Whether a company can pay remuneration to a non exe director for his technical expertise under consultancy contract, apart from sitting fees for attending board meetings.
Answer nowA private limited company was formend on 4.04.11 with initial allotemnt of shares of Rs.One Lacs. Now the company has decide to takeover the proprietorship business of the promoter director:
1. How this will be done , What precautions should be kept
2. Which FORM should be used for Share allotment Form 2 or Form 3
hello sir,
can you please tell me the detailed procedure of winding up of a provate company?
Dear All,
We are a unlisted public limited company. We proposed to allot shares on preferential basis to our directors.
We have taken the approval of members under 81(1A) and complied with the prescribed rules.
Now how the resolution for allotment should be passed in the Board Meeting. As we are allotting shares to 3 Directors out of 4?
As all three directors are interested in the resolution
Please guide us on the same.
Thanking You,
Pankaj
I have been appointed as a Executive Assistant.
I want to know its real meaning and level of reputation in corporate world.
I want draft application for Form 61 to Normalise the company status from Dormant Position.
Please give me draft on my e-mail Id
"brijeshsoneji@gmail.com"
Our Company is a unlisted public ltd company. There is a change in the designation of one of our directors from whole time director to non executive director. However the Company proposes to pay commission to the said director. Whether the Company can pay the commision on quarterly or monthly basis though it is calculated on the net profit of the Company. Can he be called independent director? However Company is paying remuneration to WTD on effective capital basis.
Answer nowI am one of the Directors of a Pvt Ltd Co. incorporated in the FY 2010-11. We have not yet received any Certificate of Incorporation from ROC. But we are able to see the status in MCA site as Active against our Company's name. To whom shall we contact for enquiring about the receipt of Certificate of Incorporation? Is there any call centres or help desk in this regard set up by ROC?
Answer nowDuring the incorporation of the company, the key person was appointed through Form 32 as Whole Time Director. Now the person wants his designation to be MD & CEO of the company.
Should the company file Form 32 for change of designation and should they go through all the processess applicable for a Managing Director.
Please advice
Hi,
Just wanted to know whether non fund based limits given to a company be considered for computation of total borrowings u/s 293 (1) (d) of Companies Act, 1956.
What if the Board resolution specifically states that the company can borrow non fund based limits of XX amount
Can I find the solution to above in A. Ramaiya's Guide to Companies Act, 1956??
Kindly quote the reference
Thanks,
Ashok Mehta
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Remuneration to Non Exe Director