Sathyan Avinash
23 August 2011 at 11:01
Dear sir,
the following is an extract from the articles of association of a public limited company with share capital less than Rs. 5 crores:
9.The first and permanent directors of the Company are:
a)Mr.X
b)Mr.Y
c)Mr.Z
Mr.X is elected as the managing director and will hold office for a period of 5 years.
Now we have received a request from the company to alter the AOA so as to make the Managing director's appointment valid for one year till the first AGM and make him eligible for re-appointment at the first AGM. In this regard we already know that first directors in the AOA cannot be altered, but we need clarification about the subsequent point's alteration relating to MD's appointment.
A quick and accurate reply would help us a lot .
Suchitra. S
23 August 2011 at 08:19
Respected experts, I wanted case laws on criminal liability of directors for the offences committed by them in their tenure while a suit is filed after their retirement. Thanks in advance.
Advocate.Amol Choubal
22 August 2011 at 21:53
Dear Experts,
We have registered a Public Company Limited by Guarantee under Companies Act,1956.
The Director of the Company wishes to convert the Guarantee Company into Section.25 companies under the Companies Act,1956
Kindly provide solution
Regards
Amol Choubal
Bhawani Mahapatra
22 August 2011 at 19:15
What is the path forward when the parties of an agreement differs from each other for appointment of an Arbitrator ?
Jee Education
22 August 2011 at 11:43
Ours is a trust registred in Mumbai and we are now engaged in a massive eye pledge campaign. We are likely to recieve donations from individuals in US, in us dollors. Is there any permission required to accept such donations? if so, what are they and who is the authority to issue permissions?
Thanks in advance
Jeevan
Sathyan Avinash
20 August 2011 at 13:03
sir, we have recently incorporated a company in the name of true value promoters successfully. Now we want to know whether any one can file a suit against us as the name resembles some companies. we have got the certificate of incorporation in this regard
Anonymous
20 August 2011 at 00:59
Hello,
i want to know about how to get a shroff business (like discount a third party cheque,take and accept money on interest) license and which dept. issuing authority in Surat,Gujarat State.
Ravi Shankar
19 August 2011 at 20:04
How to register a partnership firm in uttar pradesh. What are are the documents required for it and where to apply for registration.
Anonymous
19 August 2011 at 17:57
Dear Sirs
Pls let me know whether a Deed Prepared in the following grounds is valid or not in law
1. Partnership consist of 6 Partners
2. Deed Executed by them 10 years ago but not registed with Registrar of firms
3. Last month due to some internal problem one of the partner send a letter to banks and finalacial institutions and creditors that he is now not associated with the firm from the date mentioned in the letter and he is not liable any dues after the date.
4. The Partnership is at will
5.Based on the letter the other partners prepared a new deed and signed except the said partner and specifed in the deed that the deed is preapred on the basis of his letter
My doubt is whether this deed has any validity
Thanks in advance
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Liability of resigned director on bouced company cheque
Hi,
My client has resigned as a director and shareholder from a Pvt Ltd company. During his tenure as a director in the company, he was a authorized signatory in the bank accounts of company, along with another director (who was managing director).
During his tenure, he realized that the other director is forging his signature on company cheques and mis-using the company funds for his personal use. My client then filed a compaint in both the bank and requested the bank to freeze the account. Both the accounts are frozen now.
Now, the other director is blackmailing my client that he is under the possession of company cheques (signed by my client), issued to suppliers/ associates. He is threatening that he will collude with the party to whom this cheque has been issued and file a cheque bounce case against my client.
Is my client still liable for the cheque bounce even the bank accounts has been frozen on the ground of misconduct by the managing director.
Thanks,