Can Company transfer its general reserve to the specific reserve, if yes than what is the procedure to convert the same and what compliance to be made as per companies act,1956?

The section is applicable if a private limited company having a subsidiary, which is also a private limited company.

if yes, then please upload a format for the details to be submitted.

RESPECTED EXPERTS,

CAN A PRIVATE LIMITED COMPANY ISSUE DEBENTURE? IF YES THAN WHAT KIND OF DEBENTURE IT CAN ISSUE AND WHAT ARE THE CONDITION FOR THAT?

THANKS

Dear Sir,

I have a query relating to change of management and subsequent appointment and regularisation of directors. The management changed on 25/9/2012 and on same date directors were resigned and new directors were appointed as additional directors. Further on the same datei.e. 25/9/2012 EGM was held on shorter notice for regularisation of director.

My query is this a correct procedure or section 257 will be applicable and at least 7 days notice be required?

One of my client has a public limited company. The Board of Directors appoint 3 additional Directors on 28/09/2012. On the same day, they call an EOGM at shorter notice and regularise additional directors as Directors. Since, it is a public company, Section 257
is applicable which states that minimum 7 days notice to the members or advertisement in newspaper is required for appointment of a director. So, appointment of Director at shorter notice is valid or not???

The disclosure of Foreign exchange earnings and outgo (total foreign exchange used and earned), how we need to disclose the figures i.e either on accrual basis or on payment basis.

I need the format of Board of directors report for a newly established private limited company(1st yr.of operation). Moreover i need draft notice for AGM. It is little urgent. My email id is manu_jha2002@yahoo.com Thanks a lot in advance.

1. can a illiterate person be a member of company?? he can put his thumb impression for signing to become a member?? which thumb impression is to b provided- right or left??
2. in case a porson wans to b a member of company but has his hands amputated so how would he subscribe to MOA??? by wht means other than Signing?

can u pls. any one to send me for Small Shareholders definition other then of Directors for filling of Form 5INV.

Respected Experts,
Kindly clarify a case of mine-
M/s ABC is a registered partnership firm carrying on the business of Pan Masala intends to convert itself into a private Company under the provisions Part IX of the Companies Act, 1956 with altogether new business activities such as manufacturing and dealing in food products.

So, whether a firm has to first incorporate change in its business activity (Modification in deed) then go for conversion or we can directly introduce altogether new Memorandum of Association during the the time of registration of Company.

Please give your valuable suggestions in both of the cases so that i can proceed.

Thanks,
CS. Akansha