Is DIR -12 required to file upon completion of term of additional director??? I mean considering it as resignation. Though the term of the additional director is completed, the director name still shown in MCA website.... some professional suggests to file as resignation. please clarify.

A private Company having only individual as subscriber and no loan from bank or financial institution , only one director has given loan

1. Paid up Share capital Rs.1,00,000/- and surplus reserve of Rs. 9,34,000/- as on 31.03.2016 has given
(1) loan of Rs.10,35,000/- to its one of Director appearing under short term loans and Advances under asset side
(2) under other current asset , current balance of A director is appearing for RS. 22,20,495/- and for another director for Rs. 11,500/-

whether above is allowed under Section 185 ?

A proprietorship firm purchased land from a public limited company in which the father of proprietor is director and issued cheque in the name of company. The firm has to show capital in its books of accounts by taking money from that company. What is the procedure to invest the amount in proprietorship firm? What entries will be passed so that the amount is shown as capital invested by proprietor?

Sir,
If a company has issued different share certificate for different distinctive number of shares to one person.
For ex. 0001 sh to 1000 sh, for which share certificate issued bearing number is 001. 1000 sh to 5000 sh, for which share certificate issued bearing number is 002. 5000 sh to 9000 sh, for which share certificate issued bearing number is 003.
Now, can i cancel all distinctive number of shares for issue of only one share certificate for share bearing distinctive number 0001 sh to 9000 sh.

Dear Friends & Prof Colleagues ,
Please consider the given below issue and post your comments.

In case of merger , allotment of shares as consideration for acquisition, to more than 200 allotee's, be treated as public issue?
Whether shares issued by a company to individual share holders to acquire business(Holding Subsidiary relationship) of another company be treated as public offer?

Thanks in ADVANCE

can dividend be adjusted against calls in arrears

Dear Sir
Whether loan taken/given by company to/from directors are to be recorded in register u/s 189 and whether it will be disclosed in notes to accounts as per As-18.

Hi, If my pvt.ltd company after paying tax has a profit of 1cr how can the share holders take out the money from company..?My CA say that shareholders can take money in form of dividend but that will result in additional tax in the form of dividend distribution tax @15%..? so that will am out to total taxation of about 50%....PLS help ...

Dear All
As per schedule v a director cannot draw the agregate remuneration Rs. XXXXXX from all companies. Pls let me know the same with an example,

Thanks & Regards
Arun Bhargave

please share the procedure for conducting meeting on poll.