Kindly advise the full section which narrates Related Party transactions under the Companies Act.

I wanted to know the obligations for the company as well as its Directors for Related Party transactions.

Thanks in advance.

Sir,
If a non listed public limited closely held company is having paidup capital of more than 5 crores and it does not have whole time company secretary till date.
Is it mandatory for the company to obtain Compliance Certificate and file it with ROC or is it advisable to file it in absence of company secretary.
How long company can be functioning without whole time company secretary with it. What are the penalties for non appointment of Company Secretary.
Thanking you in advance.

my query is that i have prepared balance sheets of a govt organization from 1990-91 to 2008-09. Since the Balance sheets are prepared now no audit of any type was done previously. now how the matters will proceed in regard to statutory & ag audit.

Thanks in advance
Amit Jain
Dehradun

As per Indian companies Act, a company will have authorized share capital. When the company issues shares, a share cetificate will be issued with the details of number of shares and the face value per share. Every further issue if made to the same person will be done in the same procedure as a new investment.

For US companies, the incorporation certificate shows the no. of shares they are authorized to issue. Break up of face value per share is not specified. Now, I got the information that there is no concept of face value per share in US. They don't provide any documentation for the sharecapital issued.

So, I would like to know what is the actual procedure followed in US for issuing shares (to anyone and in particular to Indian companies). If the information received to me is correct, how do they value the share of the share holder in the company.

Is it possible to know that a person is Director of how many companies if his DIN no. is available through MCA site? If it is possible kindly share it with me.

Sir,
Recently we have been appointed as a statutory auditor of a pvt ltd company.
We have filled the casual vacancy because previous auditor has resigned.
I want to know is there any form needs to be filed with roc by the company for egm(i.e.the meeting in which auditor is appointed)
I also want the format of intimation letter for appointmnet of auditor in case filling of casual vacancy

DEAR SIR

I WANTED TO KNOW THOSE PROVISIONS OF THE COMPANIES ACT WHICH ARE APPARENTLY CONTRADICTORY BUT HARMONIOUS INTERPRETATION GIVES A WAY OUT FOR COMPIANCE.

THANKS AND REGARDS

HIMANSHU GAGGAR

Dear friends,

Please clarify the following issues regarding ROC compliances for a liasion office in India:

a) Whether final accounts for a financial year (ie April to March) or a calender year needs to be filed in ROC? The company follows financial year to prepare its accounts in India while the global accounts are based on calender year.

b) What will be the due date for filing of documents viz. annual accounts and annual return? As per my knowledge, form 52 needs to be filed. Whether form 52 will be treated as a single document for calculation of fees for filing annual accounts and form 52 itself or separate fees will be applied to both the documents?

c) The company has also changed its principal place of business from Delhi to Gurgoan in march 2007 and has not yet filed any intimation to ROC. Whether change in state is allowed or it needs any special prior approval? However, they intimated the same to RBI.

d) What are the annual / periodical compliances needed at RBI?

Thanks & Regards.

Can anybody please tell me whether an MD can be appointed by the Board? If yes, under which section?

Can any one give me a detailed note of preferential voting rights