Hi All,
My query is regarding the Nominee directors appointed by the wholly owned subsidiaries of Financial Institutions, where the wholly owned subsidiaries are incorporated under the provisions of Companies Act, 1956.
Whether such directors will be governed according to the provisions of Companies Act or whether the Agreement with which they have been appointed supersede all other acts and provisions.
If the answer is in Negative, then please do tell me how can these companies override the provisions of Companies Act while functioning under it.
if company declares dividend on 7/09/2010 for the year ending 2009-10...agm date is 29/09/2010. and record date is 22/09/2010 but in between the record date and 31/03/2010,the paid up capital of the company is increased,then company pay the dividend on the paid up capital which is on the record date or on the paid up capital which is on 31/03/2010.....what we consider and whats the reason behind dat....
Answer nowwant to know the detailed procedure for the above? I read the procedure. i HAVE QUERIES
1)
after passing the SPECIAL resolution within how much time we need to file a petition to CLB.
2)THEN BY WHAT TIME TO GIVE A ADVT IN REGIONAL AND IN ENGLISH LANGUAGE.
3) WHEN TO FILE FORM 23
4)HOW MUCH TIME IT USUALLY TAKES TO GET THIS DONE, IF ALL THINGS GO RITE.
THERE IS NO ONE TO GUIDE ME. PLS ELABORATE THESE POINTS IN DETAIL. i NEED EXPERT ADVICE.
In case of a Private Company which is a subsidiary of a Public Company, a person was appointed in the General Meeting of the Company as a Director of the Company libale to retire by rotation. Now, the Company has ceased to be a subisidiary of a Public Company and has regained the status of an Independent Private Company. So, whether the Director appointed to retire by rotation is liable to retire by rotation at the AGM of the Company?
In case of an appointment of a Director at the GM of the Company, is it neccesary to mention in the resolution that he is appointed as Director of the Company liable to reire by rotation???? If this is not mentioned, is there any violation of any section of the Companies Act, 1956?????
God Bless
Udit Sharma
Our company is a public company (State Government Undertaking). There are total 11 directors on our board out of which 10 are Nominee Directors. To the best of my knowledge provisions of retire by rotation is not applicable on Nominee Directors.
My question is that, how many directors are liable to retire by rotation at each AGM.
Can a private company which has a paid up capital of Rs. 1 crore. and the directors are also directos in other company. and there had been some transactions betwenn both private companies. the other party i.e., othe dealing party is a private company which has a paid up capital of less than 1 crore. and the company has not taken cg approval. kindly tel me the wayout.?????????
Answer nowHi all,
I just want to ask, can promoter or director of the pvt ltd company is appont in back date if 1 director had alredy resign and 2 nd director accept his resgination.Coz i know rule of pvt ltd comapny have 2 director but in case now only have one director,Please give me solution
If A Ltd becomes the Holding Company of B ltd then what are the compliance required to be met by Altd(holding co) as per Companies act and ROC?????
Answer nowhello sir
my query regarding borrowing by Private Company has been resolved and said yes.
now i wanted to know that whether any restrictions apply for borrowing in company name because one of my senior CA
has said not to borrow directly by company , instead he has insisted to accept loans by Managing Director and then give it to company from his account.
Please explain it to me. substantiate it under tne provisions of the act sir.
thank you and its urgent please
Dear All,
Please solve my following problum..
1) what is the status of Nominee in Companies Act,1956?
2) How many Companies in which an individual hold a position of nominee?
3) can an individual represent as anominee of Individual?
Regards,
zaffar
LIVE Form 10 B and Form 10BB: Handle Tax Audit Reports of Charitable Organizations(with recording)
Company LAw query regarding treatment of Nominee directors