Dear All experts
I filed Form 1,18&32 for incorporation of a new private ltd. co. I filled Form 1 with authorized capital of Rs.3 lakhs and prepared MOA with Rs.3 lakhs capital. Paid all stat. fees while filing.
ROC chennai issued a re submitting of all forms mentioning "MIS MATCH IN AUTHORISED CAPITAL IN FORM 1 WITH MOA"
Kindly inform me why i got such a query advise me on what I have to do next?
Dear Sir
I want to know why Stamp Duty is much more high in Punjab as compared to the other states, is there any reason behind the same ?
State wise stamp duty rules for eForm 1, Memorandum of Association (MoA), Articles of Associations (AoA) )
Punjab (companies having share capital other than section 25)
Form1 : Rs. 25
MOA: Rs. 5000
AOA : Rs. 5000 if authorised capital is less than equal to Rs. 1 lakh and 10,000 if authorised capital is greater than Rs. 1 lakh
please answer asap
thanks
After the commencement of certain sections of Companies Act 2013, is the following paragraph sufficient to indicate that certain provisions in the AOA also will be as per Companies Act 2013? If not, then what should I add?
"The Act" means the Companies Act, 1956 including Schedule Rules and Forms there under and includes where the context so admits any reenactment or statutory modification thereof tor the time being in force.
Hi
There is a company which runs a hospital, a director of which is a doctor. Can a company give salary as well as professional fees to him provided professional fees are towards operations performed by him. If company can give professional fees, is there any limit to the same?
please reply
(a)Mr.k,who is a relative of one of the directors,is to bn appointed as the managing director ona monthly salary of 80000 plus othe perquisites applicable to othe executives of the company (b)Miss N,a relative of a director ,is to be appionted as chief public relations officer on a salary of 65000/pm (c)Mr.W,a relative of a director,is to be appointed as CEO on a consolidated salary of 255000 /pm i need your advice for the all above mentioned curcumstances.please provide me applicability and requirements of section 314 of companies Act
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Answer nowDear All,
I have a doubt regarding preference shares .
We have received funds of Rs. 10.8 lakhs from the lender as subscription money for issue of preference shares on 31-08-2012 .
But in the annual return for 2011-12 we have not mentioned about this issue .
Now we wont be able to file Form 2 prior to 31-09-2012(AGM date).
The point is can we use the amount of 10.8 lakhs for ant other purpose ?
Thanks in advance .
The Company have received capital contribution from one of its share holders on 30 april,2013 now the Company wants to issue shares as per Section 81 of Companies Act, 1956. The Company is an unlisted Company, the Unlisted Public Company (preferential) allotment (amendment) Rules 2011 is applicable. but any allotment of securities shall be completed within the period of 60 (sixty) days from the date of receipt of application money and in case the Company is not able to allot the securities within the said period of sixty days, it shall repay the application money within the period of fifteen days thereafter, failing which it will be required t be repaid with interest at the rate of 12% per annum. Considering the said provision, the Company does not want to repay the amount and want to issue shares on the said contribution.Please give your advice whether it is possible to issue share for the contribution received in April 2013 under the provision of the Companies Act, 1956? If yes then please elaborate the procedure for allotment of shares.
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