Dear Sir,

Please let me know procedure for allotment of share in case of a Private Limited Company, incorporated for Tourism Business, incorporated under automatic route in India, without taking approval from RBI & Forex, which is guess is correct.
Now company is in process of opening bank account, I need to know procedure for share allotment in case of Foreign National being the subscriber as per MOA.

How much minimum percentage of shares to be subscribed by the subscriber for a Private company incorporating with Authorised Capital Rs1,00,00,000/- divided in to 10,00,000 Equity shares of Rs10/- each.

Respecteed Sir/Mdam

As per the third amendment in Incorporation Rules, 2016 if the details of subscriber holding valid DIN are already updated on MCA, separate proof of identity is not required to be attached in the incorporation form [Rule 16 (1)m]

However on uplaoding the form without the proof of identity, the form is asked to be resubmitted. Resubmission reason being :
To file proof of identity or declaration to this effect.

Please suggest and advice on this matter at the earliest.

Hi,
I have query about the Additional Director Re-appointment.

If an additional director was appointed till the next AGM but he was not regualrised and mca site is still showing him as an additional director then what are our duties to do in this behalf.
Whether we have to pass resolution in back date for his re-appointment ??
or
Whether he should be regarded as his directorship is vacated and vacation rules to be followed ?

Please reply as soon as possible.

Davinder Kaur

A private limited company has issued shares to the subscribers of memorandum. The subscriber has given a cheque for subscription of shares but the private company does not have any bank account till the end of financial year. The bank account has been opened after the end of financial year. The auditor has raised an objection for this.

Please suggest a way out..

Hello Experts, My one client is doing service tax registration. He is a paint (building paint ) contractor. So please suggest me which one service code of paint contractor. Regards Deepak Bissa

Hello All,

A company ABC has 2 directors A and B holding 50% shares. Now they are selling all those shares to other company say XYZ . A and B are already directors of XYZ. Now XYZ intends to appoint A and B as directors in ABC.

So my question is whether A and B has to resign first and then again appointed by XYZ. or no need to do anything

I want to ask that If a company whose main object was Construction related now wants to change the object clause to Textile Business is required to remove the word "Infrastructure" from its name or it can carry the new business with the same name?

I have some physical shares of a company (bought 10 year ago ) but now company had got them listed now ( I have no demat Ac till now)&these are jointly owned by 2 persons . the problem is 2nd holder is in foreign country HOW THESE SHARES CAN BE TRANSFERED

Sir, what is meaning of next AGM in provision of additional Director. if we appoint an additional Director on date 5/02/2016
and AGM held in co 22 September, 2016 then we have to regularize to Additional director in this AGM otherwise in Next year AGM.