Anonymous
17 December 2011 at 11:39
Dear sir,
Can a corporate guarantee be given on a letter head.
Or is it advisable to take corporate guarantee on a stamp paper.
the company intending to give the corporate guarantee is insisting on giving the corporate guarantee on letter head.
Kindly advise
Anonymous
16 December 2011 at 19:26
Hi,
Can some one mail me CHILD LABOR ABOLITION ACT as soon as possible.
Also pls confirm whether age limit of chid has been raised from 14 to 18. Pls mention notification no and date for the same.
What are the industies in which child labor is prohibited ?
I have gone throught THE CHILD LABOUR (ABOLITION AND REHABILITATION) ACT 1986 and also THE CHILD LABOUR (ABOLITION AND REHABILITATION) BILL, 2006
In the bill of 2006 CHILD LABOR IS ALL FORMS IS ABOLISHED whereas THE CHILD LABOUR (ABOLITION AND REHABILITATION) ACT 1986 states certain occupations and industries where it is prohibited.
Pls confirm whether bill of 2006 is passed and HILD LABOR IS ALL FORMS IS ABOLISHED or not ?
I have gone through this bill. But my query is since this is just a BILL, whether it has been passed and become ACT OR NOT ? Whether this bill has replaced earlier THE CHILD LABOUR (ABOLITION AND REHABILITATION) ACT 1986? So now child labor is prohibited for all sorts of industries and process as per this bill of 2006. I await your reply. Many thanks to you in anticipation!
Pls reply asap since matter is very urgent.
With Kind Regards, Neha Jain
Anonymous
16 December 2011 at 19:23
Hello,
Our Company wants to replace an Auditor who has been re-appointed in the previous AGM held on 30 Sep 2011.
What are the option available, We dont want to use the option available u/s 224(7) with CG approval and all.
Kindly guide me.
RAJESH CHOUDHARY
16 December 2011 at 18:11
Regarding applicability it has been stated that the SEBI guidelines are applicable to listed as well as unlisted companies. Now my question is that whether a small unlisted public limeted company ( a nursing home) will be required to comply with the SEBI guidelines when it issues its shares to one of the friend of a director? here it should be mentioned that 90%of the shares of the company are being hold by 10 members and the balance by 15 other persons.
The above mentioned company did not comply with the guidelines at the first time of its issue of its shares also. Now my further queston is that whether the company will be liable to any penalty for its non complience? if yes, can the mistake be rectified? How?
Please reply. Its urgent.
Anonymous
16 December 2011 at 18:04
Hello Experts... Kindly help me out
For annual return filing with RBI, I have the following query:-
A wholly owned foreign subsidiary incorporated in January 2011. The company has received Capital money in July 2011.By the end of the period ended 31st March the paid capital is NIL.
Do we need to file annual return with RBI on accrual or recievable basis… i.e. Nil return.
Thanks,
Regards
JJ
Anonymous
16 December 2011 at 17:59
Dear Experts,
It is almost 5 years since our Pvt Ltd, company is incorporated.
We have been performing regular board meetings and the keeping minutes professionally drafted in loose leaves and kept that in professional binder.
The entire minutes are drafted by our company secretary(who is well experienced).
When I checked the rules about maintaining the minutes in loose leafs, I saw that the pages should be serially numbered.
On the minutes book, we print the minutes after drafting it in the computer, on both the sides of the paper
We have around 25 meetings held, and there are around 65 pages for all these minutes together. We keep the serial numbering on the top of the page.
What I noticed is that, the numbering is actually missing in every starting page of the minutes. That means it is missing in 25 pages, as like in regular english books, the pages won't be numbered in the beginning of each chapter.
The reverse side of the page, anyway is numbered properly, adding the missing count.
so the page numbering is as follows.
starting of 1st minute page(no number),2, starting of second minute(no number), 4,5 etc
I hope I am able to explain my problem.
Now is it fine to keep the minutes numbering such a way? Will there be any legal hurdles? When I asked that to my CS, he said it is all ok and generally minutes are numbered like that only. Is it?
Except the signature of the chairman, everything else, including the numbers are computer printed.
So I am not sure, whether it is fine now to fill in the numbers in the missing pages at this point of time with pen.
My concern is that, will it affect the validity of the proceeding of the meetings?
Please let me know your views.
Only thing I am concerned is that, if it is a statutory requirement to keep the number in each and every pages of the minutes, then there are some pages when it is considered individually, missing the numbering.
http://cacscorporatelaw.blogspot.com/2011/03/preparation-of-minutes-under-companies.html
this is the page where I saw the minutes pages need to be serially numbered. Is it a mandatory requirement or just a guideline?
Thanks,
regards
rahul
Anonymous
16 December 2011 at 17:58
If the company forfiets the share warrants,the forfeited amount should go to Capital Reserve or stands as forfeited share warrants under the head of Share Capital.Please suggest.Also please share if any section is there for the same.
Regards
Anonymous
16 December 2011 at 17:56
I want to wind-up a private limited company which does'nt have any business. it does not have any transaction, no bank account, no cash, no assets. How to close it. I want to know the procedure,
Anonymous
16 December 2011 at 17:55
My query is:
What is the enforceability of a corporate guarantee issued by a foreign entity to an Indian entity where the Indian entity has taken a loan from lenders in India?
What are the relevant provisions governing this?
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Can possession notice u/s13(4) of sarfaesi act be withdrawn & reissued?
Ld. Experts kindly opine.
My client Bank had issued possession notice u/s 13(4) of SARFAESI Act,2002 after which they have forgotten to publish the same in two papers as per rule 8(2). The client has now gone to DRT for setting aside entire SARFAESI proceedings on this ground. My question is.
1) What is the remedy before the Bank now?
2) Can the said notice u/s 13(4) now be withdrawn and reissued to publish the same in news papers with in 7 days?
Thanks in advance.