Annie Jodhani
29 August 2013 at 13:00

Allotment

Dear All,

I have one assignment if anybody can guide me on that.My query goes like this :-

1. There is one Swamiji and he wants to set up a TV channel for which nearly an amount of 20 Crores will be required .

2. His devotees are willing to contribute the amount . They may contribute ranging from 15000 to 1 lakh .

3. We will be keeping the authorized capital as 20 cr., out of which Swamiji can contribute Rs. 50 Lakh . Now we remaining with 19.5 Crores which we need to allot to his devotees . But in what manner ?

Can we allot all the remaining shares as preferential shares ? Or is there any restriction to it . Our first priority is issuing Equity or preference shares , last comes the Debentures .

The point of discussing all this is that Swamiji wants to have major control over the compant i.e, he wants to have majority of the voting rights . He is afraid of the fact that in the future the minority shareholders should not come together and take advantage of the voting rights .

Now upto what extent can we bring him out of his fear by using Company Law .

I hope i was able to explain the story . Can any body guide me on this ?

Thanks in advance.


sharon s
29 August 2013 at 12:55

Personal electricty bill expenses

Can we add personal house electricity bill in accounts of company .pls explain all detials regarding thanks


punam
29 August 2013 at 12:54

Regarding ca final attempt

Respected Sir/Madam,
I have Cleared my IPCC both group in Nov 2011. I started my articleship on 08/03/2012 but then I terminated my articleship on 28/12/2012 and in the form of termination of articleship , extention of 114 days was given by principal. I re-register with other CA on 20/03/2013. Am I still eligible for Nov 2014 attempt. Please help.



Anonymous
29 August 2013 at 12:52

Law

Hi,

Our company "X cements ltd" is utilising the transport services of "Y carriers pvt Ltd". The directors of "Y carriers pvt ltd" are relatives to the director of "x cements ltd".

Do the provisons of Sec.297 applicable to the above case and what are the consequences of non compliance


amit agarwal

(1)Step wise Process of Submitting the form?
(2)Late fee for delay in filing of form -8 beyond 30 days of charge creation?
(3)I have already a registered user of MCA, so whether i can upload this form from my account or i need the ID of company whose form is to file?
(4)Where can i find original charge creation ID to fill in modification form?


Ankan
29 August 2013 at 12:48

Examination form query

sir,
i want to know that can i send two or more examination form for ipce in one envelope



Anonymous

Dear All,

Can a director be appointed in a private Company by board resolution without appointing him as an additional director first?

There are two directors in a pvt company and both want to resign. So if we appoint two new directors both will be additional directors upto AGM date, hence we want to appoint the new directors without appointing them as additional director first.

Hence do we need to call EGM for appointment of two new directors as Promoter Director or can it be done in Board Meeting itself.

Please help


kritika dua
29 August 2013 at 12:44

Income tax

Any knows?
A person has stayed in india for more than 180 days in relevant previous year!
He went to america and earned income u/h salary!

Is he liable to pay tax in India as well as abroad ???
Is there any relief?


Tahir
29 August 2013 at 12:42

Urgent query

Hello,
I have completed my articleship of 10 months and i am eligible for ipcc nov 13 (under direct entry scheme) But i terminated my articles on aug 31st and preparing for nov attempt, now in exam form it is asked for principal's signature, now is it necessary in my case? or any other procedure?
and if yes, will my principal agree to sign it?

I have already paid the examination fee for nov 13.

Thank you...


chander kant
29 August 2013 at 12:31

Cs executive

i has been registered for CS executive course recently

i am filling the online detail as well as other detail
i clicked an option in exemption field and disabled all that field now i am in trouble that i cant fill up my exemption detail respectively. but file uploading is stil enabled

please suggest me

earlier response is appreciable

because registration time is moving






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