Dear Learned Members,

Request you to provide your valuable feedback to the following:

The Registered Office of XYZ Private Limited is situated in Kolkata. Pursuant to Section 209(1) of the Companies Act, 1956, it wants to keep its books of accounts with respect to:
1. all sums of money received and expended by the company and the matters in respect of which the receipt and expenditure take place,
2. all sales and purchases of goods by the company, and
3. the assets and liabilities of the company,
outside its Registered Office, in the Head Office which is within the jurisdiction of the Registered Office. Further, pursuant to Section 163 of the Companies Act, 1956, the said Company also wants to keep the index of members, the register and index of debenture holders and copies of all annual returns in that same head office.
What is the procedure to be followed in this respect? Will the procedure be same if the Company is a Public Company?

Whether Articles of Association is required to be altered or not? In AOA of company contains following Clause SHARE CAPITAL 4. DIVISION OF CAPITAL "The Authorised Share Capital of the Company shall be as per paragraph V of the MOA of the company with power to increase or reduce its Share Capital and to divide the shares in the capital for the time being into several classed and to attach thereto respectively such preferential, deferred or such other rights, privileges or conditions as may be determined in accordance with the regulation of the Company and to vary, modify, abrogate, any such rights, privileges or conditions in such manner as may be provided by regulations of the Company and consolidate or sub divide the shares and issue shares of higher or lower denomination by way of ordinary resolution

Dear Sir,

A client who has 7 years of experience as an ASSISTANT DIRECTOR in FILM INDUSTRY has approached us.He wants to incorporate a PRIVATE LIMITED COMPANY.He told that doesn't have any financial support from his family.

He is ready with story,script,technical team & everything else except for money.

Proposed budget for film is 1crore.He is planning to collect this from 100 people who invest 1lakh each.

Query:We are not sure about the background of the client.So what if the client collects 1crore & runaway?
Since the CA signs MOA, AOA,what is the risk of CA?

Whether Articles of Association is required to be altered or not?

In AOA of company contains following Clause
SHARE CAPITAL
4. DIVISION OF CAPITAL

"The Authorised Share Capital of the Company shall be as per paragraph V of the MOA of the company with power to increase or reduce its Share Capital and to divide the shares in the capital for the time being into several classed and to attach thereto respectively such preferential, deferred or such other rights, privileges or conditions as may be determined in accordance with the regulation of the Company and to vary, modify, abrogate, any such rights, privileges or conditions in such manner as may be provided by regulations of the Company and consolidate or sub divide the shares and issue shares of higher or lower denomination by way of ordinary resolution

Hi,

A private Limited company has only two directors, now the Company wants to remove a Director and it will appoint some other person not now but later period,

Kindly tell me the procedure for
1.the Removal of the Director

2. Provisions with regard to transfer of shares

3. Can a company be continued with only one Director if so for how much time

Thanks in Advance

Why are CSR provisions included in new Companies Act 2013? (reasons for inclusions of CSR provisions in new Companies Act)?

Dear Sir,

I have a query on deposit,hope to get cooperation about it.

A pvt co is not allowed to take loan from individual. A pvt co can only take loan from Directors, and relatives of Directors & shareholders.

If a pvt co.takes loan from individual it is violation of section 58A. So what are the penal provisions applicable for this? As the section says:
Section 58A talks about penalty which are applicable if the deposits amount exceeds beyond the limit & if it is not repaid within the time prescribed.

Thanks in advance

Facts:
There is one existing private limited company in which entire holding is between two members of family.

There is one individual who wants to take this Company and now this individual family members will be director and shareholders of the company.

Query:
What is the procedure as per ROC by which that individual can take up the shares and directorship in that private limited company.

If we want to cancel the appointment of auditor & form 23B filed with ROC what is the procedure for the same.

A Private limited company has not filled their Annual Return since last three years. So, what are the consequences now??