I have newly registered an Indian pvt ltd company with a capital of Rs 1lac/-. Wht are the fixed charges like profession tax, audit fees etc, I have to incurr annually?

The company have two directors one of whom is additional director and another is director. The company requires to make its additional director as a director, which requires resignation by the additional director. But if the additional director resigns the company will have only one director which is against the provision of the Companies Act, 1956.
So how the additional director can be appointed as a director without appointing any other person as a director of the company. Is there any way.......................?

Hii all,

I hv to split up share having distinctive no. 7426-10000 Cert No. 20 into 2 share cert.. 975 shares and 1600 shares.. Should the new share cert contain new distinctive nos and cert no or just break up of the old??

sir,

can a private limited company yet to commence business take deposits from outsiders.

please reply

vijay

In view of the Notification general circular 15/2013 dated 13/9/13 the definition of Private Company may be inserted in the AOA as provided in section 2(68) of Company Act, 2013.


Kindly explain and tell me how to insert in AOA.

Sir/Madam,
What is the difference between Company Act,1956 and Company Act,2013.
Please send notes or provide link on above subject.

Date of Incorporation of Company- 16.03.2012
Authorised, issued n subscribed capital as on 31.03.2013 is 500000.00
BM issue of shares to subscribers 15.04.2012
Money received from subscribers is as follows
Particulars Receiving date
Subscriber 1 28.05.2012
Subscriber 2 08.06.2012

Bank Account opening date is 05.05.2012

my querry is whether subscribers to MOA can be allotted shares on 15.04.2012 ie before receiving the share money from them.. is it possible? or it has to be done only after receipt of share amount? wud this lead to contravention of section 3(1)(iii) of Companies act, 1956
and what are the implications for issuance of share certificate?

Ajay sir,

In your article you said" It means your auditor appointed at first AGM will act as auditor for 5 yrs. The next auditor appointment option will be available to the company in the 6 th AGM."

Sir, can in sixth AGM company can re
appoint the previous auditor or it has to appoin new auditors in every five years.

I am asking only about private limited

Date of Incorporation of Company- 16.03.2012
Authorised, issued n subscribed capital as on 31.03.2013 is 500000.00
BM issue of shares to subscribers 15.04.2012
Money received from subscribers is as follows
Particulars Receiving date
Subscriber 1 28.05.2012
Subscriber 2 08.06.2012

Bank Account opening date is 05.05.2012

my querry is whether subscribers to MOA can be allotted shares on 15.04.2012 ie before receiving the share money from them.. is it possible? or it has to be done only after receipt of share amount? wud this lead to contravention of section 3(1)(iii) of Companies act, 1956
and what are the implications for issuance of share certificate?

Is sec 314 applicable for remuneration paid to directors in normal course of business?