Dear All,

As we understand to incorporate Public Company minimum number of 7 member(s) are required.I wanted to know whether Is it legally possible that 1 shareholder serves as trustee for the other 6 shareholders in the Public Company.

Regards,
RK

Can a person holding preference share/s be appointed as the statutory auditor of the company? Please provide reasons for your answer

What is the difference between a company and a corporation?
Is the term Corporation defined in any Act?

Hi,

As per companies act is it mandatory to show the income tax saved in case of a company undergoing loss????????? If so please do let me know as to how it has to be disclosed???? Further is there any provision which makes this disclosure a mandatory one????

Dear All,

Can any body give me the interpretation of Section 4(7) of Companies act.When any Wholly Owned Susidiary of Foreign Corporate is deemed to be public company in terms of Section 4(7) .

Regards,
RK

How does a company determine the amount of money in excess of its wants? Is it by computing the money remaining idle?If so how is that computed?

Refer section 100(1)(c)

what is meant paid up share capital which is lost or unrepresented by available assets?
Refer section 100(1)(b)

What is meant by extinguishing liability on shares as provided in Section 100 ?
What is the difference between extinguishing liability and reducing liability on share capital?

Under Companies Act,1956 is it permissible to accept Share Application Maoney be in Kind? or it has to be in Cash only?

Dear All,

Ours is a public limited non-listed company. We are going to issue shares through private placement. My querries are:
1) What is the rate of stamp duty to be paid on share certificate
2) Can we pay stmap duty by franking share certificate? Is it legal to frank share certificate? If not than what is the way to pay stamp duty on sharecertificate?
3) Stamp duty is to be calculated on paid up value or paid up + primum?