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

In case of increase the remuneration of WTD of public company Is Form 25 c required to file? when the schedule XIII Complied

As per section 224 (1B) of the Companies Act, 1956, private companies have been exempted from the provisions with respect to ceiling on number of audits. However in case of Private Limited Company having subsidiary of Listed Public Limited Company exempt from the provisions with respect to ceiling on number of audits?

Whether loan under 372A of companies act includes interest u/s 372A and if yes if accrued interest is to be included for calculating the limits under 372A?

Dear experts, please guide me about the latest procedure of availing DIN as we have to file it with our company' company secretary signaute . i am confused about notarisation . is it compulsory to get id and address proof attested by practising professionals . pls help me urgently with step wise suggetion

Hi,
What is the provision regarding professional expenses incurred in raising capital for a private company? -Whether it has to be deferred or has to be treated as a normal expense or to be capitalized ?

Thanks & Regards
Azeez