As per Rule 4 of The Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014, a company cannot pay sitting fees more than 1 lakh, which is corresponding provision to Section 197(5). Further, as per section 196(4), a private limited company is exempted from adhering to the provisions of Section 197 & Schedule V for providing remuneration to its directors, then how is suddenly Section 197(5) gets applicable to private limited company? Also, the starting statement of Section 197 is "The total managerial remuneration payable by a public company" and then all other subsections are in connection with the initial sub-section, then how Sub-section 5, out of nowhere, gets applicable to private company?

This was my understanding over sitting fees payable to a private limited company. I need to understand other expert's view in this regard, with interpretation method and supportings.

Is their any prescribed form for application by registered trademark owner ? If not what is RD-1 Form is for ? Also what is government fees for such representation. Can it be done online.

What is the process of conversion of partnership firm into PVt. Ltd. Co. Please explain the same step wise and form required to be filled in ROC.

Ranjith is wealthy man enjoying large dividend and interest income. He has formed three private companies and agreed with each of them to hold block of investment as an agent for it. Income received was credited in the accounts of the company but the company handed back the amount to him as a pretended loan. this way, he divided his income in three parts in a bid to reduce his liability.
Wanted to know the facts, issues, relevant provisions, analysis and conclusion on the legality of the purpose for which the three companies were formed

I WANT TO KNOW THAT CAN I INCORPORATE 2 LLP WITH SAME REGISTERED OFFICE IN WHICH ONE LLP WHO OWNS THE PROPERTY GIVES NOC TO OTHER LLP TO USE ITS PREMISES FOR REGISTRATION PURPOSE.

It is mandatory for company to appoint auditor within 30 days of incorporation.

But There is a general thought that Form ADT 1 is not required to be filed for the appointment of the first auditor. This is because rule 4 (2) of company rules, 2014 mentions only about Sec 139 (1 )- appointment of auditors and not about Sec 139 (6) – appointment of the first auditor.

Now whether it is possible for company to file ADT-1 (For appointment of first auditor) after 30 days without any late fees and penalty?

We had received following resubmission in Spice form:

As per rule 13(5) of the Companies (Incorporation) Rules, 2014, Business visa of foreign susbcriber or foreign authorised representative should be attached or Overseas Citizen of India (OCI) or Person of Indian Origin(PIO) certificate should be attached with stamps of arrival in India.  

We are incorporating subsidiary.
Holding company is incorporated in india.
There is one foreign national national of China who is authorised representative of holding company who is subscriber. Foreign national is resident in India India. Foreign national is also director in holding company.
we had attached foreign national PAN, bank statement depicting indian address and his stay visa visa in Spice form.

Please tell what should be attached to remove the error in spice...?

Whether MCA Blacklist (companies) will affect their directors in future?

Can anybody provide me Explanatory statement for Appointment of director in AGM ?

Appointment of director is SEPCIAL BUSINESS...so explantory sttement is needed ? can two directors be appointed through one Resolution in AGM ?