P.C. Joshi
29 October 2009 at 14:29
Dear Friends,
Pls let me have your considered views on the following query.
In a listed company, promoters holding at present is abt 73.50%. promoters want to increase their holding upto 75%. What are the
compliances involved under SEBI takeover Code, Listing agreement and other applicable laws.
Regards
P.C. Joshi
Raja Rajeswari S
29 October 2009 at 13:14
Dear members,
kindly clarify me on the following:
A private ltd co. incorporated on 2004 has four directors as mentioned in the articles as first directors. Among the 4 directors, 2 directors have got the Din no. and the remaining two directors have absconded without intimating the DIN no to the company.(whether they have a DIN is unknown).
The co. in the annual return for the year 2008 filed the Form 20B with the din no. of 2 directors and in the Sch V 4 directors details were given.
The co. wants to cease their directorship. they do not hold any share. .how to file Form 32 for those 2 directors for their cessation?
while filing Form 20B for the year 2009, Can the co. show only the details of 2 directors alone in the Schd V, intimating the ROC that no din was intimated, hence Form 32 for cessation was not filed?
Plz do clarify,
regards
RAJA RAJESWARI S
varun
28 October 2009 at 19:24
Dear Sir,
A US company say "X" had opened an Indian subsidiary say "I" holding 99% of the shareholding(the said indian arm has been incorporated as a company in india);the balance 1% being held by the Indian director.The US company "X" has been merged with another company worldwide;however the indian company "I" was not sold.Hence "X" floated another company "Z" in the US and transferred the 99% shareholding.Does "I" have to take any approvals from the Government of India/RBI/FIPB to avoid FEMA violations.
regards,
Varun
Khaleel Ahmed Mohammed
28 October 2009 at 17:06
Dear Experts,
Can banker close account for non operating?
P.C. Joshi
27 October 2009 at 21:26
Dear Friends,
Can anyone provide draft MOU wherein a foreign party grants exclusive selling rights to Indian party to sell its products in India.
regards
P.c. Joshi
Anonymous
27 October 2009 at 16:47
Respected Sir,
This is the case of SHARES CERTIFICATES.
Actually I have a 500 Share Certificates of Bharti Telecom Ltd., These are the un-registered shares. Recently I have applied for a duplicate share certificates. On that the said company has given a reply stating that the above said shares has been transferred to Custodian Account of Harshad Mehta Group and a case has been initiated by the Custodian and the same is pending before the Special Court, Mumabai.
As a matter of fact I never made any transfer or sold the said shares to any body and the said shares are still on my name and that I have been receiving the dividends etc., up to 2008. Now I don’t know why my said shares are involved in the scam of Harshad Mehta.
In this I am in need of a good Advocate/Lawyer/Attorney to defend on my behalf before the court of Special Court (Trail of offences relating to transactions in Securities Act) 1992) Mumbai.
In this I am straight away offering percentage of his fees and expenses after finalization of the case. Hence plz. suggest me a good advocate to defend on my behalf before the said court.
Thanks,
Subrahmanyam.
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26 October 2009 at 23:30
My background
I am a software engineer and have zero information about registering a company.
My plan
I am planning to get a software(web application) developed from a S/W company for a specific industry type.Now If I want to sell this software I guess I need to register my own company. I have three more partner in this project. Currently I am planning to sell it only one time to each customer so I don't need to setup a development center at my place(no expansion plan).We are not planning to hire any additional employee for this project in our company.Its a one time sale with one year maintenance.
Questions
1) What type of company is suitable for my requirement(pvt ltd, ltd, partenership or propertership).
2) What all types of registration are required for this project to sell it without voilation of any law and with confidence of security of software.
3) What is the minimum investment in this process of registration.
4) Is it sufficient to contact to a corporate lawyer or some other type of professionals(like CA) are also required.
5) I may not able to think more questions at this point if time due to lack of knowledge in this domain.I am sure you must have more suggestions to tell which will help me in the process of registration.
Anonymous
26 October 2009 at 17:15
Please let me know if a Power of attorney for execution of a mortgage is to be registered ....in Chattisgarh
Anonymous
26 October 2009 at 12:49
dear sir/madam
my name is rajnish tiwari , i have just open a computer institute in delhi as sole propwritership firm, i want to rajisterd my institute in propwriter ship act, please tell me the process how can i rajsiterd my institute and what is the documents is required to submit, and what is the process to recognised with nct of delhi, you may answer me at my e mail: rajnishtiwari198630@gmail.com OR rajnishtiwari37@yahoo.in
9990944716
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i want an urgent suggestion about the responsibility...
sir,
i was working with a pharma company. the owner of that company borrowed loan from the Punjab National Bank as a CC account. he made me guarantor. for this reason i deposited the sum of 40 thousand rupees in that bank as a guarantor. this is the instance of 2001. three other peoples were guarantor like me. then i left my job from the company in 2006. furthermore i was not willing to be the guarantor. i requested to my boss to remove my name from the guarantor. he promised me to do the same. but in 2009 i got a legal notice from the bank to repay the dues of the loan's principal ammount and interests over this amount. now i am anxious regarding this issue. because i was just a guarantor not borrower. and i never signed any document to renew my guarantee. the owner of that company is not in my contact. and he is neither in reach of the bank since 2007. this is same for the other three guarantors too. but i am living at my present and permanent address. as i was genuine in all regards and i did faith on my boss that he would remove my name from the guarantor list.
now i am not able to understand what should i do?
neither i am able to understand what kind of action would be taken by the bank on me as a guarantor. nor i understand the responsibility of a guarantor like me to the bank.
please help me out. for what action should i take to get rid of this unwanted cheating from me by my boss and mental and social assault done by the bank to me.
i would oblize u forever.
urs sincerely.