Dear All
Is there any specific format as per Schedule III of the Companies Act 2013 for disclosure of related party transactions in financial statements?
Hi Everyone,
Whether the Stamp Paper of INR 100 will work for gift deed for shares or any higher amount stamp paper is required?
In my case, there is a newly incorporated private limited company (1 year Completed) which consist of :
1. Director - A (holding 51% share)
2. Director - B (holding 49% Share)
3. Director - C ( not a shareholder)(appointed as director recently)
** Authorized Capital =Rs.15 Lakhs and Paid Up Capital = Rs.2 Lakhs **( Rs.10 per Share)
Since Director-A is negligence in his work and due to some other reasons , the other two directors is decided to remove him from the company.
And my question is:-
1. Is it possible to remove Director -A by the other two directors?
2. Is it possible to remove Director -A without his Consent?
3. Is it possible to increase Paid up Share Capital , without the approval of Director-A?
So that, Director - B and Director-C can contribute more and hold the majority shares.
It may helpful for taking actions without the consent of Director-A.
So, kindly guide me with the references and help me to solve this case.
Hello,
Is every company (listed and unlisted), not having subsidiaries
but having associates or joint ventures, required to consolidate
its financial statements for F.Y. 2014-15?
Hi,
Are standalone financial statements of the subsidiaries/
associates/ joint venture required to be attached with the Board’s
report
Hi,
How much MCA fee is there for Incorporation of Private Limited Company having authorised capital of Rs. 50 lacs?
Hello All,
Will my company account get freezed if I didnt take INC 20A : Commencement of Business within 1 year of company incorporation?
Dear Sir,
Can we use SPICe form now for resubmitting incorporation applications filed in form INC-2/7 earlier?
MINUTES OF THE MEETING OF THE CORPORATE SOCIAL RESPONSIBILITY COMMITTEE OF THE BOARD OF DIRECTORS OF THE COMPANY HELD ON MONDAY, THE TH DAY OF DCEMBER, ------ AT THE CORPORATE OFFICE AT ------ AM AT …….
PRESENT
INVITEES:
IN ATTENDANCE
Shri Agarwal, Director took the Chair.
The Chairman declared that requisite quorum was present and called the meeting to order. Thereafter the following agenda was taken up:
Leave of absence was granted to Shri , Director who could not attend the Meeting due to pre-occupations and the following Resolution was passed in that regard:-
“RESOLVED THAT leave of absence be and is hereby granted to Shri, Director of the Company who could not attend the meeting due to pre-occupation.”
The Minutes of the Meeting of the Corporate Social Responsibility Committee of the Board of Directors of the Company held on the ----------------- as circulated earlier were placed before the Meeting for confirmation by the Committee and signatures of the Chairman. The Committee passed the following Resolution in that regard:
“RESOLVED THAT the Minutes of the Meeting of the Corporate Social Responsibility Committee of the Board of Directors of the Company held on the ------------------- as placed before the Committee be and are hereby confirmed and the same be signed by the Chairman.”
The Chairman recalled that the Committee at its meeting held on the 30th August, 2014, had placed one of the proposals named “ABC” wherein the emphasis had been given on the girl child education programme in District -------------. He further stated that as the six months for the financial year ------------ had elapsed at the time of entering into the agreement, the Company had paid the pro-rata amount of ` ,-------------------- towards use for conducting the programme in 20 learning centers for the remainder six months period for the financial year -------------- and an amount of Rs. ------------- was paid towards one-time establishment cost for setting up of the centers as on the----------
He added that in furtherance of the project, the Company had started the process of village selection. After the selection of villages, the door to door surveys had been started to ascertain the drop-outs / irregular non going school girls. After the survey analysis, the Company had selected 50 villages for opening of learning centers.
He then added that the process of community mobilization through door to door community contact and meetings at village level with parents and respective people of villages to understand the importance of girl child education, the project had been initiated with a degree of fervor. Further, the process of selection of teachers had commenced which was a very difficult task, as the thinking of the village people with regard to education of boys and girls was not positive. After the selection of teachers, the orientation programme for the teachers had been completed.
He went on to say that the process of opening of the 20 learning centers had been started in 20 villages. The Committee noted the same.
There being no other business to transact, the meeting ended with a vote of thanks to the Chair.
CHAIRMAN