FACTS:
A, B and C are shareholders of the company XYZ Private Limited. A holds 80% of shares of the company, B holds 0.3% shares of the company and C holds 0.5% shares of the company.
XYZ Private Limited holds Annual General Meeting in year 2016.
Query:
1. Can “A “ be appointed as Proxy on behalf of B and C in annual general meeting of XYZ Private Limited,
2. If yes, then Shareholding of A will also be counted for appointing proxy on behalf of A and C or only hat of B and C will be counted. (A person can act as proxy on behalf of members not holding in aggregate not more than 10% of share capital in relation to section 105 read with Management and Administration Rules 2014).
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Can company deny to accept resignation of director stating reason that director has not cleared financial liabilities with company?
According to rule 4 of Nidhi Rules,2014 ; a Nidhi company shall be a public company and must have a minimum paid up equity share capital of 5 lakh rupees. But Companies (amendment)act,2015 has omitted the requirement for minimum paidup share capital for private and public companies. So considering that Nidhi co. shall be a public company, whether omission of minimum paidup share capital will be applicable to nidhi co. or it will continue to have min.5 lakh as its paidup equity share capital ??? please reply soon
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Answer nowDear Experts,
Pls enlighten me weather approval from share holders is required for removal of director?
Regds
Sumit
In our company total directors are 10.but out of ten director 7 director of company want remove to remove remaining 3 directors , because these 3 directors are doing mismanagement in affairs of company.firstly we appointed 5 first Directors of the company.among five directors one directors are among three directors,so what are the procedure of removal of Directors please guide us
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Answer nowDear Experts,
Our company did'nt file financials since incorporation in 2010, though it has done negligiable business and file only income tax returns only.
We availed the fast track scheme and since no operations were done in last 15 months, the name of co was successfully strike off from mca.
after name strike off i am receiving notice from mca for default in filling financials uoto 2015,directors default etc.
please let me know this notice is valid.
How can mca send notice after it has removed the name from regitrar.
Thanks
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