Dear Sir, While filing resolution by boatd of directors disclosure of interest information in Form MGT-14, why ordinary resoluion with requisite majority and explanatory statement are required.Please guide.

Section 152(6) of the Companies Act, 2013 provides that unless the Articles of Association provide for retirement by rotation of all directors at every annual general meeting, at least two-thirds of the total number of directors of a public company shall be persons whose office is liable to retirement by rotation and sub-section (7) provides that one-third of such directors shall retire by rotation at each annual general meeting of the company after the first annual general meeting.

This provision is a bit confusing? 2/3rd of directors(excluding independent directors) are liable to retire or 1/3rd? Can someone explain it to me with an illustration?

What is the Form to be filled for registration of Designated Partner of an LLP to be formed?
Is it DIN-1,DIR-3 or DIR-3C ?
There are two different links on the MCA site for the same .
http://www.mca.gov.in/LLP/Download_eForm_choose.html
and
http://www.mca.gov.in/MinistryV2/Download_eForm_LLP.html

I am having pvt ltd company which i am converting into LLPs. One of the share Holder is in HUF Capacity. AS per LLPs law, HUF can not become a Partner in LLPs.
What should do ?

Jayesh shah

I have filed INC-22 on 26/12/2014 to change the company's address within local limits of city and my SRN status is also showing approved on MCA Portal.But when i check the Master Data on mca it is still showing the old address.

Will i get a new COI with new address ?


What to do in this case how can i get it changed on Master Data?

A private company is proposing to give a short term loan(6 months tenure at a rate of 12% p.a) to another private company (chairman of the board are common and with one more director common). Common directors does not hold shareholding in first company, whereas one common directors has a shareholding in the second company along with executive directorship.

Further Section 25 company is a promoter of both the company.

Opinion : is this allowable under the provision of section 185 or it can still provide loan by taking approval of its shareholders by passing special resolution under the provision of section 186

Pls advise

I am updating digital signature of director at MCA website but when clicking on "Select Certificate" then no browser open. I am unable to select certificate.

I have updated Java 8 version 25 but still no solution

What do I do in this situation. Please guide me it's urgent......

Dear Expert

I would like to know the procedure to buy car on loan for LLP with respect to board resolution and other procedures

Thanks

Does a Public Unlisted Co, needs to give advertisement in newspaper for closure of Register of Members for the purpose of Rights Issue?

Good Evening Respected Sir/Madam,

i have one query related with decrease in the remuneration of a director. a PVT company incorporated as per new Companies Act, 2013 with 2 person who are the Whole Time directors as well as shareholders of the company. they want to decrease their salary from 25000 to 20000 p.m. in the article of the company A clause mentioned


"Subject to the provisions of the Act,—
(i) A chief executive officer, manager, company secretary or chief financial officer may be appointed by the Board for such term, at such remuneration and upon such conditions as it may thinks fit; and any chief executive officer, manager, company secretary or chief financial
officer so appointed may be removed by means of a resolution of the Board;"

Now my query is still the company needs to file MGT-14 or a simple board resolution is sufficient and taken into records?