our Co. had paid dividend to Pref. shareholders for 2 continuing yrs without approving it at AGM. Is there any default?
Now what step should be taken to rectify the error?
plz also tell the penalty for Default.

HI,
I am Sanjeev. my query is that there is requirement of inernal audit under CARO if unlisted co. has paid up capital and reserves more than 50Lakh. my question is that whether share application money pending for allotment will be included in this condition or not.

Plz. send filable form of Annual Return of Schedule V of The Companies Act, 1956

I understand that a foreign company has the option of starting a business in India through a plethora of options - liason offices, branch offices, subsidiaries etc.

Assume that a foreign company chooses to open a liaison office and does so. What I would like to know is if there is a special procedure that a company is expected to follow if it want to convert this liaison office into a wholly owned subsidiary?

HI,

Can the subsidiary company invest in the shares of its holding company? is it possible?
In this case the holding company holds 90% of shareholdinds in Subsidiary company. Is the above transaction valid under the Companies Act, Please guide

A private limited co. wants to issue shares to its existing share holders on right basis. It has no power in the articles. What should be the procedure for issue of shares on right basis in a pvt ltd co.? Please rply

a private company had received some application money from the shareholders on march,2006, now it wants to refund it. So please suggest me whether the company will provide interest or not.

As per companies act, there sholud be at least 2 and 7 members for private and public co respectively. But why some companies are called as 100% subsidiary, which practically does not happen.

Can a foreigner can be appoint as a full time director.if so then pls let me know the section of the said law.......and if there is any guidelines issed by the FEMA for their remuneration.....///////

Can u please specify the source of funds required for a bonus issue( in specific order) for issue of fully paid bonus shares.