Respected Members,
What is the provision if we want to alter the capital clause of the pvt. company in the MOA ie. can we consolidate shares of a smaller face value of rs. 10/- into share of a larger face value of rs. 100/- and reduce the number of shares while keeping the total authorised capital same

A private limited wants to split up and then transfer shares
1. Pl. tell me procedure for split up of shares
2. any specimen resolution for split up of shares

Thanks in Advance

As per the companies act 2013.company having paid up capital of Rs 5 cr or more that time appointment of whole time company secretary is compulsory.

1.what is the penalty available to the company having paid up capital Rs 5 cr or more.--- if company not appointment whole time company secretary, and get compliance to the Roc from the PRACTISING CS. PCS having the knowledge about non appointment of whole time appointment of cs.
what is the responsibility of company and pcs also who render that service?

what are the consequences if a director resigns from a private company having two directors. Can this further continue under companies Act 2013?

please describe me conditions on 10% and 11% managerial remuneration u\sec197,198 companies act 2013 ?

Can anybody pl clarify that List of resolutions given in section 179 (3)-"to approve financial statement and the Board’s report" as to whether :-a. It refers to resolutions passed in Board meeting or meeting of the members?
b. Do we need to pass and file seperate resolutions for approval of financial statements and for approval of Directors' report?
Can I also get a sample copy of resolution for approval of Directors Report?

Hi Sir,
I Have one doubt.
Can A director of Private Ltd. Co. get remuneration as well as professional fees?
The said pvt. ltd. co. was in education sector, and earlier director was providing the coaching also in the same company and as of now he is looking only after administration part of the same company?

As of now we are paying both salary as well as professional fees? Is this proper??
Please guide.

Hello there, There were 45 new sections notified in Nov 2014 exams in law. I'm CA final student. I want to know is there any other new sections notified which will be applicable for May 2015 exams

I have a Query that whether we also have to file Form MGT-14 in case of Director's Resignation because as per section 179(3)(K) read with rule 8(5) of Companies (Meetings of Board and its Powers) Rules, 2014 we have to file form MGT-14 (to take note of the disclosure of director's interest and shareholding) under section 184 (1) it is mentioned that whenever there is any change in the disclosures already made, then at the first BM held after such change disclose his concern or interest in such manner as may be prescribed.

Read more at: https://www.caclubindia.com/forum/details.asp?mod_id=291904&offset=8#.VMt3_iwynCM

A Public unlisted company appointed an independent director in the December 2012 in Board Meeting and filed his Form-32 as Additional ,Independent and Non Executive Director. His Appointment was confirmed in AGM in the year 2013.

Now as per Section 149 Companies Act,2013 and clarification provided in General Circular no.14/2014 dated 09th June,2014 provides that if it is intended to appoint Existing Independent Directors under the new ACT, such appointment shall be made expressly under Section 149(10)/(11) read with Schedule IV of the ACT within one year from 1st April,2014.
The applicablity of appointment of two independent director on the company arose from 01st September,2014

Your views are solicited on the below mentioned query:

In this situation do we need to put this matter in Board meeting and appoint already appointed Independent Director as Additional and Independent Director and File his DIR-12 and confirm his appointment in the ensuing General Meeting.
OR
His appointment is directly to be done in the ensuing General Meeting as per the provisions of Companies Act, 2013 and Form of his appointment i.e. DIR-12 is to be filed?