Jayashree S Iyer's Expert Profile

Queries Replied : 683

Hi!

I am Jayashree S Iyer, Company Secretary working with an NBFC at Chennai.

I have an experience of over 7 years in Company Law matters.

I am here to share and gain knowledge. Looking forward to make useful contributions.

Regards.

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praveena says : MINIMUM SUBSCRIPTION
hi please tell me whether it is a part of application money? or it is part of share price like calls money . please explain me with an example pleaseeeeeeeee

V Rajamani says : private limited company
Thanks Jayashree for reverting on casual vacancy. Can you revert on sequence of formalities 1. holding a meeting for filling casual vacancy 2. Appointment of another director. etc., In case the new director after being appointed, can she remove the existing director without existing director's knowledge or consent and replace with some other director. (mostly his wife would be inducted and not in good terms with his mother). Revert on the same query

S.M.Gulati says : remuneration to directors
can u tel whether that person can be appointed as managing director in one company and wholetime director in other

Kiran says : How to close an private limited company
Please let me know the procedure to close the private limited company with share capital of Rs.1 lac and accumulated loss of Rs.1 lac. The company is an defund company, Incorporation date is dec 2009. reply at your earliest. Thanks in advance.

kasturi says :
thank u jayashree I know that non payment of stamp duty and allotment of shares is invalid.My worry is ours is public company not making any profit and also not yet started business and in this circumstances we ae unable to pay heavy stamp duty. What way we can plan for this?whenever dispute arises then only the question of stamp duty and admitting the share certificates as evidence everything comes.In my case all the shareholders are family members and we need to pay heavy stamp duty.Kindly suggest proper planning.