Hi,

I understand that the provisions of Section 297 of Companies Act is not applicable if the paid up capital is less than Rs.1.00 cr. at the time of entering into contract.

In the following years, the Company has increased its paid up capital beyond Rs.1.00 cr. and the above contract is still in existence without any modification to the original contract.

Subsequently after 5 years, the contracting company is to terminate the contract and at this stage the paid up capital in morethan Rs.1.00 cr.

Experts, please advise, whether the RD approval is required for terminating the contract where the paid up capital is more than Rs.1.00 cr.

Regards,

D.Mahesh

As per MCA General Circular no. 2/2011 dated February 8, 2011, Central govt Exempts Holding Companies to attach Accounts of Subsidiaries u/s 212(8) provided, holding Company complies with the conditions mentioned in the Circular. One of the Condition of the Circular is Holding Company is required to pass a Board Resolution giving consent for not attaching Balance Sheet of Subsidiaries. Is this resolution required to be passed every year or only once ??

Dear Experts

What is the procedure to transfer shares from one individual to another individual in a private company??


Thanks and Regards

GREETINGS,
ONE OF OUR CLIENTS IS A MANUFACTURING CONCERN AND THEY WANT TO COLLECT MONEY FROM THEIR DISTRIBUTORS PURPOSE BEING SECURITY DEPOSIT AND THEY ARE WILLING TO PAY INTEREST ON IT, BUT MY DOUBT IS THAT SINCE THEY ARE A PRIVATE LIMITED COMPANY THEIR IDEA IS AGAINST THE PROVISIONS OF COMPANIES ACT, PLEASE SUGGEST.

Process of Share Allotment

1) Get the Cheque from Shareholder
2) Issue share application and allotment form
3) Prepare List of Allotee
4) File Form-2
5) Make changes in Register

Is this process complete.Moreover, what will happen to the cheque and what if we dont have forms for the allotment made fews before

PLEASE GUIDER

for F.Y 2012-13

In a private limited Company.there is fixed assets as...below
depreciation was being made since 2009

Mobile of Rs.1442/-on 31.03.2013
Air Condition of Rs.7480/- on 31.03.2013

No depreciation has been made on 31.03.2013

Now I want to dispose theses assets..please tell me what effect to show in balance shee and how..regards

what is the proper designation should be given to an employee who is company secretary inter pass and working as a compliance officer in a listed company having paid up capital of 3cr.

Dear Experts,

I want to know the last date for filling of cost audit report for the FY 12-13.

Please Mention the circular or notice in which its given

Thanks,
Vijay

Dear All,
If we want to bring additional capital into a company, existing is 5 lac and we want to raise it to 10 crores, what are the ways in which we can do so ? which way will have minimal expenses either by issuing shares or loan or any other way...?

I WANT MOA OBJECTIVES AND OTHER OBJECTIVES OF COMPANY NAME IS GOVU ORGANICS MAIN OBJECTIVE IS PURCHASE AND SALE OF DAIRY (MILK) PRODUCTS.