Dear members

There is a company in our group which is a listed NBFC Company, the main business of which is finance and apart from that it is carrying on the business of electricity generation.

As per Cost Accounting Records (Electricity Industry) Rules, 2011, every company which is engaged in the production, processing or manufacturing of electricity activity is covered under the said rule.

1) Now my question is whether the said rule is applicable for our company because the core business of the company is finance.

2) And the 2nd question is that there is a proviso clause in the said rule that these rules shall not apply to a body corporate governed by any special Act.
So can NBFC be considered under Special Act ?

Kindly help me in removing my doubts.

Hello Everyone,

Please any suggest me detailed procedure for CHANGE IN ADDRESS OF PRIVATE LIMITED COMPANY WITHIN LOCAL LIMITS. Also plz suggest me any fees to be paid or not? Also how to upload any form if required?

PLZ PLZ reply URGENTLY

can a public unlisted co. issue bond with option to convert it into equity share.

If yes what are the condition, and under which section of company law.

what is the meaning of Bond in company law

in case of Re-appointmnent of MD ,he/she is regarded as interested in that perticuler agreement, so my query is that whether the contract of re-appointment of MD should be entered in the register of contract in which directors are interested u/s 301 ?

Please reply as soon as possible , it is little urgent.

Thank you

Read more at: https://www.caclubindia.com/forum/re-appointment-of-md-amp-sec-301-255097.asp

our is a private Limited, Company has been appointed a person as additional Director but that person should be appointed as Nominee Director?

kindly advice how we rectify the same?

The Whole time Director of a Listed public ltd Company needs to be appointed. He will draw a remuneration of Rs.45000/- per month. My query is whether his aapointment be made by passing an Ordinary Resolution or a Special resolution. His present term of appointment is due to expire on 31st July,2013, thus, he needs to be appointed at a Board Meeting prior to the date of expiry of his appointment, subject to the approval of the shareholders at the ensuing AGM. As far as my knowledge, the terms of his appointment are within the provisions of Section 198, 269,310 and Schedule XIII. Thus, he should be appointed by passing an ordinary resolution. But I am not sure whether this is correct or not. I am a bit confused with the provisions of Schedule XIII and thus seek the expert guidance of the eminent experts.

Please guide me whether his appointment be made by passing an ordinary resoltuion or a special resolution. And is the approval of the Remuneration Committee required or Not.

Thanks & regards.

Is it mandatory to place Register of contract in which directors are interested u/s 301 at Annual General Meeting ? thank you

Read more at: https://www.caclubindia.com/forum/section-301-255093.asp

In case of amalagamation, whether transferee company needs to submit FCGPR for shares issued to transferor, as shreholding pattern of both company includes NRI only. Plz guide.

IF IN A PRIVATE COMPANY, FORM 2 HAS BEEN FILED WITHOUT ACTUAL RECEIVING THE MONEY. WHAT IS THE REMEDY AND PENAL PROVISION..

Dear All,

My query is as follows:

A limited company was incorporated in the year 2010, but till now the company has not been able to start its opeartions.

Now the board wants to alter the main object clause by the complete deletion of the previous clause as the company does not intend to carry any activity related to the those clauses at the time of incorporation.

In sink with the new object clause the company wants to change its name as well.

Is it possible to do so?

If yes, then only approval of shareholders will be enough or any other formalities is needed to be complied with.

Kindly give your views regarding the above.

Thanks & Regards,

Kalpana