Dear Experts,

During the period of lock in shares of promoters and promoters group be transferred or Not?

Plz clarify and guide me.

Regards
Nidhi Agarwal
Company Secretary

We are Pvt. Ltd. , EOU and 100% subsidiary of Japanese company. Our Authorised share capital is divided into Equity Shares and Preference Shares .

90% of Preference shares were redeemed over the period. We want to infuse more equity funds in the company.

Can we reclasify the Preference share( already redeemed) in the Equity shares?

Does such reclasification attracts payment of stamp duty ?

Intial capital was partially issued under approval route & partially under automatic route , do we need to take RBI permission for above said reclasification?

What is the procedure under Fema & Companies act for such reclasification?

Is it essential to get shares valued before issuence?

Dear Members,

A Company received Foreign inward remittance of Rs. 25 lacs in August and Rs. 1 Lacs in September. Can the September amount be taken as subscription amount and August one as further allotment one.

Thanks

in case a company is sub dividing its authoirised capital and simultaneously increasing the same, do we need to file two form 5.

first for sub division and then for increase?

kindly guide sir

plz anyone let me know if in case of pvt. co.'s auditor after audited of annual accounts of co. vacate his designation on the date of agm without prior notice to the co. and co. appoint another auditor on the date of agm whose auditor's pan and membership no. will be apply on filing of annual account.

Dear Sir,
AGM of our company was held on 29th Sept,12. I want to know what is the last date to file various form (23ACA, 23AC etc) with ROC. i.e. 28th Oct,12 (with in 30 days of AGM) or 22nd Nov,12 (as per mca website)..??

Please reply at the earliest...

Thanks

Dear Sir,
One of my client wants extension for AGM as the AGM was not held on 30 sept due to major accident of an Shareholder having more than 50% shares in company.
I want to know that with form 61 we also have to file his hospitalization papers or can ROC have right to check the hospitalization papers of shareholder..???

Dear all,

kindly ans. this........

our co. is a PVT. LTD. co. which has not filed its balance sheets & annual return form the Financial Year 2002 to 2007. After 2007 its has filed its Annual return & balance sheets for the F.Y. 2007-08 to 2009-10. Now the status of co. is Showing as a Dormant Co.

My query is that to mane is as a activity co. whether i need file all Balance sheets & Annual return for F.y. 2002-2007 or i only required to file Balance sheets & Annual return for F.y. 200506 & 2006-2007?

Please reply soon.

Dear CCI Members,

I have a doubt. A private limited company in its Articles has a clause that minimum no. of directors is 3. One of the director got retired. The company continued its activities for some time. Now , there is default in AOA compliance. I need to know if there is any penalty for non compliance of clause of AOA and what steps the company should take in order to comply with all the relevant sections? The company seeks to keep only 2 directors now. Is amendment of Articles possible now after default has been done. Please give procedure for amendment of AOA as well. Thanks a lot in advance

Dear All,

One of our director's relative occupies position of manger in the company and drawn salary at Rs. 40,000 p.m. from our company and the company has increased his salary to Rs. 80,000 p.m. from August 2011 till March 2012 and taken note of the same in the balance sheet.

The company has not obtained prior approval of Shareholder for paying salary to Director's relative.

Now my question is can a company obtain post approval u/s 314 of the Shareholder in the AGM held on or after 30.09.2012.