Dear Friends / Experts,

Query

Can someone please advise on the following?

A small company has a Foreign Director, who stays abroad and participates in Board Meeting through video conferencing or other audio visual means. (Note: This looks OK).

It seems the said Foreign Director has not been attending to Company for more than two years.

Here, I need to know, should there be an ‘Alternate Director’ mandatorily for the said Foreign Director
or
‘Alternate Director’ requirement is not a specific in the case of a small company.

Your reply, please..............

Thanks in advance for possible replies from all concerned.

Dear Sir

I formed a public limited company (company limited by share) in 2008.But i was arrested in 2010 in a criminal case and was in jail from Dec'2010 till Dec'2015.When i came back from jail i was astonished to see my company listed as "COMPANY UNDER PROSECUTION" in MCA (Ministry Of Corporate Affairs) and i was charged under section 159/160/161/162(1)/220(1)/220(2)/220(3) in Additional Chief Judicial Magistrate(Special), Cuttack,Odisha

I dont have any idea regarding all these cases.Please guide me what I should do now and what procedure i should follow.Is there any imprisonment in these sections,

Kindly guide me....please

Dear Friends / Experts,

Query

Can someone please clarify on the following issue?

A Small Company appointed Additional Director on 31/07/15. Company has belatedly held AGM on 30/11/15. (Note: I am able to understand, it is a violation, as Company did not get permission of RoC for holding AGM after the due date).

What is the position of Additional Director i.e. whether he was automatically vacated on 30/09/15?

Your reply, please..............

Whether Company can regularize him as Director in the belated AGM held on 30/11/15.

Your reply, please..............

Thanks in advance for possible replies from all concerned.

Hello Experts,


Anyone please guide me on matter of Managerial Comission to Managing Director on monthly basis.

Commission to Managing director is a part of Remuneration to that MD???

kindly solve the same asap.


Thanks in advance.

Whether an OPC should appoint one more Director while getting converted into private company since the Minimum Number of Directors is 2.Or Can OPC appoint one more director after such conversion ?Kindly suggest .....

Dear All,

A Company has passed a resolution in the year 2010 authorizing the Managing Director with the substantial powers of Management, administrative functions.
Since, the list of the shareholders includes the company incorporated in Australia and they have a stake in the company.

Now, the company is got the sanction of Loan from Bank which together with existing loans exceeds the limits specified under the act.

Now my query is that whether the resolution passed in 2010 is still valid, or not?

i wants to trade in a product of european company in india. i wants to incorporate a sister concern of this company how can i do it. What is procedure and charges for this. Please relpy fast.

Dear Respected CCI Members,

Can a Practising Chartered Accountant file ROC Forms i.e AOC 4 & MGT 7 Forms on behalf of his Clients i.e whose audit he has conducted under Sec 44 AB and/or under Companies Act ?? Whether there are any restrictions under companies act 2013. Thanks in Advance.

Sir,
Mr. X is working in private company and the company provided the provision for Gratuity for all Employees. Can Mr. X withdraw his Accumulated Gratuity after completion of 5 years of Service during the course of employment? He is neither retired nor resigned.

Please explain me the concept

Dear Friends / Experts,

Query

Can someone please clarify whether the non-compliance of the following nature will lead to vacation of office?

‘if a Director (who is a Foreign National resides in his home country) of a small company has not attended even one meeting in a period of 12 months’

Your reply, please..............

Please advise any 'permissible way' to avoid such non-compliances in future periods.
Your reply, please..............

Thanks in advance for possible replies from all concerned.