compliances fema report performance annual
Dear Members,
Query is as follows:
There is an increase in remuneration of Mr. _____ (WTD) for which a special resolution is passed in the AGM. As per the explanatory statement the following terms is mentioned:
Salary, Allowances and Perquisites (including benefits, facilities and amenities): Rs. 3,75,00,000 (Rupees Three Crores and Seventy Five Lakhs only) per annum, with the authority granted to the Board of Directors (hereinafter referred to as “the Board” which term shall include in Committee of Directors) to determine the remuneration including inter-se breakup thereof and grant increases from time to time not exceeding 20% per annum but subject to shareholders’ approval in the General Meeting.
Can the above clause be altered in such a way that if the shareholders approve for increase of 20% p.a in this AGM, the shareholders approval would not be required in the next AGM if the remuneration to be paid is increased from 3.75 Cr to say 4 Cr?
Please help in this matter and guide accordingly.
Dear All,
I need your suggestion in below matter :
I had submitted Form STK -2 for “ABC Limited” dated 27.12.2019, query received from ROC is ‘Prosecution is pending against the Co.’ and others. The status of the Form as on date is “Under Process of Striking Off”.
There is a case pending against Company at Chief Judicial Magistrate under Section 92 of Companies Act 1956 for non filing for 2015-16, 16-17 for which we have never received any notice/summons.
As on date Company has done filing till year end 2018.
After meeting with ROC, he advised either to fight the case and ROC will levy Penalty as per Act or we can go for compounding.
Please advise should I go for compounding and what is the process for same.
Thankyou in advance.
compounding regarding query
Whether payment to IEPF pertaining to IEPF-1 has to be made online ONLY or offline (through Bank) is permissible. Further, whether IEPF-1 is getting approved without any hitches ?
Dear Respected Members,
A Company invested some amount in Partnership Firm.
I have two query in that regard.
1. Will that invested amount come within the calculation of Section 186?
2. Is there any violation under the Co. Act to invest amount in Partnership Firm?
Hi,
Please guide if in director master data against a LLP is showing defaulting status as -Yes , what does it mean?
Dear All,
A Pvt company have 2 directors of which one director is disqualified and others died. the status of the company is active non-compliant.
The company wants to strike off, what could be the procedure.
Hi,
In a small Private Company shares need to be transmitted from deceased Husband to his wife.
Now can a simple letter from his wife alongwith the death certificate will suffice or is it necessary to obtain Probate or succession certificate.
There is no will in this case and there are kids over 18 years of age.
transmission regarding
Dear Members,
I am having a query. In case a company on which csr is applicable; the company exceeded the paid up capital of 5 crore in the previous financial year. But the the company suffered loss in the previous one financial year from the 3 previous financial year. Whether the company need to spend 2? CSR. As it talks about net profit for 3 financial year.
applicability 
