Hi,

Kindly provide us a Check-list as to what all the documents to be prepared for appointing a new auditor otherthan the retiring one.

Sec. 225 of the Companies Act, 1956 specify for a special notice from members within such and such time and the circulation thereof.

The copy of Special Notice to be given to the retiring auditor and his representation to be given to the members.(or else to take the permission of Central Govt.)

We do not want to go for Central Govt. permission.

Hope things are clear

regards,

Rajesh Pillai

Hello Every body,

I have a case where we had removed one of the Director under Section
284 of the Companies Act 1956 earlier then the Company realises that
the Director vowes some money to the Company, now the Company sent a
letter asking the Director to pay back the amount but the Director is
not replying to any of the correspondence what would be the next
action.
Regards
Gaurav

Please let me know if a private limited co. can accept loan from an individual.

Dear Friends,

Plz tell me is there any way out to avoid forfeiture of 10% upfront money deposited earlier in compliance with sebi Preferential allotment Guidelines as we are not able to convert warrants issued on preferential basis in to equity shares with in 18 months as required by sebi guidelines.

For your ready reference find below the extract of Preferential guideline:

Provision related to Currency of financial instruments

In case of warrants/ PCDs /FCDs/ or any other financial instruments with a provision of allotment of equity shares at a future date, either through conversion or otherwise, the currency of the instruments shall not exceed beyond 18 months from the date of issue of relevant instruments.
Regards

Can a Company secretary be appointed as the Whole time director of the same Company?

Company listed in BSE is require as per law head of finance is headed by CFO who is qualified chartered accountant.

can a Company appoint company secretary as General manger finance cum company secretary.

what happened if one of the dirctor dies before getting DIN No.

1. When is the subscriber to MOA liable to pay for the shares subscribed by him:
immediately on incorporation or they can pay later?

2. If a subscriber want to take less than the number of shares actually subscribed by him, Can the Company forfeit his shares and sold those share to another person?

3. As per sec 41 The subscribers of the memorandum of a company shall be deemed to have agreed to become members of a company, and on its registration, shall be entered as members in its register of members.
In the register therefore which date should be entered as the date of allotment: date of incorporation? (provided the company yet to receive payment from subscriber)

4. Based on the above case, what should be the time limit for issue of share certifcate: 3 mths from the date of incorporation or the date of receipt of payment?

1)Is any intimation is required by a 100% foreign owned company to RBI or any other authorities for any domestic loan raised from Indian directors, their relatives and other companies.
2) Pls also let us know whether a separate intimation is required to comply with FIPB norms, or ‘FCGPR’ & ‘KYC for UIN of RBI’ suffices the intimation requirements.
3) Any intimation/approvals required under Fema/ other Acts in respect of Foreign Nationals holding directorship in the company.

if a relative of a wholetime director appoints as a MD of the Company whether the provisions of sec. 314(1B) will be applicable or not????