Issue of shares under Employees Stock Options Scheme and/or sweat equity shares to person resident outside India
Can I receive payment from my clients in my bank account before applying for the commencement of the business certificate (Form INC 20A) ?
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Dear professionals,
Can a Handicraft Manufacturer create a Producer company. If Yes, then No Agriculture certificate is require to attach as the producers are not farmers.
However while incorporation It mandates to upload RTC or Agriculturist Certificate issued by revenue officer.
Kindly Clarify instead of Agriculturist Certificate, can we attach the Handicraft Board issued certificate.
Please clarify will be waiting for the reply.
incorporation company producer
Dear Members,
We are Incorporating a Private Limited Company. A person has attained the age of 18 years on 2nd October 2020 (meaning he has completed 17 years on 2nd October 2020). Can we appoint him as the proposed Director cum shareholder of the proposed company?? Kindly advise.
company incorporation
Dear members
Could we issue single share certificates to transferee if multiple shareholders have transferred their shares to a single transferee on the same date by mentioning issued in liew of consolidation of share certificates from no. 13 to 43 .
certificates share issue regarding
The Public Co has appointed a person as an additional director in June 2010 and has not regularised since then.
Signatory details is showing status as Additional Director
How Can I now regularise Add Director ?
director additional 
Dear Mam
The payment of remuneration to the Directors is stated under the proviso of sub-section 1 of section 197 of the companies Act, 2013.
Relevant Proviso:
Provided further that, except with the approval of the company in general meeting by a special resolution—
(i) the remuneration payable to any one managing director; or whole-time director or manager shall not exceed five per cent. of the net profits of the company and if there is more than one such director remuneration shall not exceed ten per cent. of the net profits to all such Directors and manager taken together;
(ii) the remuneration payable to Directors who are neither managing Directors nor whole-time Directors shall not exceed,—
(A) one per cent. of the net profits of the company, if there is a managing or whole-time director or manager;
(B) three per cent. of the net profits in any other case.
As per the clause (ii) of this proviso, the company can pay remuneration to non-executive directors not exceeding one percent or three percent as the case may be.
Hope it helps!
Thank You!