we have appointed three director in pvt ltd.and decided remuneration 9.00 lacs per annuam

first we want to know it is any problem to give that much remuneration

second if no, it is passed THROUGH SPECIAL RESOULATION OR BOARD RESOULATION


SAMPLE OF RESOULATION

URGENT

Latest limit of average turnover as per 43(A) and meaning of average turnover under same section..everyone using 10 crore but according to me it has been incresed please reply and also send link where it is written..urgent rply..

Dear Experts,

Few days back we registered a Pvt. Co. with RoC, while submitting 1,18,32imade a mistake. i attached AoA to the form 1 with wrong heading stating it as MoA, as under:

COMPANIES ACT, 1956 (I OF 1956)
COMPANY LIMITED BY SHARES
MEMORANDUM OF ASSOCIATION
OF
X Y Z Private Limited

instead of

COMPANIES ACT, 1956 (I OF 1956)
COMPANY LIMITED BY SHARES
ARTICLES OF ASSOCIATION
OF
X Y Z Private Limited


but the RoC approved all forms and the Company got Cert. of Incorporation.
while printing MoA-AoA copies i came to know that i have made a mistake.
now pls. tell me what is the right way to correct the mistake?

can i do it just like that with sign of director / resolution in Board meeting or file form 23??

please help me.

thanks in advance

Is there a way, wherein we Transfer some shares to another person with a right to receive back those shares after 2 years?

If yes,
what is the legal terminology for this type of transfer and What is the procedure to be followed?

In case of new company, if the form is being certified by a practicing professional, only one name is to be entered. which application form is requried to be filled

Please tell me that CA who digitally sign form 1 of incorporation is able to appoint as statutory auditors?

Details: XYZ Private Limited held its AGM for FY 2010-11 on 28.09.2011. In the AGM the Accounts could not be adopted because the Audited Accounts were not ready. In the said AGM the Company appointed Mr.P as Statutory Auditor in place of retiring Auditor Mr.Q. The AGM was then adjourned to 28.11.2011 for adopting the Audited accounts for the year 2010-11. No extension of time for holding AGM was sought from ROC. The AGM for the FY 2009-10 was held on 28.09.2010. The New Auditor Mr.P received communication from previous Auditor Mr.Q on 20.10.2011 and Signed the Audit report on 31.10.2011. The adjourned meeting was duly held on 28.11.2011 and adopted the audited accounts.
Query: 1. Considering that all formalities of Special Notice and representations are complied, whether the appointment of Mr.P is valid?
2. Whether Mr.P can do the Audit for the year 2010-11?
3. If appointment is valid then for which FY form 23B to be filed (for the FY 2010-11 or 2011-12), since the resolution appointing the new auditor says 'from the conclusion of this AGM to the Next AGM'.
4. Whether the Adjourned AGM is valid and within the time limit specified u/s 166(1) and u/s 210 of the Companies Act? (FY Apr to March)

Is it possible to have an LLP with each partner having a different ownership percentage? or are all partners equal owners in an LLP?
Thanks

Can We Hold Board Meeting on Sundays or Public Holiday

Dear Professionals

The AOA of my company does not contain a capital clause hence the BOD wish to insert a capital clause in the AOA. Can anyone please provide me the resolution and explanatory statement for inserting the capital clause in the articles of association.