Hi Everyone..

Can anyone please clarify whether the Chairman of the Company can be an independent Director of the same?

dear sir,

pls inform is prior approval of audit committee is require for appointment of internal auditor in listed company?

Ours is a private limited company incorporated under Companies Act in March 2013 having its registered office at Hyderabad.
The Company is headed by the Chairman and a Managing Director.
We are having branch at Visakhapatnam also apart from Hyderabad.
We are engaged in the business of Real Estate and Construction.
Now the company has decided to appoint a person at our Visakhapatnam Branch as "Executive Director" to look after the affairs of Visakhapatnam Branch. The age of that person is 58 years & above and he has recently super annuated from his services from a private limited company on attaining the age of 58 years and he has worked for more than 20 years in that company.
Considering his vast experience and expertise we offered him to join our company as "Executive Director" at Visakhapatnam Branch with remuneration of Rs. 50000/- per month.For that he has agreed and accepted our offer.
The condition is that he wont be part of the Board of Directors and he will not participate in the AGM or EGM whatever it is.
He will be just like an ordinary employee in the company and will be designated as "Executive Director" just for designation sake.He has got nothing to do with the Board.
Now the question is can he be appointed as "Executive Director" ?
If yes how ? what are the formalities that have to be followed to appoint him and issue an appointment letter ? Also kindly provide a copy of such appointment order for my reference.

And if not why? What are the remedies if he cannot be appointed as "Executive Director"?

At any cost we have to appoint him as "Executive Director" since we have given commitment orally.

Further we request to provide copy of offer letter and appointment letter for appointing "Executive Director" for a pvt. ltd. company.
Kindly guide us in this regard.

can an individual give loan to a pvt company? is there any restrictions

give me the provisions of holding AGM as per SEBI,ROC,& companies act with example

WHETHER AMENDED COMPANIES ACT AND CHANGES IN ISCA SUBJECT ARE APPLICABLE TO NOV. 2014 ATTEMPT OF CA FINAL.

Is Salary Rs.25000/- P.M. allowable for bonus?

If yes, how to calculate.
If no, then conditions?

In a private limited company, they transfer 50000 nos of equity share @ Rs. 10/- each Total consideration Rs. 500,000/-. Share transfer from a relative of director to another director. How much stamp duty they have to pay?

- In my case appointment of a Whole Time Director as MD is taking place.
- The Company is a PVT Company.
- The biggest confusion is that since its a closely held company all the directors are relative and promoter Director. Now, what would be the status of interest disclosure..

Please reply its urgent

Sir, i am try to pay through DD or Cheque in the mca due to heavy payment bt the people in MCA Helpline says that DD or Cheque is not being accepted