A is a shareholder of XYZ Ltd. on papers only company nothing recd. at time of allotment, but after long time company want to retire/ change shareholder A, and a new shareholder B for same amount of shares. Now, contention of BOD of XYZ Ltd. that B paid amount amount to A for consideration and company striked out the name of A for B.
Is company safe from any compliance / BOD can do so ?

sir, what is the difference between date of board meeting and date of director report???

Difference between Authorized Capital & Subscribed Capital ?

What is the Maximum Salary for M.D of Private Limited Company with Authorized Capital 1,00,000/- ?

What is AOA ?

Types of Objects in MOA ?

How many Directors need to sign on MOA & AOA ?

Dear all,

Can anyone suggest me that "is there any limit prescribed in the companies Act over the percentage of shareholding of a director of the Com."

"If a director is holding 50% or more shares of the company then what will be the consequence?"

Sir
A person was Promoter Director of private limited company and got resigned few years back.
Now,he is reappointed as director.
My question is while filing form 32 which category should I choose - Promoter/Professional/Independent
Normally, we choose Promoter in case of New Company and the system is not accepting category as Independent(a message showing it is applicable only to listed/public company).
Please solve my problem.

Rected All,

My one of client is unlisted ltd., Vat Dept. had issued notice & assessment is done with FY 05-06 to 07-08 in which he is beneficiary of Hawala dealer and accordingly ITC is disallowed and penalty n int. is levied.

Now fact of assessee is that
1) it has genuine purch.,and paid by cheque but vendor has not paid vat amt. and not filed return,
2) It dose not have any assets including bank balance,

Now my questions are,
1)Whether Purch.fr. dealer who seems later Hawal is fraus conduct of directors??
2)Whether non-payment of vat as per asst. dues consequences??
3)If co.is liquidated what will happen to assessment dues??
4)Co.having 4 directors, Whether all liable jointly and severally??

Expecting quick reply

CA Jayesh Shah
ph. - 9821470007/9076552290