I want to know the procedure to close a private limited company. The company has three directors and one of them is a foreigner. The company does not own any assets except some amount of cash in the company's current account with a bank. There is no liability of the company as well.I am told that there has recently been some changes in the law which has not yet been notified. Kindly let me know the procedure under the new law.

Currently, clause 49 of the listing agreement requires that a board of a listed company will have an optimum combination of executive and non-executive directors with not less than 50% of the board comprising non-executive directors. It also provides that where the Chairman of the board is a non-executive director, at least one-third of the board should comprise independent directors. In case the Chairman is an executive director, at least half of the board should comprise independent directors.

The Companies Bill states that every listed company will have atleast one-third of total number of directors as independent directors, with any fraction to be rounded off as one. Unlike the listing agreement, the Companies bill does not contain any specific requirement of 50%independent directors if the Chairman of the board is an executive director.

Query: within what time can should a public limited listed company appoint another Independent Director, if at present it has 4 directors, Chairman as Executive & Promoter and one of its Independent Director resign from the Board reducing the Composition of the Board from 4 to 3.

As per the Companies Act, 2013 an existing company has a transition period of one year to comply but as there is no non-compliance of the Companies Act, 2013.

Also confirm as to what is the transition period to comply with the non-compliance of Listing Agreement.

I want re-appointment letter of Auditors appointment of a private company. If any one have please provide.

i am ca ipcc student.i want to ask that companies bill 2013 will be applicable in our may 2014 or not??

Can a PCS firm which has borrowed sums from a Company be appointed for issue of Compliance Certificate to the same company?

Kindly Reply as early as possible.

Thanks & Regards

Jyoti

Please guide, whether is it mandatory to have an item on agenda about reading minutes of the past meeting. If about reading minutes of the past meeting not put agenda then what are the consequences. An unqualified board member is aggressively insisting upon having this item on agenda without which the Agenda is incomplete!!!!

Due date of filling form 23ac and aca and late fees for that

Dear all,

I have a query like this :-

Before the coming of online filing into the picture a person was appointed as the director of the company by taking a provisional DIN .Just after the MCA 21 when we filed DIN 3 , it wasnt approved.

Now we have an appointment record but the DIN is not approved. Also MCA doesnt show the directors name on the signatory details .

Now do we need to file Form 32 for the resgnation for the compliance sake ??

Note : DIN isnt approved .

Thanks

Dear all,

Please let me know whether after getting approval from RD for entering into contracts u/s 297, any form needs to be filed with the ROC or not??

according to section 285 of companies act 1956 every company shall hold a minimum 4 meeting of board of director every year with a maximum gap of 120 days between two meeting, if a company incorporate in 15th march then how can possible to hold 4 meeting in year ended......
is any exemption is provided in companies act 1956?