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?

Dear Sir plz guide me in filling form 5 ,its existing Authorized capital & paid up capital is Rs 200000 & it to be increased by further Rs 200000 so new will be Rs 400000. I have have filied in form 5 point nos. 9 (a)Authrized Capital Rs 400000
9 (b) Issued capital Rs 400000
9(c) Subcribed Capital Rs 400000
9(d) Paid Up Capital Rs 400000

Sir,

Would the appointment of an individual as auditor for one term of five years applicable only for listed companies.

I mean, a pvt ltd company is also liable to retire its auditor after 5 years, as per Companies Act, 2013, or not

I want to know the meaning of this line "a company which in the ordinary course of its business provides loans or gives guarantees or securities for the due repayment of any loan and in respect of such loans an interest is charged at a rate not less than the bank rate declared by the Reserve Bank of India." in Section 185 of the Companies Act, 2013.
Secondly, I want to know that a Private company is giving a corporate guarantee and collateral security to other Private company in which the Directors are common then what is the procedure to be followed in this regard, whether we have to pass special resolution or take Central Government in this regard.
Please reply early, it is urgent.

Sir,
I have filed Form No. 8 for registration of charge but there was delay in filing the same, now the ROC/MCA is asking for Form No. 21.
Kindly provide me necessary guidance for filing petition to the Regional Director & also list of documents that are required to be filed along with the petition.

Regards
S.K. Singh

Respected Sir/madam,

If casual vacancy is caused by way of Resignation of the Auditors before the expiry of their tenure..& Board of Directors appoint the Auditors in contravention of the above Section..

What are the penal clauses..????

Can bonus shares be issued against capital reserve or losses can be off at from it.