Our company's 3 directors will be retire by rotation and we will reappoint them but one of directors do not want to continue the position of director in future then what is the provision of cessation of that director according to Companies Act, 2013 ??

Please suggest

Dear Friends,

Private Company A owns 99% shares in another private company B & C. Company B owns 70% shares in Private Company D.
Will the company A is required to prepare consolidated balance sheet considering the final balance sheets of B,C & D???. Will the Annual Return of A has to be consolidated also??
What is the penalty for non compliance???

If a company has altered its main object by passing a special resolution and the concerned Registrar of Companies has issued a certificate of registration of special resolution confirming alteration of object clause as per provision of section 13 (1) of Companies Act 2013, then whether the copy of said certificate of registration for change in object clause is COMPULSORILY required to be attached with Memorandum of the company? My interpretation is that , it is mandatory to attach to MOA as the said certificate indicates that object clause of the company is confirmed by ROC.

please tell the procedure to filr LLP return?

My Company wants to allot 500 shares of Rs.10 each i.e total of Rs. 50,00 to some NEW investor. This is clearly a matter of Private Placement since he is not an existing shareholder. However, Rule 14(2)(c) of Prospectus & Allotment Rules provides that Private Placement cannot be done for an amount of less than Rs.20,000 to each person.

How do I allot shares to this new investor? Which section will apply to such allotment?

Dear Sir,

A auditor was appointed in for a single financial year e.g. 01 April 2015 to 31.03.16. Now the management wants to change the auditor in next financial year as the term of existing auditor has been expired.

If, I gone plainly, with the provisions of Companies Act 2013 or even Companies Act 1956, in case of appointment of new auditor other than RETIRING AUDITOR, special notice need to be given.

My question is :

1. what is the interpretation of retiring Auditor.
2. If a auditor whose term has been expired after the end of financial year then is it a burden on the company to appoint that existing auditor again.
3. Should I need to give special notice to said auditor whose term has been expired and we no longer need to appoint again.

Please also quote some legal issues based in issue if any.

Views of all my respected senior are solicited.

Thanks and warm Regards
Naresh K Sharma

What is the NIC Code for Manpower Placement And recruiting services in case of LLP?

Dear All,

I want to know if one person can sign the subscribers sheet of memorandum of association on behalf of three private companies.

There's a case in which there are four subscribers to Memorandum of Association of Private Company. All four are Companies.
However, one individual has signed the subscribers sheet on behalf of three companies out of the four companies.

I want to know if such a subscription is valid or not?
If anyone knows anything, please Reply.
Its Urgent.

We have incorporated a company using INC-7 and now we have filed DIR-12 appointing 2 directors as well. Do we still need to File DIR-3C & are the directors liable to intimate their DIn's to the company in DIR-3B still.
Exactly when is a director required to file DIR-3B with the company & when is a company required to intimate the ROC using DIR-3C.
Thanks in advance.

Can you tell me procedure regarding appointment of statutory auditor of company as director in a private company?