Dear Experts,

As per Companies Act, public limited company should have seven shareholders. The Company is unlisted company. It has sold all its shares to the new shareholders.

Now how to show the transfers? Can in annual return all shares can be shown as transfered to new seven shareholders.

What should be the procedure where all seven promoters are selling their shares to new seven shareholders.

Is there any need of shareholder agreement.

Please reply to my query.

Sir,

Right now I am running a partnership firm. We have good future plans for our business like start manufacturing and will also involve in online retail business. So my question here is that I want to convert my firm into Ltd. Company rather for Pvt. Ltd. company. Than want would be the implication for such initative ? My motive behind to convert is that I will get good funding opportunities in future course of my business. Right now I am start-up firm in book trading. In my situation what would be the best practice, a pvt comapny or Ltd. Company? I do not want to go with LLP.

Dear All,

Kindly resolve my query as the company is incorporated on 02.03.2007 and we had filled its 23 AC and 23 ACA but wrongly we entered 30.09.2008 as due date in it and agm date as 02.03.2009. now we have to file 20B for 2008, so kindly tell me that how could i file 20 b and we had filled returns for the f.y. ended 2009, 2010 and 2011.

kindly resolve my query at the earliest its urgent

If there are 2 directors in company Having share holding of 95% and 5% respectively. If the director having share of 5% hurts the company or committed fraud in company and if the case is pending in the court for such matter than what is the procedure to remove that director from the company?

Managing Director resigned with immediate effect. For appointing new director we need to hold Shareholder's meeting. But one of our our two shareholders (Overseas) is in liquidation and there is no one to authorize representation.

Is there any other way out. Please Guide

i am now doing an audit of a listed company and they have passed a Special resolution in GM for making loans,guarantee, security to another company exceeding the limits specified in S.372A. My query is are they supposed to pass SR via postal ballot & is the SR to incorporated in the comapny's AOA which does not specify anything about investment,Loans,guarantees etc in other company.

I needed revised Schedule VI of companies act in Excel Format with proper links. Linls in excel i may also manage if i received in excel format.

Thanks

Company has appointed a Whole Time Director in 2009 for two years which attracts Central Government approval in case of inadequacy of profits but Company did not applied for the approval.

Now the term of appointment is going to finish. What would be the beneficial for the Company to start the process of obtaining approval or to apply to CG to waive off the approval?

CAN ANY ONE HELP ..CAN a PVT lTD COM. TAKE LOAN FRON OTHER PVT LTD COM.

Whether Sec. 314(1) of Co. Act is applicable in case a person is appointed as a manager ? It clearly says that it's not applicable but most of the answers r not considering this exemption. Even ICAI's suggested of CA Final Nov 2010 Exam says that appointment of manager is regarded as a appontment to place of profit in Co.