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Explosion of member in company

There is a word " Repugnant" What is the meaning of Repugnant of the provisions of companies Act,2013

Distribution of Profit

I want a answer of illustration which is on pg 244. of lesson 6 distribution of profit

Directors

Can a person held both positions, director and ceo of the company at the same time ? If not then why??

Closure of registers of members

What is record date?

Auditors

Sir in the point of auditor of more than 20 excludes opc small dormant co and pvt co having puc less than 100 cr so sir this puc limit is only for pvt co or for dormant opc small co also?

Sir as said auditors term in case of individual is max 5 years means can be appointed for less than 5 years so for example if being appointed for 3 years so when cooling period will start after 3 years or to wait for 2 years more to compelete 5 years? And sir again in case of firm two terms of 5 years if in first term being appointed for 3 years and if co again wants to reappoint then when to reappoint after3 years or when?

Dec 2022 amendments

When will amendments of dec 2022 will be provided???

Section 8 Company

• In case of Section 8 Company, the time, date and place of each AGM are decided upon before-hand by the Board having regard to the directions, if any, given in this regard by such company in the general meeting. Sir I didn't get interpretation of this provision

Audit Committee

If the company is listed after a fresh issue of shares to the tune kf rs50 crores in such a situation would the company be liable to constitute audit committee

Companies act sec 62 regarding sending of notice and offer period

I have a doubt in company act sec 62 jaha pe bola hai ki further issue of share ho sakta hai by giving 15 or such lesser period (not less than 7 days written in rules) and uske baad bola hai provided karke uss hi section 62 me ki agar usse less period rakhna hai private company ko to vo 90% members consent ke sath rakh sakti hai To ye lesser period of 7 days ke liye hai ya 7 days se bhi less period ke liye hai??

Section 141(3) Ineligibility of Auditors

Sir section 141(3)(d) mein likha hua hai ki agr koi person ya uska relative security or interest hold krta hai company mein toh wo Rs.1000 ki face value tak k security or interest hold kr skta hai but sir rules mein yahi limit Rs. 100,000 di hui hai. Kisko consider kre. Kyuki rules toh act ko kbhi override nhi kr skte toh us hisab se toh 1000 hona chahiye. Ya fir sir yahan par amendment aayi hai ???

Section 141(3) disqualification of auditor

In point d where he himself or his relative- Can hold security upto 1L hai ya 1000 hai coz in book 1000 diya hai & mene bare act me check kiya to vha pr bhi same bt prescribed me 1L so kya likhna hai exam me aur iska kya mtlb hai sir please let us know

General meeting

If in a company 8 director present in a meeting and total number of director is 15 . And meeting get started after 3 hour of started a meeting. 3 director left in middle of meeting. Will quorum still present or resolution which passed in meeting is still valid? If no .Resolution which passed in meeting can it get Ratified

Penalty for any violation

Sir e.g. there is a penalty provided for failure to do something is Rs. 20,000 and further for continuing failure Rs. 1000 for each day subject to maximum Rs. 300,000 then whether this amount of Rs. 20,000 will form part of maximum of Rs. 300,000 or not?

Opc

mr a is an Indian citizen and his stay in India during the immediately preceding financial year is for 115 days. is he eligibale to incoporate in opc???

Section 105 Proxies

What will be the validity of application of proxies if deposited after 48 hours of the meeting For example If Article allows 72 hours act says 48 hours ? Is it valid? Can company make such provision of 72 hours?

Internal reconstruction

Sir why do companies convert shares into stock. what is basic purpose behind doing so ?

free download.

Hello sir, as you have mentioned we can watch free company lecture videos from free download and also you have provided link for it but to watch the video we need serial key. Can you help me with that? How can I watch your CL lectures?

Debt Capital and Deposits

I have a doubt in this lesson. What will be answer of question on pg 183 From Do you know section of question: N Ltd is an unlisted .......... 1 st April,2020.

Writing practice

Can we write the case law as I have written?? And 2nd question is I m confused between section 139(5) and 139(7)

Board meeting and general meeting

sir ek doubt hai ki board meeting and general meeting mai kon si National holiday pr ho skti hai and sir time business hours 9-6 vala kis k liye hai . And place kis k liye Registed office mai krna mandatory hai.

Amendments related query

Hi Sir, I am giving exams for Dec'22 CS Exec. Would like to know whether to read the amendments related Aug 2021 or not? If yes, kindly help me with the link to refer the same.

Directors

Sir add alter nominee cv directors these all are appointed by board only or with board requires approval of shareholders or is there any other way?

Directors

Sir id ssd alternate add cv nominee these all are non executive directors and one person can hold 2 directorships in same company like for example person can be alternate as well as ssd in same company? If not then alag alag co meh toh alag positions hold krskte na

Artices and memorandum

Sir to insert any point or amend the articles or to change in memorandum there is need to take board and shareholders permission like for example to increase the quorum in articles pemission need to be taken? If yes? Then whose permission

Independent directors

Hello... Sir Anant this side.... From google drive batch.... Sir i have a queries on independent directors ..... . . Promoter himself or relative of promoter or director of the company,... Sir in this statement.... Sir mukesh ambani is also a director of a company.....how can neeta ambani be an independent director?

Corporate social responsibility

Good evening sir As you told that csr includes the activities done in the normal course of business from the amendments of August 2021 so if academy providing free revision lectures will also be included in csr or not??

Sec 177

Composition acc tu lodr as said min 3 dir and 2/3 id so this 2/3 limit is min and can be increased of independent dir?

Sec 188

Def of related party a pub co in which dir Or manager is a director and holds along with its relatives more than 2 percent of share capital So in this holding can be of dir manager or relative individual or tog like dir and relative and holding can be like of two dir?

CSR - impact assessment

What is the meaning of impact assessment? Sir

Minority shareholders and dissenting shareholders

Sir, what is difference between minority shareholders and dissenting shareholders?

CHARGE

Sir, in lecture 57 you had taught the concept of Second and subsequent Mortgage. Will a bank usually allow the second and subsequent mortgages to other banks? Sir my second doubt connecting to the previous question is, won't the 1st Bank hold with themselves until the loans have been repaid, the Title Deeds of the particular property of a company in which the 1st charge has been made? If so the Bank holds the Title Deeds, why would it hand over those Title Deeds to another bank in the second and subsequent mortgages? Without the Title Deeds will those subsequent banks give loans to Companies?

Section 186

Sir, In section 186, does investment company needs to be holding company of other investment company? I mean does it have to invest more than 50% in other investment company?

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