Dear Sir/ Mam
I have a query on the applicability of section 205C.
Company's date of AGM where dividend is declared: September 30,2007
so, according to the section, last date for payment: October 29, 2007
Transfer of amount to separate account: November 5,2007
Query 1: Company did not transfer the amount to a separate account. As on date, the same dividend account remains open.
Query 2: Should company entertain any claim of dividend after October 29, 2007.
Query 3: Company pays dividend to a claimant in November 2008. is this a violation under law.
Query 4: exact date of completion of 7 years for transfer of amount to Investor & Protection fund
Request an urgent opinion . Thank you
Hi Friends....Can you please tell me the procedure for admission of new members in Sec. 25 companies?? And also the procedure for cessation of existing members...
Answer nowRespected All,
I want to share following practical problem with all of you.
Facts :
Board of directors of a company appointed an additional director on 26.09.2012 in term of power conferred on them by the article of association read with section 260 of the Companies Act 1956.But intimation of such appointment was given to ROC on 20.10.2012 by filing Form 32.
First AGM of the company was held on 28.09.2012.. Date of Notice of such AGM was 27.08.2012. Notice of AGM was containing only following Agenda for discussion :
1) To consider and adopt the financial statement.
2) To consider the re appointment of statutory auditor.
By mistake nothing was mentioned about the re-appointment of above said additional director. Annual filing form has already been filed with ROC.
As per Section 260 of the Companies Act 1956, Additional Director shall hold office only upto the date of next AGM of the company.
In view of the above said discussion, above said additional director has automatically vacated their office ,by operation of law, as additional director of the company on 28.09.2012.
Now i want your advice on following queries :
1) Is it necessary for the company to intimate to ROC about vacation of office of additional director by filing form 32.
2) if company want to re appoint said additional director w.e.f. 01.10.2012 then shall we have to file two Form 32 (one for vacation of office and another of re appointment of said additional director.
3) Since the agenda in notice of AGM does not contain any business relating to reappointment of said additional director. can we skip to intimate to ROC about vacation and re appointment of director . Since Still the name of said director is showing as additional director on MCA portal in the list of company's director. and can re-appoint them in next annual general meeting to be held after 31.03.2013.
Hello experts,
We have received share application money in US$.but we have not convereted that money into shares. Now we want to revert back that application money with interest. do I need to calculate interest on US$ or indian rupees. Suppose we have received US$ 1000 and we have converted that amount into 50000/- do we need to calculate int on US$1000 or rs.50,000/- Please clarify.
SIR,
ONE PVT LTD COMPANY INCORPORATED ON JANUARY 2012. THEY NOT APPOINTED THE AUDITOR TILL NOW. THEN WHAT WILL BE THE PROCEDURE TO BE ADOPTED TO APPOINT THE AUDITOR. IS IT FIRST AUDITOR APPOINMENT OR SUCCEEDING?
Whether we can pass circular resolution for approval of cost audit and compliance report or it should be compulsory to be placed before the meeting for approval?
Answer nowA Private Limited Company has filed DIN 3 for a Director with wrong designation i.e. instead of Managing Director they have filed the form with the designation-Director. Is it possible to file fresh Form DIN-3 by attaching a copy of Board resolution or else what is the remedy?
Please suggest us all possible remedies
Hi friends, why can't v consider the nature of work of company directors as like providing full time consultancy to the company and can enable extension of scope of service tax in this issue...??
Answer nowSir/Madam
What can be give under Main objective of a company in Form 1A, for an engineering company?. Irequired the details which must suit the Form 1A main objective column.
plese help me.
Dear Experts,
Please clarify whether to fix agreement stamp or revenue stamp on share certificates of private limited company while issuing new share certificates.
Thanking you,
Viral
LIVE Form 10 B and Form 10BB: Handle Tax Audit Reports of Charitable Organizations(with recording)
Section 205c