Director

Remuneration to professional directors

The act has fixed that the total remuneration payable to all directors in a company shall not exceed 11% of its net profits computed in the manner laid down in sections 349 and 350 of the act. These provisions do not apply to a private limited company. It has already …

Company

Statutory registers

Where a company holds its investment in the name of a director or a nominee or in the name of a bank, pursuant to sub-section 2 and 3 of section 49. The details of shares held in the name of any other person shall be entered in a register with …

Uncategorized

Minutes of meetings of board of directors and shareholders

Minutes are the official record of the proceedings of a meeting. It is mandatory for every company like private limited and public limited company is to keep books containing the minimum of proceedings of : (a) meetings of board of directors (b) meetings of committee of directors (c) meetings of …

company registration in coimbatore
Company

Meaning of foreign companies

┬áIn terms of section 591, the foreign companies which are incorporated outside India are required to file certain documents with the ROC under the companies act 1956. The foreign companies that will be governed by the said provisions of the act are the following: Companies incorporated outside India which established …