The authorised share capital of the private limited company was Rs.1.00 Crore as on 30th Nov.2007. After passing the resolution in Extra Ordinary General Meeting it was increased to Rs. 2.00 Crores. But,the fees for increasing the authorised share capital was paid int he government treasury in delhi on 26th Sept, 2008. The Form 5 was also filed on 26th Sept, 2008.
As on 31st March,2008 can we show as under:

Authorised capital - 2 Crores.
Paid Up Capital - 1.50 Lacs
Share Application Money - 1.00 Crors.

I want to know if a company incorporating a new comapny then whether it should go for incorporation of new subsidiary co. or incorporation of new co. as a Joint venture.
what are the major advantages or disadvantages of subsidiary or joint venture.

Please reply

I would like to know the implication of section-212 of Companies Act, 1956 on overseas subsidiaries.Do we have to prepare balance sheet , profit and loss account , directors' report and auditors' report of overseas subsidiaries in accordance with companies Act, 1956 apart from the respective country's law or is there a way out for this??

Plz provide a format of resolution for closing a bank account of hte comp.

What is the term of office of a director retiring by rotation. Assuming that a director is appointed at an AGM, does he remain a director upto the end of the AGM (based on 2/3rd majority provision etc.). Auditors appointment specifically states that the appointment is valid upto the end of the next AGM, but similar provision is not available in the Companies Act for director's appointment.

Can someone clarify.

Hi All,

If a Company wishes to borrow money from its Directors then what are the procedures to be followed by that Company and its Directors? Is there any specific provision in the Companies Act which deals with the Borrowing from the Directors or just verifying the provisions in the Articles of Association of that Company is suffice?

Hi,
What is Due Dillengce? Which Companies are required to do Due Dillengce? What is the Objective Of it? What is the Time gap Allowed between two Due Dillengce Report? Can any one Give me the full information about it?

can any one suggest me on whether can a company can issue shares of same class with different face values.

We are a private ltd company. 50%of the shares of our company is held by one of our group company A ( pvt ltd).

Now Group company A wants to transfer its shares to another group company B (pvt ltd). Please tell me, whether Cmpany A can transfer the shares at Par value to Company B or is there any procedure to treat differently. As all are private limited companies I feel that I can transfer at Par.

Please advice.

please also send relvant provision to my mail id ramprasad@rksbbdo.com