Dear Sir,
The Sec 599 of the companies act does not specify any limit for the penalty amount to be paid in case of default in filing the accounts,
but in the ROC's fee calculator the penalty for default does not exceed 1 lakh.
So is 1 lakh the maximum penalty amount? if So, which Act prescribes it?
Please help.....

IN A COMPANY TOTAL EMPLOYEES ARE 25. 15 EMPLOYEES ARE GETTING BASIC WAGES MORE THAN 15000/-.

COMPANY WILL BE COVERED UNDER ESI?

Dear Sir,
A, pvt ltd company was incorporated on 9th oct 2008 with two promoters, one of them was foreigner, However the Indian promoters has paid his part of the subscription, but the foreigner has not yet paid as on date. Now the company wants to prepare the accounts up to march 2009, in which the paid up capital would be only 50,000/-. but as per the act minimum paid up capital should be Rs. 1.00 lacs.
My quary is : 1.How to show this balance amount of Rs. 50.000/- as paid. (otherwise company will not be able to file the accounts)
2. Can any other person pay the amount on behalf of the foreigner in cash so comapny can credit the same before March-09.
3. the foreigner has already sent some of Rs. 50,000/- before incorporation through proper chennal for some other purpose in relation to same business, can we use this fund as his subscription.

One of director have passed some confidential information to outsiders apart from this he has taken money from company's client and deposited it into his personal bank accounts. He is also holding 33% shareholding in the company and still holding the directorship in the company. The company is running in loss. What kind of different action a company take...Kindly help urgently.

Dear Freinds,

Is it possible to convert a private limited company into LLP unit?

Please comments/suggestions.

Hello! Friends,

We've registered a company at ROC in 2005.
But, due to some reasons we didn't do any transactions in that company and doesn't file any IT/ROC/Sales Tax returns as on date.
The company was still active in ROC. And recently the auditor of the company also expired due to in-healthy.

Now, shall we go thru another auditor and file IT/ROC as on position. Request your good comments on this.

regards

G Ganesh

plz any one sent me EGM resolution formate for appointing auditors

Dear All,

Please solve my following query:

My company is Indian public ltd company (unlisted). One shareholder (8% equity shareholding) is foreign company of Germany. Please tell me how we can pay dividend to that German Company (state the procderue which an Indian company has to follow) and if existing Indian shareholder cum director wants to buy his all shares so what will be the procedure?

Its urgent. Thanks in advance.

Meenakshi.

Can a private limited company has its main objects as trading in shares? whether it is considered as NBFC? Does it require any specific santion / capital requirements before commencement? Or else the treatment is same as any other private limited company?

Dear Friends

Can any one provide me the Fixed Asset Register and Verification format... preferebly in excel sheet.

Thanks in Advance