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

managing director of a private limited company has to resign from his directorship as MD as he is being appointed as MD in another company. But in the original company he has to continue as director. Kindly suggest the course of action for this and resolution and number of form 32 to be filed.

MD of a unlisted Public company has requested company to make the payment on behalf of him to the vendor for the purchase of plot of land(MD Personal) and deducted from the remuneration accordingly by the company.
My query in this case, what are the ideal formalities to be completed before proceeding for the payment by the company to commensurate with Companies Act,1956.And also please provide me with the difference,if any, in amended provisions as per Companies Act,2013(Amended)

In a Pvt Co.,there are total 2 Directors.
And one fine day two additional directors are appointed. And on the next day of appointment those initial 2 Directors were resigned.

After resignation, the company is left with 2 Additional Directors.

My query is Can a company carry on with only Additional Directors with no Director?

Dear Sirs,
Our Company is planning form company in US and make an existing Indian Pvt Ltd company as a fully Owned subsidiary of a US based company.
Can some tell me about the formalities ?
How the shares are transferred to foreign company from individual share holders ?
Any capital gain tax applicable for such transfers.

Waiting for your valuable reply on this.Can guide me some who handle this Bangalore..

Hi

Recently we had incorporated a company,for that we had filled form 1,form 32 & form 18.

My doubt is how to find company incorporation status at ROC site using SRN..

THANKS IN ADVANCE.

I am working for a private limited company and the directors want to increase the authorized share capital and make some change in the main object clause. There are two director in the company holding 92 % shares and and 4 shareholders with 8 % shares. A shareholder with 2 % shares is against these changes. Is it necessary to send the notice for passing resolutions and whether his presence is necessary for voting rights while holding general meeting. Plzz help

Dear All,

I want to change the name of my company from "Anantadrishti Consultancy Services Private Limited" to "Anantadrishti Business Solutions Private Limited"

My Query for CA Club Experts are

1. Is "Business Solutions" words can be incorporated in the company name with the capital value of Rs. 1,00,000 or we have to increase the Capital Value.
2. What is the procedure for name change and how much fees we have to pay.
3. How can we update the new name in PAN and Service tax department.

With Regards
Deepak Verma