One of the director out of 3 wants to resign from Pvt. ltd.( Paid up 1 lacs) he has not given the any money for subscribtion of shares in MOA.

New Person want to entered as director with equal shares.

What is the procedure for above situations ?

Is it require to file Form 32 in physicaly after s efilling with mca ?

Whether it is allowed by the companies to provide the depreceation as per Income Tax Act.

I note that there are no restrictions on payment of remuneration to a Director of a Private Limited company.

1. Can the remuneration be structured in to basic pay, HRA, Dearness Allowance etc. so that he can avail of HRA exemption by submitting Rent Receipt to the company for the rent actually paid by him for the residential accommodation?

2. Also if he could also be provided facility for medical reimbursement upto Rs.15000/- per annum and reimbursement for Petrol, maintenance of car, insurance renewal of premium on car? It is understood that the company will pay Fringe Benefit Tax on the reimbursement

If so if you could you suggest text of the Board Resoluation to be passed in this regard?

Thanks and regards

A Cost Accountant join 15th June, 08 and his acceptance of appointment is come on 30th July, 08, Company forward the all data of 07-08 on 15th Sept, 08. Cost Accountant submit report on 25th Sept, 08 to central Goverment. in that Situation can Cost Accountant is liable for the FIme of Rs. 5000 due to non compaliance of non submition of report in 180 days of closer of Financial Year.

WHAT IS THE PROCEDURE FOR CONVERSION OF LIMITED CO. INTO PVT. LIMITED CO.

HOW MUCH TIME IT WILL TAKE TO CONVERT.

WHAT IS EXP.

FROM
CA Deepak Bagrecha

The COmpany X is a Indian Private Company. ABC is a foreign director and he is paid salary and not Directors remuneration. Then is there some procedure.. The Board will only take on record that ABC is being paid salary. are there any limits for private company. Directors remuneration is not paid only salary is paid. kindly guide.. send mail to agarwal.sarika@in.kline.com

Kindly send me the format resolution required under Section 187 of the companies Act, 1956. i.e the company X is a shareholder in Y company and X company authorising one of his employee to attend the Extra Ordinary General Meeting of Y company and vote on their behalf.

may send at at email id- agarwal.sarika@in.kline.com

can a minor be a shareholder in a private limited company

One of my clients’ Company incorporated in Jan 08 is to b closed down. It’s a Pvt. Need to apply us 560. Can anyone provide a format of application and other docz? Plz. Tq.