In case of Public Co., What is the procedures & conditions to be fulfilled for appointing a Director as Managing Direcor.

Can you also brief the Forms to be filed & Resolutions to be passed ??

Please reply...

Dear Friends,

Please advise. Can a person be appointed as WTD of more than 1 company. Also mention if there is any source or DCA clarification etc.

As per my opinion a person may be appointed as a Whole Time Director in more than 1 company especially under the same group companies.

Regarding WTD there is no specific provision like sec. 316(MD) or 386(Manager) to regulate the appointment of WTD. As far as section 269, 302 and schedule XIII are concerned they don't talk about no. of assignments as WTD.

Thanks in advance. Regards

Hi...

Can we file Balance Sheet and Annual Return in Form 23AC & ACA and Form 20B by simply mentioning Sd/- in place of actual signature of directors. Is this a legal method. Share your experience.

Let me tell you that i am following this method from last 2 years and all the forms are approved at MCA portal and properly reflected in the Master Data of my companies.

Regards-Ankur

Dear Friends

A Pvt.Ltd Company incorporated in Year 2001 issue shares to shareholders at par Rs.100/- Each .
In the year 2007 further issue equity shares to directors at premium of Rs.500/- each.

Further issue equity shares to directors at par Rs.100/- Each in the month of feb,2009.

Please tell me the allotment of shares in feb,2009 at par is correct and as per company act,1956 or not.
Please help me.

Thanks & Regards

JAI HO

S.K.GUPTA

Dear Professionals

If a person was apppointed as a Whole time director for a term of 3 years and now after one year of appointment as WTD, the company has decided to appoint him as a Managing Director (terms and conditions remains same).

Pls advise as to whether form 25C is reuired to be filed or only Form 32 is required for change in designation of the WTD.

Thanks & regards
Deepika Bhardwaj

Whether Joint Holder of Shares considered to be a member for the purpose section 297 of the Companies Act, 1956 ?

Hello Experts,

If any company pays ROC Fees of Rs.90,000/- & Franking Charges Of Rs.45,000/-
For increase in authorised capital from Rs.5,00,000/- to 50,00,000/-
Whether this 1,35,000/- (90000+45000) should be capitalised or transferred to profit and loss account or
Treated as deferred revenue expenditure or Misc. expenditure to the extent not written off .

The company is not newly incorporated . it is 10 years old company .

A Pvt. Ltd Co. having capital of Rs. 100000 and reserves of Rs. 150000/-, no bank loan, and some fixed assets and a loan from a director, wants to wind up. What will be the procedure?
Also, the balance left after meeting all obligations and liabilities will be treated as dividend or it simbply be divided into shareholders.
Please ans
It is very urgent

if in a year, the directors of a company have not proposed dividend or have proposed nil dividend, then is it required to include DECLARATION OF DIVIDEND in the ordinary business of notice of the AGM...

Dear Sir,

What is the difference between Transfer of Shares and Transmission of Shares??