My Company is registered in Delhi and both directors not from Delhi but one from Punjab and another from Uttar Pradesh. Procedure of striking off is under taking by Mumbai Practicing Company Secretary in that case can we use Maharastra stamp papers for Affidavit and Indemnity Bond.

My Company is registered in Delhi and both directors not from Delhi but one from Punjab and another from Uttar Pradesh. Procedure of striking off is under taking by Mumbai Practicing Company Secretary in that case can we use Maharastra stamp papers for Affidavit and Indemnity Bond.

A Pvt Ltd. can borrow form NRI (Share holder cum director) in INR with rate of interest. Is there any compliance need to follow? Experts Pl advice.

It says
" the remuneration payable to any One MD or WTD or manager
shall not exceed 5 percent of the net profits of the company
and
if there is more than ONE SUCH DIRECTOR remuneration shall not exceed ten percent of the net profits to all such directors and manager taken together "

My INTERPRETATION IS ----

when in the latter part of Sec it says " if there is more than one such director " -- it is referring only to MD or WTD And Not Manager .

But in all the books it says " if there is more than one MD or WTD or Manager " -- which in my opinion is NOT Correct .

And my interpretation is also supported by last few words of the Sec " ....to all Such DirectorS and Manager Taken Together "

Here SUCH DIRECTORS means MD or WTD and NOT MANAGER ,

Moreover the word Director is used in Plural tense and not Manager .

Again i am doing hair spliting But i want correct interpretation

Thanks

Can Someone Provide me Object Clause Format for Cab Service.

......but as between persons who became directors on the same day ,
those who are to retire shall ,
in default of and subject to any agreement among themselves ,
be determined by lot.

My question is that " be determined by lot " applies to

" in default Of "

or " subject to any agreement among themselves "

or both .

My interpretation is this that " be determined by lot " applies to both i.e.

-- in default of any agreement among themselves ,be determined by lot

--- subject to any agreement among themselves , be determined by lot

Because the word used in between " in default of " " subject to " is AND .

Most of the authors / teachers say that

-- "those who are to retire shall , in default of any agreement among themselves. be determined by lots "

---"those who are to retire shall , be determined as per the agreement among themselves '

which in my opinion is not correct


Please interpret the section and express your views on this interpretation

Thanks

......but as between persons who became directors on the same day ,
those who are to retire shall ,
in default of and subject to any agreement among themselves ,
be determined by lot.

My question is that " be determined by lot " applies to

" in default Of "

or " subject to any agreement among themselves "

or both .

My interpretation is this that " be determined by lot " applies to both i.e.

-- in default of any agreement among themselves ,be determined by lot

--- subject to any agreement among themselves , be determined by lot

Because the word used in between " in default of " " subject to " is AND .

Most of the authors / teachers say that

-- "those who are to retire shall , in default of any agreement among themselves. be determined by lots "

---"those who are to retire shall , be determined as per the agreement among themselves '

which in my opinion is not correct


Please interpret the section and express your views on this interpretation

Thanks

1. In our company we are planning to employ Consultants and Self Employed Professionals. I want to know what kind of acts are applicable on this. I want to know about Agreeement, Billing, TDS, ITR for Professionals. Maximum Billing should be <6 LPA.

I am curious to understand what happens if only one partner remains in LLP. Rest all partners are retired for summer or the other reasons

A COMPANY FORMED 8 YEARS AGO HAS BEEN INOPERATIVE SINCE APRIL 2019. IT HAS UNSECURED LOAN AND ASSETS. CAN THE COMPANY BE STRIKE OFF . IF YES, WHAT PROCEDURE AND ATTACHMENTS WILL BE REQUIRED. PLZ CAN ANY ONYONE HELP ... REPLY AT THE EARLIEST