The Company was incorporated on 01/05/2013, now as per old companies act, 1956, the first AGM should be within 15 months from the date of incorporation i.e. should be on or before 30th July 2013.

Pl. know me whether company should convey its first AGM before July or as per new act within 9 months from the date of closure of first financial year ?

Pl. resolve urgently and thanks

As per Listing Agreement half of board should consist of independent director.

As per recent circular issued by MCA
Non executive/Non independent director
( being appointed by Bank for loan taken by company ) shall not be considered as independent director.

Now my query is for composition(half of the board) of ID at time of appointing independent director, Non executive /Non independent should be taken in account

for example
Board consists of 8 members

2 Members (MD and Non executive directors)- Promoters

1 Members- ID

Balance 5 Members- Non Independent directors being appointed by bank in the board for loan taken by company)

In this situation whether existing ONE ID is enough in the board as ID ( as per Listing agreement )

or

Existing one ID +3 ID members to be appointed in the board as ID (8 -half of board)

or

Existing one ID + 5 to be appointed in the board as ID (Existing 8 +4 New ID- half of board)

kindly suggest suitable solution for the above.

Dear All,

One of my Client wants to appoint a statutory Auditor of the year financial year 2011-12. What is the procedure to intimate the RoC..

Thanking you in anticipation.

Regards,

Abhishek

what is difference between body corporate and company????

Hello Everyone,

A person is a director in two companies. In a company he is preparing fake bills of other company and withdrawing the amount from the other company. What are the consequences in this situation? What is the relevant sections of the Companies Act, 2013 which is to be referred for ans of this querry.

Please reply urgently.

What is the Threshold limit of Capital for Company Secretary Appointment for Private and Public Companies? I think the Limit was Rs.10 Crores at the time of commencement of Companies Act 2013 and now it has been changed to Rs.5 Crores. Can any one clarify in this regard?

hey guyzz pls help!!!

what is the role of company secretary in loan documentation and project financing.

I WOULD LIKE TO KNOW WHETHER THE HOLDING COMPANY CAN KEEP ITS ASSETS AS GUARANTEE WHILE TAKING LOAN FOR ITS SUBSIDIARY COMPANY?

In case of a private company when an auditor resigns he needs to file the notice of resignation to company and ROC as per section 140(2). This form is to be attched to GNL2. now my query is : Is auditor responsible for filling GNL2 with ROC and if yes then is it the director who is going to sign the GNL 2. Please resolve.

A public limited co incorporated in Dec2013,has appointed its first Auditor in the SLP filed with the ROC.If the Auditor wants to resign before the co. holds its first AGM,can he do so?What is the procedure?