance norms prescribed by the Clause 49 of the Listing Agreements. Is it mandatory to follow for such company.

Sir/Mam

A company has Equity share capital of Rs. 50 lacs and preference share capital of Rs. 50 lacs now, it wants to convert its Cumulative preference share capital of Rs. 50 lacs into Equity Share Capital. I would like to know that when we file Form 5 and form 2 in this case, then do we have to pay stamp duty on it as it has already paid at the time of issue.

Hi,

It is come to our Notice that there is an error in the Master Data of the Company in MCA site. We send a Master Data correction request to the concerned RoC. However, our request is not entertained by them saying that the company is formed in 2006 and the facility is not available for companies formed after computarisation of ROC affairs.

On our perusal, we have realised that the paid-up capital is shown more than what is actual.
The error is copied from the error on Form No. 20B filed.

We would like to get this error corrected

Kindly advice us the course of action to be done.

best regards,

Rajesh Pillai

Friends,

One indian company exporting goods to uk. they have one person in uk like agent. invoice will be raised in the name of agent. he will sell the goods in uk to various parties. the payment to the indian company, agent will send only 90% of the invoice amount. 10% he will retain.

is there any restriction under fema for this transaction?

There is A Pvt. Ltd. which becomes on 1st April, WOS of B Ltd. And so provisions of section 3(1)(iv)(c) it becomes Public company.

SO the question is whether application to ROC for conversion of the company is mandatory?

if yes within what time?

If ROC convert the company to a LTD company on application from when the covnersion be effective for the purpose of application of other provision of Companies Act, as may otherwise be applcable to Pvt. Companies.

And should be the status of the company during the period of application is pending

Dear,

Pvt ltd. Co. incorporated on 20th March 2009. Now can I prepare statutory audit report of co. as on 20.04.2009 for the financial year 2009-10 and when should be held A.G.m. of co.

ca pawan singhal

What is the provisions/procedures for further issue of shares to existing shareholders by a Private Ltd Company? Is it necessary to pass a Special Resolution in EGM? Please guide and mention the time limit for compiling related provisions.

In Idian Companies Act, there is a term One man Company.
What is One man company?

Thank for your response

When is internal audit compulsory for private limited companies?

Rates prescribed in Schedule XIV to the Companies Act, 1956 are not mandatory . But as per section 349 and 350 for the purposes of calculation of managerial remuneration availability of profits for distribution as dividend, the rates prescribed in said schedule shall have to be applied.

But what if we are not distributing dividend and we calculated net profit for managerial remuneration separately then what will be the position.........???