hi we are 4 directors in a company. shares are we have 35,25,20,20. the 2 directors which they have 20%. there are not supporting and they are using company name & property and they are getting money from projects which they belongs to company. they are using the money for their own. now as I said they are not supporting. so, now how can I remove director what are the options dose I have to remove them. as well as what are the options they have to oppose me(having 60% share holding)

x-property valuing rs.10 crores owned by A and B given as collataral to M=bank for a loan of rs.2 crores given to S.Pvt.ltd co. in which A is one of the director. A wants to give the same property as collateral security on parri passu basis for loan of Rs.3 crores given by N-bank to a partnership firm in which A is one of the partner. What is legality of the transaction in light of sec.185 of new Companies Act, 2013 and sec.186 of new Companies Act, 2013 which is yet to be notified.

Hi,
Please suggested me Main objects for security services and manpower pvt ltd

While filing F-32 for a pvt. ltd. co. we have 3 options i.e. promoter, professional and independent director.

Please tell which option to choose if a new director is appointed not related to promoter in any manner?

Is it mandatory for Professional Director to have professional qualification?

Dear All,

if any listed company Chang financial year(less then 12 month)...so whether its mandatory to give intimation to ROC...No....WHERE IT IS SPECIFIED IN COMPANIES ACT, 1956

Dear All,

if any listed company Chang financial year(less then 12 month)...so whether its mandatory to give intimation to ROC...IF YES....WHERE IT IS SPECIFIED IN COMPANIES ACT, 1956

Dear sir,
I have one query regarding sec 102.
for one Pvt Company we conducted an EGM notice dated 7th Dec 13 and EGM date is 30th Dec and we submitted the forms 5 and 23 to ROC. but they given Resubmission remarks like as "Resolution copy and Notice along with explanatory statement U/s 102 has not furnished.Form should be resubmitted".
So please give advice if again we need to give notice u/s 102 to the Share Holders and again we need Conduct EGM or not. Please Explain to me.

Thanks & Regards,
Student

Dear All,

Our group of friends want to start a company whose primary businesses would be

- Purchase & Sale of Property
- Development of Property & Sale

We plan to have 50 shareholders who would contribute 50,000 each half yearly for 5 years. Thus taking the company to 2.5 Crore's.

1) Managing Director would either get 10% sweat equity or 10% of Net Profit every year. What is better ??

2) How we should place its authorized capital as ? , should it be 2.5 Cr from the start itself (it would be costly :) )? or we can start with some other amount ? and keep increasing ??. how to consider future expansions if we subscribe all the authorized capital ??

3) should we charge some premium in share allotment to shareholder's ??

Any other suggestions are also most welcome around the same.

Regards

Dear Expert

can a director appoint someone to attend board meeting ? if yes please mention section.

Can there be any way to find in how many companies can a single person is holding as director at a given date. Jay by giving his din number