WHAT IS THE LIMIT ABOVE WHICH INTERNAL AUDIT IS COMPULSORY

Can Bonus shares be issued out of Revaluation Reserve?

is there any limit for sitting fees paid to director in the company law

) Whether a Non Indian Citizen (Eg. UAE National) can become a shareholder or director of an Indian company (Pvt and public), having object of Echo Tourism ?

2) What are the limitations for Non Indian Citizen (Eg. UAE National) to part of an Indian Company.

3) Whether they can form the company with all NRI Directors.

4) Whether there is any requirement for Resident shareholder/director.

5) Whether NRI can also act as MD of the company

6) Whether any legal limitations for the above activities

Dear Sir / Madam,

We would like to pose a unique query for which we would like a reply at the earliest.

One of our clients had two directors till September 2007 and two new nominee directors were appointed in September. Form 32 has not been filed for their appointment.

There were some differences between the two old Directors and the two new directors and in pursuance to that, both the old directors (one of whom had the DSC) resigned from the Board. The form 32 for their resignation has not been filed either.

Now we are facing a practical problem as we will not be able to approach the old directors to sign the forms as they have already resigned and none of two new directors have a DSC.

Please provide us with a practical solution for filing Form 32 for both appointment as well as resignation.

Awaiting your replies in earnest,

Best regards,

Chetan

which forms are to be submitted by the Company for allotment of preference shares to ROC under the Companies Act, 1956?

Mine is the listed co. on the BSE and i like to the know the procedure for Change in the Object Clause and the its compliace?
Sir we arange a postal ballot,
so is it necessary to take a approval of postal ballot from the ROC. or we directly send to shareholders, and suppose we not took the approval and complete the procedure then what is the consequences.

The object clause of a Private company is required to be changed. Please suggest me the process required to be followed for the MCA21 compliance and other requirement. What the relevent section to look for in the companies act.

If basic salary exceeds rs.6500/let's take rs.9000/ and our company want's to give PF benefit to that employee also and he is also interested.
then an what amount PF will be deductable whether on Rs.6500/ or on entire amount i.e. 9000 on total basic salary.

regards,
Anil Jain.

Whats should be the treatment of Goodwill arising at the time of acquisition of a company, as per Indian Accounting Standard as well as per International Acounting Standards. For how many years goodwill should be amortised?