Re: [CSMysore] Digest for csmysore@googlegroups.com - 25 Messages in 14 Topics
Prabhakar KS
procedure to file revised annual forms.
On 03/09/2010, csmysore...@googlegroups.com
<csmysore...@googlegroups.com> wrote:
> =============================================================================
> Today's Topic Summary
> =============================================================================
>
> Group: csmy...@googlegroups.com
> Url: http://groups.google.com/group/csmysore/topics
>
> - [CS_yahoogroups) form.32 for appt of secretary - consent letter,
> mandatory ? [6 Updates]
> http://groups.google.com/group/csmysore/t/c9beec1836f01e61
> - View this page: "Trust Holding in Company after its Dissolve" [2
> Updates]
> http://groups.google.com/group/csmysore/t/96706ac294eb172
> - Query on Sec 255 & 256 of the Companies Act, 1956 [1 Update]
> http://groups.google.com/group/csmysore/t/aae8d01f6eafb8b3
> - certificate at the time of dividend [2 Updates]
> http://groups.google.com/group/csmysore/t/e9bf27b1ed0741d3
> - ESI registration [2 Updates]
> http://groups.google.com/group/csmysore/t/fcc5337514446057
> - Report on Companies Bill-Secretarial Audit and appointment of KMP [1
> Update]
> http://groups.google.com/group/csmysore/t/8e760277ba0cd31e
> - Re : MOA & AOA of a Public Limited Company [2 Updates]
> http://groups.google.com/group/csmysore/t/9d59c62f85fb96b0
> - need checklist for conducting AGM for a private Company, directors
> report, & annual report [2 Updates]
> http://groups.google.com/group/csmysore/t/1dfe80f54c71ab62
> - urgent MDA format [1 Update]
> http://groups.google.com/group/csmysore/t/2f9c414a09865eb9
> - Easy exit scheme status at 11.00 pm on 31-08-2010 [1 Update]
> http://groups.google.com/group/csmysore/t/2bb19727e2f08560
> - ZEAL_SMTP Fwd: Fw: LETTER OF THE EDITOR OF "THE TIMES OF INDIA " TO THE
> PRIME MINISTEROF INDIA [1 Update]
> http://groups.google.com/group/csmysore/t/fe957cbef756837a
> - [CS_yahoogroups) Loan from LLP [1 Update]
> http://groups.google.com/group/csmysore/t/19a9f6d184d548ed
> - Andhra Pradesh Stamp Act [1 Update]
> http://groups.google.com/group/csmysore/t/b1d6f94ba8c1ffac
> - some recent important updates just for your reference [2 Updates]
> http://groups.google.com/group/csmysore/t/721b4c6cd382e5c9
>
>
> =============================================================================
> Topic: [CS_yahoogroups) form.32 for appt of secretary - consent letter,
> mandatory ?
> Url: http://groups.google.com/group/csmysore/t/c9beec1836f01e61
> =============================================================================
>
> ---------- 1 of 6 ----------
> From: Mani <share...@gmail.com>
> Date: Sep 03 04:29PM +0530
> Url: http://groups.google.com/group/csmysore/msg/775f6ca4a4dfc9aa
>
> I have clearly mentioned that:
>
> "However, all such consents are not required to be filed with RoC unless
> the company law mandates the same"
>
> You may not therefore attach the consent letter of a CS since it is not
> mandatory.
>
> But,RoC has every right to ask for the same if he is not satisfied.
>
> You should take note of the fact that in this country, each RoC office
> has its own practices/procedures even after the e-filing has been
> introduced.
>
> If any RoC asks for the same, you should be prepared to produce the same
> rather than raising an issue.
>
> As other members have already pointed out, it is indeed a good practice to
> attach such consent letters with the filings.
>
>
> --
> Best Regards,
>
> Mani Srinivasan,M.Com, AICWA,FCS, ACIS(UK),LL.B
> A 3/8 Triveni Apartments
> B-3, Vasundhara Enclave
> Delhi-96
> Mobile: 9810347583
>
>
> ---------- 2 of 6 ----------
> From: praveen pandey <pkpan...@yahoo.co.in>
> Date: Sep 03 04:32PM +0530
> Url: http://groups.google.com/group/csmysore/msg/b17933c6b2de8ba6
>
> Dear Reshama,
>
> Thanks for yr quick response. I want to know where it is written that this
> is for one person.
>
>
> CS P K PandeyCompany SecretaryInd Synergy Limited
> Mobile 9868496661
>
> --- On Fri, 3/9/10, Reshma <seekr...@gmail.com> wrote:
>
> From: Reshma <seekr...@gmail.com>
> Subject: Fwd: [CSMysore] Query on Manegerial remuneration
> To: csmy...@googlegroups.com
> Date: Friday, 3 September, 2010, 3:26 PM
>
> Hi,
>
> My answer is for the 2nd question. The limits prescribed in the schedule is
> for one managerial person.
>
> Regards,
> Reshma
>
> ---------- Forwarded message ----------
> From: praveen pandey <pkpan...@yahoo.co.in>
>
> Date: Fri, Sep 3, 2010 at 3:20 PM
> Subject: [CSMysore] Query on Manegerial remuneration
> To: csmy...@googlegroups.com
>
>
>
>
>
>
> Dear all,
>
> I want clarification on following point.
>
> 1. Whether passing a remuneration committee resolution and then special
> resolution afterward filing 23 is sufficient to decrease the remuneration of
> MD and WTD.
>
>
> 2. Whether Ceiling mentioned in section ii of schedule XIII part II i.e. Rs.
> 4,00,000 P.M. is for one managerial person or over all remuneration for all
> managerial person put together.
>
>
> CS P K Pandey
> Company SecretaryInd Synergy Limited
>
>
> Mobile 9868496661
>
>
>
>
> --
> Find eNewsletters of ICSI Mysore at:
> http://www.icsi.edu/NewsEvents/enewsletters/tabid/1757/Default.aspx AND
> www.esnips.com/web/icsimysore
>
>
> You received this message as you are subscriber. To unsubscribe email to:
> csmysore-u...@googlegroups.com
>
>
>
>
> --
>
> Find eNewsletters of ICSI Mysore at:
> http://www.icsi.edu/NewsEvents/enewsletters/tabid/1757/Default.aspx AND
> www.esnips.com/web/icsimysore
>
>
>
> You received this message as you are subscriber. To unsubscribe email to:
> csmysore-u...@googlegroups.com
>
>
> ---------- 3 of 6 ----------
> From: Reshma <seekr...@gmail.com>
> Date: Sep 03 04:46PM +0530
> Url: http://groups.google.com/group/csmysore/msg/a4d46bcbaa85967e
>
> Mr. Pandey,
>
> Please refer Schedule XIII, Part II, Section II. Let me reproduce the para
> for your quick reference :
>
> "Notwithstanding anything contained in this Part, where in any financial
> year during the currency of tenure of the managerial person, a company has
> no profits or its profits are inadequate, it may pay remuneration to
> 'a'managerial person by way of ........"
> This connotes the limits prescribed in the schedule is for one managerial
> person.
>
> Reshma
>
>
> ---------- 4 of 6 ----------
> From: praveen pandey <pkpan...@yahoo.co.in>
> Date: Sep 03 05:00PM +0530
> Url: http://groups.google.com/group/csmysore/msg/1b5fbb40d5db51d9
>
> Dear Reshma
>
> Sorry to disturb you.
>
> But one thing is creating confusion to me. A profit making company can pay
> upto 5% of its net profit as managerial remuneration to one person if more
> than on the co may pay only 10 % of its NP as managerial remuneration to all
> persons put together.
>
> Suppose a co has net profit of Rs 6 Crs this can pay only 60 lacs among its
> all the 3 managerial persons means max. 20 lacs per persons if remuneration
> is equel.
>
> According to you a loss making co can pay 48 Lacs per person. this is
> loooking some unrealastic.
>
> Please dont mind, I want to be clarified. My auditors has been puzzled me
> very much.
>
> CS P K PandeyCompany SecretaryInd Synergy Limited
> Mobile 9868496661
>
> --- On Fri, 3/9/10, Reshma <seekr...@gmail.com> wrote:
>
> From: Reshma <seekr...@gmail.com>
> Subject: Re: Fwd: [CSMysore] Query on Manegerial remuneration
> To: csmy...@googlegroups.com
> Date: Friday, 3 September, 2010, 4:46 PM
>
> Mr. Pandey,
>
> Please refer Schedule XIII, Part II, Section II. Let me reproduce the para
> for your quick reference :
>
> "Notwithstanding anything contained in this Part, where in any financial
> year during the currency of tenure of the managerial person, a company has
> no profits or its profits are inadequate, it may pay remuneration to 'a'
> managerial person by way of ........"
>
>
> This connotes the limits prescribed in the schedule is for one managerial
> person.
>
> Reshma
>
> On Fri, Sep 3, 2010 at 4:32 PM, praveen pandey <pkpan...@yahoo.co.in>
> wrote:
>
>
>
>
>
> Dear Reshama,
>
> Thanks for yr quick response. I want to know where it is written that this
> is for one person.
>
>
>
>
> CS P K Pandey
> Company SecretaryInd Synergy Limited
>
>
> Mobile 9868496661
>
> --- On Fri, 3/9/10, Reshma <seekr...@gmail.com> wrote:
>
>
>
> From: Reshma <seekr...@gmail.com>
> Subject: Fwd: [CSMysore] Query on Manegerial remuneration
>
> To: csmy...@googlegroups.com
> Date: Friday, 3 September, 2010, 3:26 PM
>
>
>
>
>
>
> Hi,
>
> My answer is for the 2nd question. The limits prescribed in the schedule is
> for one managerial person.
>
> Regards,
> Reshma
>
> ---------- Forwarded message ----------
> From: praveen pandey <pkpan...@yahoo.co.in>
>
> Date: Fri, Sep 3, 2010 at 3:20 PM
> Subject: [CSMysore] Query on Manegerial remuneration
> To: csmy...@googlegroups.com
>
>
>
>
>
>
>
> Dear all,
>
> I want clarification on following point.
>
> 1. Whether passing a remuneration committee resolution and then special
> resolution afterward filing 23 is sufficient to decrease the remuneration of
> MD and WTD.
>
>
> 2. Whether Ceiling mentioned in section ii of schedule XIII part II i.e. Rs.
> 4,00,000 P.M. is for one managerial person or over all remuneration for all
> managerial person put together.
>
>
> CS P K Pandey
> Company SecretaryInd Synergy Limited
>
>
> Mobile 9868496661
>
>
>
>
> --
> Find eNewsletters of ICSI Mysore at:
> http://www.icsi.edu/NewsEvents/enewsletters/tabid/1757/Default.aspx AND
> www.esnips.com/web/icsimysore
>
>
> You received this message as you are subscriber. To unsubscribe email to:
> csmysore-u...@googlegroups.com
>
>
> --
> Find eNewsletters of ICSI Mysore at:
> http://www.icsi.edu/NewsEvents/enewsletters/tabid/1757/Default.aspx AND
> www.esnips.com/web/icsimysore
>
>
> You received this message as you are subscriber. To unsubscribe email to:
> csmysore-u...@googlegroups.com
>
>
>
>
>
> --
> Find eNewsletters of ICSI Mysore at:
> http://www.icsi.edu/NewsEvents/enewsletters/tabid/1757/Default.aspx AND
> www.esnips.com/web/icsimysore
>
>
> You received this message as you are subscriber. To unsubscribe email to:
> csmysore-u...@googlegroups.com
>
>
>
>
>
> --
>
> Find eNewsletters of ICSI Mysore at:
> http://www.icsi.edu/NewsEvents/enewsletters/tabid/1757/Default.aspx AND
> www.esnips.com/web/icsimysore
>
>
>
> You received this message as you are subscriber. To unsubscribe email to:
> csmysore-u...@googlegroups.com
>
>
> ---------- 5 of 6 ----------
> From: Vivek Hegde <vivekhe...@gmail.com>
> Date: Sep 03 05:22PM +0530
> Url: http://groups.google.com/group/csmysore/msg/864a7afd3137b81e
>
> Dear Mr. Pandey
>
> I agree with Ms. Reshma. The simple logic goes like this.
>
> If the Company is having profits it can pay the % of remuneration prescribed
> in Sec 309. If the Company wants to pay more than the limit it has to take
> Members/CG approval pursuant to section 269/Schedule XIII. If the Company is
> having no profits/inadequate profits it has to follow Schedule XIII.
>
> Vivek
>
>
> --
> Warm Regards
>
> CS Vivek Hegde,B.com, ACS, CWA
> Company Secretary in Practice
> No. 405, 4th Block, 7th Cross
> Koramangala, Bangalore-560034
> Mob: 09019756940/09900898223
>
>
> ---------- 6 of 6 ----------
> From: praveen pandey <pkpan...@yahoo.co.in>
> Date: Sep 03 05:36PM +0530
> Url: http://groups.google.com/group/csmysore/msg/da745fda2ba6837
>
> Thank u Mr. Hegde
>
> Would u plz clarify me about my 1st query. What is the procedure to decrease
> the remuneration of managerial person.
>
> CS P K PandeyCompany SecretaryInd Synergy Limited
> Mobile 9868496661
>
> --- On Fri, 3/9/10, Vivek Hegde <vivekhe...@gmail.com> wrote:
>
> From: Vivek Hegde <vivekhe...@gmail.com>
> Subject: Re: Fwd: [CSMysore] Query on Manegerial remuneration
> To: csmy...@googlegroups.com
> Date: Friday, 3 September, 2010, 5:22 PM
>
> Dear Mr. Pandey
> I agree with Ms. Reshma. The simple logic goes like this.
> If the Company is having profits it can pay the % of remuneration prescribed
> in Sec 309. If the Company wants to pay more than the limit it has to take
> Members/CG approval pursuant to section 269/Schedule XIII. If the Company is
> having no profits/inadequate profits it has to follow Schedule XIII.
>
> Vivek
> On Fri, Sep 3, 2010 at 5:00 PM, praveen pandey <pkpan...@yahoo.co.in>
> wrote:
>
>
> Dear Reshma
>
>
>
> Sorry to disturb you.
>
> But one thing is creating confusion to me. A profit making company can pay
> upto 5% of its net profit as managerial remuneration to one person if more
> than on the co may pay only 10 % of its NP as managerial remuneration to all
> persons put together.
>
>
>
> Suppose a co has net profit of Rs 6 Crs this can pay only 60 lacs among its
> all the 3 managerial persons means max. 20 lacs per persons if remuneration
> is equel.
>
> According to you a loss making co can pay 48 Lacs per person. this is
> loooking some unrealastic.
>
>
>
> Please dont mind, I want to be clarified. My auditors has been puzzled me
> very much.
>
> CS P K Pandey
>
> Company SecretaryInd Synergy Limited
>
>
> Mobile 9868496661
>
> --- On Fri, 3/9/10, Reshma <seekr...@gmail.com> wrote:
>
>
>
> From: Reshma <seekr...@gmail.com>
>
> Subject: Re: Fwd: [CSMysore] Query on Manegerial remuneration
> To: csmy...@googlegroups.com
> Date: Friday, 3 September, 2010, 4:46 PM
>
>
>
> Mr. Pandey,
>
> Please refer Schedule XIII, Part II, Section II. Let me reproduce the para
> for your quick reference :
>
> "Notwithstanding anything contained in this Part, where in any financial
> year during the currency of tenure of the managerial person, a company has
> no profits or its profits are inadequate, it may pay remuneration to 'a'
> managerial person by way of ........"
>
>
>
>
> This connotes the limits prescribed in the schedule is for one managerial
> person.
>
> Reshma
>
> On Fri, Sep 3, 2010 at 4:32 PM, praveen pandey <pkpan...@yahoo.co.in>
> wrote:
>
>
>
>
>
> Dear Reshama,
>
> Thanks for yr quick response. I want to know where it is written that this
> is for one person.
>
>
>
>
> CS P K Pandey
> Company SecretaryInd Synergy Limited
>
>
>
>
> Mobile 9868496661
>
> --- On Fri, 3/9/10, Reshma <seekr...@gmail.com> wrote:
>
>
>
>
>
> From: Reshma <seekr...@gmail.com>
>
>
> Subject: Fwd: [CSMysore] Query on Manegerial remuneration
>
> To: csmy...@googlegroups.com
> Date: Friday, 3 September, 2010, 3:26 PM
>
>
>
>
>
>
> Hi,
>
> My answer is for the 2nd question. The limits prescribed in the schedule is
> for one managerial person.
>
> Regards,
> Reshma
>
> ---------- Forwarded message ----------
> From: praveen pandey <pkpan...@yahoo.co.in>
>
>
>
> Date: Fri, Sep 3, 2010 at 3:20 PM
> Subject: [CSMysore] Query on Manegerial remuneration
> To: csmy...@googlegroups.com
>
>
>
>
>
>
>
>
>
> Dear all,
>
> I want clarification on following point.
>
> 1. Whether passing a remuneration committee resolution and then special
> resolution afterward filing 23 is sufficient to decrease the remuneration of
> MD and WTD.
>
>
>
>
> 2. Whether Ceiling mentioned in section ii of schedule XIII part II i.e. Rs.
> 4,00,000 P.M. is for one managerial person or over all remuneration for all
> managerial person put together.
>
>
> CS P K Pandey
> Company SecretaryInd Synergy Limited
>
>
>
>
> Mobile 9868496661
>
>
>
>
> --
> Find eNewsletters of ICSI Mysore at:
> http://www.icsi.edu/NewsEvents/enewsletters/tabid/1757/Default.aspx AND
> www.esnips.com/web/icsimysore
>
>
>
>
> You received this message as you are subscriber. To unsubscribe email to:
> csmysore-u...@googlegroups.com
>
>
>
>
> --
> Find eNewsletters of ICSI Mysore at:
> http://www.icsi.edu/NewsEvents/enewsletters/tabid/1757/Default.aspx AND
> www.esnips.com/web/icsimysore
>
>
>
>
> You received this message as you are subscriber. To unsubscribe email to:
> csmysore-u...@googlegroups.com
>
>
>
>
>
>
>
> --
> Find eNewsletters of ICSI Mysore at:
> http://www.icsi.edu/NewsEvents/enewsletters/tabid/1757/Default.aspx AND
> www.esnips.com/web/icsimysore
>
>
>
>
> You received this message as you are subscriber. To unsubscribe email to:
> csmysore-u...@googlegroups.com
>
>
>
>
>
>
>
> --
>
> Find eNewsletters of ICSI Mysore at:
> http://www.icsi.edu/NewsEvents/enewsletters/tabid/1757/Default.aspx AND
> www.esnips.com/web/icsimysore
>
>
>
>
>
> You received this message as you are subscriber. To unsubscribe email to:
> csmysore-u...@googlegroups.com
>
>
>
>
>
>
> --
>
> Find eNewsletters of ICSI Mysore at:
> http://www.icsi.edu/NewsEvents/enewsletters/tabid/1757/Default.aspx AND
> www.esnips.com/web/icsimysore
>
>
>
>
>
> You received this message as you are subscriber. To unsubscribe email to:
> csmysore-u...@googlegroups.com
>
>
>
>
> --
> Warm Regards
>
> CS Vivek Hegde,B.com, ACS, CWA
> Company Secretary in Practice
> No. 405, 4th Block, 7th Cross
> Koramangala, Bangalore-560034
> Mob: 09019756940/09900898223
>
>
>
>
>
>
> --
>
> Find eNewsletters of ICSI Mysore at:
> http://www.icsi.edu/NewsEvents/enewsletters/tabid/1757/Default.aspx AND
> www.esnips.com/web/icsimysore
>
>
>
> You received this message as you are subscriber. To unsubscribe email to:
> csmysore-u...@googlegroups.com
>
>
>
> =============================================================================
> Topic: View this page: "Trust Holding in Company after its Dissolve"
> Url: http://groups.google.com/group/csmysore/t/96706ac294eb172
> =============================================================================
>
> ---------- 1 of 2 ----------
> From: dipak singh <cs.d...@gmail.com>
> Date: Sep 03 05:02AM -0700
> Url: http://groups.google.com/group/csmysore/msg/6ddf274b32f2f4bf
>
> Click on
> http://groups.google.co.in/group/csmysore/web/trust-holding-in-company-after-its-dissolve
> - or copy & paste it into your browser's address bar if that doesn't
> work.
>
>
> ---------- 2 of 2 ----------
> From: dipak singh <cs.d...@gmail.com>
> Date: Sep 03 05:06AM -0700
> Url: http://groups.google.com/group/csmysore/msg/35e7bcda7aa7395b
>
> Click on
> http://groups.google.co.in/group/csmysore/web/trust-holding-in-company-after-its-dissolve
> - or copy & paste it into your browser's address bar if that doesn't
> work.
>
>
>
> =============================================================================
> Topic: Query on Sec 255 & 256 of the Companies Act, 1956
> Url: http://groups.google.com/group/csmysore/t/aae8d01f6eafb8b3
> =============================================================================
>
> ---------- 1 of 1 ----------
> From: alaka chanda <alaka...@gmail.com>
> Date: Sep 03 05:01PM +0530
> Url: http://groups.google.com/group/csmysore/msg/d303cfb0786f71f4
>
> X is a public ltd Company by virtue of being a subsidiary of a private ltd
> Co. which is subsidiary of a public ltd. company so, 2/3rd of the toatal
> directors will be liable to retire by rotaion.(Sec 255) and 1/rd of such
> directors wil actually retire(Sec256) so in your case 1 director wil retire
> who had the longest tenure in office or if both are appointed on the same
> date then any one couldn retire.
>
>
>
>
>
>
> =============================================================================
> Topic: certificate at the time of dividend
> Url: http://groups.google.com/group/csmysore/t/e9bf27b1ed0741d3
> =============================================================================
>
> ---------- 1 of 2 ----------
> From: "CS.Omkar" <acs....@gmail.com>
> Date: Sep 03 04:47PM +0530
> Url: http://groups.google.com/group/csmysore/msg/8761962f49ea13e5
>
> Dear Mr. Naresh,
>
> If payment of Dividend is to Non-resident shareholders, then Auditor's
> Certificate needs to be taken in Part B of Form RCD 1 "Application for
> remittance of dividend by Indian companies to their non-resident share
> holders".
>
> Other members view solicited.
>
> *Regards...Omkar*
>
>
>
>
>
> ---------- 2 of 2 ----------
> From: naresh kumar <upret...@gmail.com>
> Date: Sep 03 04:51PM +0530
> Url: http://groups.google.com/group/csmysore/msg/3434f78d472e12ab
>
> ok.. thank u so much...
>
>
> --
> --Thanks & Regards--
>
> Naresh Kumar
> ACS, LL.B.
>
> MOBILE- 9910683177, 9990892282
>
>
>
> =============================================================================
> Topic: ESI registration
> Url: http://groups.google.com/group/csmysore/t/fcc5337514446057
> =============================================================================
>
> ---------- 1 of 2 ----------
> From: Neelam <neel...@gmail.com>
> Date: Sep 03 04:33PM +0530
> Url: http://groups.google.com/group/csmysore/msg/15a350815016942e
>
> Dear Friends
>
> Can anyone plz provide me the procedure and the documents required for ESI
> registration for firm.
>
> --
> Thanks and Regards
> Neelam
>
>
> ---------- 2 of 2 ----------
> From: praveen pandey <pkpan...@yahoo.co.in>
> Date: Sep 03 04:50PM +0530
> Url: http://groups.google.com/group/csmysore/msg/d6540f5d34ea6ea3
>
> Try to download from official site of ESI.
>
> CS P K PandeyCompany SecretaryInd Synergy Limited
> Mobile 9868496661
>
> --- On Fri, 3/9/10, Neelam <neel...@gmail.com> wrote:
>
> From: Neelam <neel...@gmail.com>
> Subject: [CSMysore] ESI registration
> To: csmy...@googlegroups.com
> Date: Friday, 3 September, 2010, 4:33 PM
>
>
> Dear Friends
>
> Can anyone plz provide me the procedure and the documents required for ESI
> registration for firm.
>
> --
> Thanks and Regards
> Neelam
>
>
>
> --
>
> Find eNewsletters of ICSI Mysore at:
> http://www.icsi.edu/NewsEvents/enewsletters/tabid/1757/Default.aspx AND
> www.esnips.com/web/icsimysore
>
>
>
> You received this message as you are subscriber. To unsubscribe email to:
> csmysore-u...@googlegroups.com
>
>
>
> =============================================================================
> Topic: Report on Companies Bill-Secretarial Audit and appointment of KMP
> Url: http://groups.google.com/group/csmysore/t/8e760277ba0cd31e
> =============================================================================
>
> ---------- 1 of 1 ----------
> From: pavithra madhwesh <pavithra...@gmail.com>
> Date: Sep 03 04:08PM +0530
> Url: http://groups.google.com/group/csmysore/msg/5a3b63c6066ba8f4
>
> Dear Mr. Madaan,
>
> Please take note of the extract from J J Irani Committee Report reproduced
> hereunder. In clause 34.2 it has been recomended to include CS as KMP.
>
> Also take note of the extract from Companies Bill reproduced hereunder. In
> clause 2 (1) (zza) it has been incorporated:
>
>
> (zza) “key managerial personnel”, in relation to a company, means —
>
>
>
> (i) the Managing Director, the Chief Executive Officer or the Manager and
> where there is no Managing Director or Manager, a whole-time director or
> directors;
>
>
>
> (ii) the Company Secretary; and
>
>
>
> (iii) the Chief Financial Officer;
>
> *
>
> -----------
>
> Key Managerial Personnel*:-
>
> 34.2 The Committee identifies the following key Managerial Personnel for all
>
> companies:-
>
> § Chief Executive Officer (CEO)/Managing Director
>
> § Company Secretary (CS)
>
> § Chief Finance Officer (CFO]
>
> RECOMMENDATIONS –
>
> Ø The appointment and removal of the key managerial personnel should be by
> the
>
> Board of Directors.
>
> Ø The key managerial personnel including managing / (whole time) Executive
>
> Directors should be in the whole-time employment of only one company at any
> given
>
> time.
>
> Ø Both the managing director as also the whole time directors should not be
>
> appointed for more than 5 years at a time.
>
> Ø As provided currently, the option to a company to appoint director by
> proportional
>
> representation may be retained.
>
> Ø The present requirement of having managing director/whole time director in
> a
>
> pubic company with a paid up capital of Rs.5 crores may be revised to Rs.10
> crores by
>
> appropriate amendment of the Rules. The said limit could be reviewed from
> time to
>
> time.
>
> Special exemptions may be provided for small companies from appointing such
>
> personnel on whole-time basis. Such companies may obtain services that may
> be
>
> considered mandatory under law from qualified professionals in practice.
>
>
>
> --
> Thanks and regards,
>
> Pavithra and Madhwesh
>
> 9535574123 / 9972072349 / 9980672126
>
>
>
> =============================================================================
> Topic: Re : MOA & AOA of a Public Limited Company
> Url: http://groups.google.com/group/csmysore/t/9d59c62f85fb96b0
> =============================================================================
>
> ---------- 1 of 2 ----------
> From: Sumeet Dahima <sumeet...@gmail.com>
> Date: Sep 03 12:20PM +0530
> Url: http://groups.google.com/group/csmysore/msg/cd33f67f47cee218
>
> Dear Friends,
>
> Please mail me the MOA & AOA of a Public Limited Company engaged in the
> business of financing.
>
> Thanks for the support of the group members.
>
>
> Regards
>
> Sumeet Dahima
> Email : sumeet...@gmail.com
>
>
> ---------- 2 of 2 ----------
> From: Nitesh Kumar <acsn...@gmail.com>
> Date: Sep 03 04:04PM +0530
> Url: http://groups.google.com/group/csmysore/msg/ad6e4a9bbd618fb7
>
> Dear Member,
>
> Please find herewith the MOA & AOA of Public Company.
>
> --
> Professionally yours,
> CS NITESH KUMAR SINHA
> (Company Secretary)
> 510, Amber Tower,
> Commercial Complex,
> Azad Pur, Delhi -110033.
> Mobile:+91 - 9871500827, +91- 9250847457, (O) 011 - 47061532
> Website : www.csnitesh. com <http://www.csnitesh.com/>
> E-mail:- mail@csnitesh.
> com<http://in.mc948.mail.yahoo.com/mc/compose?to=ma...@csnitesh.com>
>
>
>
>
> =============================================================================
> Topic: need checklist for conducting AGM for a private Company, directors
> report, & annual report
> Url: http://groups.google.com/group/csmysore/t/1dfe80f54c71ab62
> =============================================================================
>
> ---------- 1 of 2 ----------
> From: Mahesh Joshi <write.mah...@gmail.com>
> Date: Sep 03 03:56PM +0530
> Url: http://groups.google.com/group/csmysore/msg/79aaa99f775b19ad
>
> Dear Vasudevan
>
> While opening this pdf file I am getting this error message*:
> "A digital ID was used to encrypt this document but no digital ID is present
> to decrypt it"*
>
> Seems the file is secured using a digital id.
>
> Regards,
> Mahesh Joshi
>
>
>
> ---------- 2 of 2 ----------
> From: "Vasudevan" <vasude...@gmail.com>
> Date: Sep 03 04:03PM +0530
> Url: http://groups.google.com/group/csmysore/msg/168ae148ce3ad7d1
>
> Dear Mr. Mahesh Joshi
>
> Please find the attachment. Let me know if there is any problem.
>
> regards
>
> Vasudevan G
> Company Secretary
> 09944937063
> ----- Original Message -----
> From: Mahesh Joshi
> To: csmy...@googlegroups.com
> Sent: Friday, September 03, 2010 3:56 PM
> Subject: Re: [CSMysore] need checklist for conducting AGM for a private
> Company, directors report, & annual report
>
>
> Dear Vasudevan
>
> While opening this pdf file I am getting this error message:
> "A digital ID was used to encrypt this document but no digital ID is
> present to decrypt it"
>
> Seems the file is secured using a digital id.
>
> Regards,
> Mahesh Joshi
>
>
> On 3 September 2010 15:31, Vasudevan <vasude...@gmail.com> wrote:
>
> Dear all,
>
> Pls. find herewith comprehensive AGM Checklist for the usage of all the
> Members
>
> regards
>
> Vasudevan G
> Company Secretary
> Coimbatore
> 9944937063
> ----- Original Message -----
> From: CS Manish Kumar Dixit
> To: csmy...@googlegroups.com
> Sent: Friday, September 03, 2010 3:07 PM
> Subject: Re: [CSMysore] need checklist for conducting AGM for a
> private Company, directors report, & annual report
>
>
>
>
> Dear Anand,
>
> I am attaching the checklist for AGM , Format of Directors' Report
> and Sample copy of Annual Return.Checklist is for a listed co..Modify it
> according to your need.
>
>
> Thanks & Regards
> Manish Kumar Dixit
> Mob.- +919718396258
> +919716771265
> Email: csmanis...@gmail.com
>
>
>
>
>
>
>
> --
> Find eNewsletters of ICSI Mysore at:
> http://www.icsi.edu/NewsEvents/enewsletters/tabid/1757/Default.aspx AND
> www.esnips.com/web/icsimysore
>
> You received this message as you are subscriber. To unsubscribe email
> to: csmysore-u...@googlegroups.com
>
> --
> Find eNewsletters of ICSI Mysore at:
> http://www.icsi.edu/NewsEvents/enewsletters/tabid/1757/Default.aspx AND
> www.esnips.com/web/icsimysore
>
> You received this message as you are subscriber. To unsubscribe email
> to: csmysore-u...@googlegroups.com
>
>
>
> --
> Find eNewsletters of ICSI Mysore at:
> http://www.icsi.edu/NewsEvents/enewsletters/tabid/1757/Default.aspx AND
> www.esnips.com/web/icsimysore
>
> You received this message as you are subscriber. To unsubscribe email to:
> csmysore-u...@googlegroups.com
>
>
>
> =============================================================================
> Topic: urgent MDA format
> Url: http://groups.google.com/group/csmysore/t/2f9c414a09865eb9
> =============================================================================
>
> ---------- 1 of 1 ----------
> From: Reshma Poojari <reshmap...@gmail.com>
> Date: Sep 03 03:53PM +0530
> Url: http://groups.google.com/group/csmysore/msg/f469e9e987aab541
>
> Hi friends,
>
> i m preparing annual report of a hotel.i need help in preparing Management
> discussion analysis its a part of corporate governace report.pls help in
> drafting
>
>
>
> =============================================================================
> Topic: Easy exit scheme status at 11.00 pm on 31-08-2010
> Url: http://groups.google.com/group/csmysore/t/2bb19727e2f08560
> =============================================================================
>
> ---------- 1 of 1 ----------
> From: Vivek Hegde <vivekhe...@gmail.com>
> Date: Sep 03 12:58PM +0530
> Url: http://groups.google.com/group/csmysore/msg/a7ffeba7389d223b
>
> Dear Sir
>
> Compared to this final numbers are amazing..!
>
> It is *14977 *companies.
>
> Vivek
>
> On Tue, Aug 31, 2010 at 11:29 PM, CS A Rengarajan
>
> --
> Warm Regards
>
> CS Vivek Hegde,B.com, ACS, CWA
> Company Secretary in Practice
> No. 405, 4th Block, 7th Cross
> Koramangala, Bangalore-560034
> Mob: 09019756940/09900898223
>
>
>
> =============================================================================
> Topic: ZEAL_SMTP Fwd: Fw: LETTER OF THE EDITOR OF "THE TIMES OF INDIA " TO
> THE PRIME MINISTEROF INDIA
> Url: http://groups.google.com/group/csmysore/t/fe957cbef756837a
> =============================================================================
>
> ---------- 1 of 1 ----------
> From: esha sharma <eshas...@gmail.com>
> Date: Sep 03 10:53AM +0530
> Url: http://groups.google.com/group/csmysore/msg/3fd84cf3e75edc2f
>
> ---------- Forwarded message ----------
> From: Meenakshi Gupta <csmin...@gmail.com>
> Date: Fri, Sep 3, 2010 at 9:15 AM
> Subject: ZEAL_SMTP Fwd: Fw: LETTER OF THE EDITOR OF "THE TIMES OF INDIA " TO
> THE PRIME MINISTEROF INDIA
> To: ZEAL <ZEAL...@googlegroups.com>
>
>
>
>
>
>
>
>
>
> Must Read ! Very Powerfully Worded. Bravo - Prakash Bajaj, Editor of Times
> of India .
> LETTER OF THE EDITOR OF "THE TIMES OF INDIA " TO THE PRIME MINISTER OF INDIA
>
>
> Dear Mr. Prime minister,
> I am a typical mouse from Mumbai. In the local train compartment which has
> capacity of 100 persons, I travel with 500 more mice. Mouse at least
> squeaks, but we don't even do that.
>
> Today I heard your speech, in which you said, 'NO BODY WOULD BE SPARED'. I
> would like to remind you that fourteen years have passed since serial bomb
> blasts in Mumbai took place. Dawood was the main conspirator. Till today he
> is not caught. All our Bollywood actors, our builders, our Gutka king keep
> meeting him, but your Government can not catch him. Reason is simple; all
> your ministers are hand in glove with him. If any attempt is made to catch
> him, everybody will be exposed. Your statement 'NOBODY WOULD BE SPARED' is
> nothing but a cruel joke on these unfortunate people of India .
> Enough is enough. As such, after seeing terrorist attack carried out by
> about a dozen young boys, I realize that if same thing continues, days are
> not far away when terrorists will attack by air, destroy our nuclear
> reactors and there will be one more Hiroshima .
> We the people are left with only one mantra. Womb to Bomb to Tomb. You
> promised Mumbaikar Shanghai; what you have given us is Jalianwala Baug.
> Today only your home minister resigned. What took you so long to kick out
> this joker? Only reason was that he was loyal to Gandhi family. Loyalty to
> Gandhi family is more important than blood of innocent people, isn't it?
> I am born and brought up in Mumbai for last fifty eight years. Believe me,
> corruption in Maharashtra is worse than that in Bihar . Look at all the
> politicians, Sharad Pawar, Chagan Bhujbal, Narayan Rane, Bal Thackray ,
> Gopinath Munde, Raj Thackray, Vilasrao Deshmukh all are rolling in money.
> Vilasrao Deshmukh is one of the worst Chief ministers I have seen. His only
> business is to increase the FSI every other day, make money and send it to
> Delhi , so Congress can fight next election. Now the clown has found new way
> and will increase FSI for fishermen, so they can build concrete houses right
> on sea shore. Next time terrorists can comfortably live in those houses,
> enjoy the beauty of the sea and then attack our Mumbai at their will.
> Recently, I had to purchase a house in Mumbai. I met about two dozen
> builders. Everybody wanted about 30% in black. A common person like me knows
> this and with all your intelligent agency & CBI, you and your finance
> ministers are not aware of it. Where all the black money goes? To the
> underworld isn't it? Our politicians take help of these goondas to vacate
> people by force. I myself was victim of it. If you have time please come to
> me, I will tell you everything.
> If this has been a land of fools, idiots, then I would not have ever cared
> to write to you this letter. Just see the tragedy. On one side we are
> reaching moon, people are so intelligent; and on the other side, you
> politicians have converted nectar into deadly poison. I am everything Hindu,
> Muslim, Christian, Schedule caste, OBC, Muslim OBC, Christian Schedule
> caste, and Creamy Schedule caste; only what I am not is INDIAN. You
> politicians have raped every part of Mother India by your policy of divide
> and rule.
> Take example of our Former President Abdul Kalam. Such an intelligent
> person; such a fine human being. But you politician didn't even spare him.
> Your party along with opposition joined hands, because politicians feel they
> are supreme and there is no place for good person.
> Dear Mr Prime minister, you are one of the most intelligent persons, a most
> learned person. Just wake up, be a real SARDAR. First and foremost, expose
> all selfish politicians. Ask Swiss banks to give names of all Indian account
> holders. Give reins of CBI to independent agency. Let them find wolves among
> us. There will be political upheaval, but that will be better than dance of
> death which we are witnessing every day. Just give us ambience where we can
> work honestly and without fear. Let there be rule of law. Everything else
> will be taken care of.
> Choice is yours Mr. Prime Minister. Do you want to be lead by one person, or
> you want to lead the nation of 100 Crore people?
>
>
> Prakash B. Bajaj
> Editor Mumbai-Times of India
> PLEASE READ N FORWARD TO AS MANY PEOPLE IN YOUR CONTACT LIST
>
>
> *
> *
>
>
>
>
>
>
>
>
>
> =====-----=====-----=====
> Notice: The information contained in this e-mail
> message and/or attachments to it may contain
> confidential or privileged information. If you are
>
> not the intended recipient, any dissemination, use,
> review, distribution, printing or copying of the
> information contained in this e-mail message
> and/or attachments to it are strictly prohibited. If
> you have received this communication in error,
>
> please notify us by reply e-mail or telephone and
> immediately and permanently delete the message
> and any attachments. Thank you
>
>
>
> =============================================================================
> Topic: [CS_yahoogroups) Loan from LLP
> Url: http://groups.google.com/group/csmysore/t/19a9f6d184d548ed
> =============================================================================
>
> ---------- 1 of 1 ----------
> From: DILIP DARJI <cs.dil...@gmail.com>
> Date: Sep 03 10:36AM +0530
> Url: http://groups.google.com/group/csmysore/msg/d2066141252d5758
>
> still waiting for ur reply
>
> kind;y help
>
>> of Use <http://docs.yahoo.com/info/terms/>
>> .
>
>> __,_._,___
>
> --
> *With warm regards,
>
> Professionally Yours,
>
> CS. Dilip Darji
> M.Com, A.C.S.
>
> Cell: +91 98215 50064
> +91 92242 42919**
> Mumbai*
>
>
>
> =============================================================================
> Topic: Andhra Pradesh Stamp Act
> Url: http://groups.google.com/group/csmysore/t/b1d6f94ba8c1ffac
> =============================================================================
>
> ---------- 1 of 1 ----------
> From: Manpreet Singh <manpreetsi...@gmail.com>
> Date: Sep 03 10:26AM +0530
> Url: http://groups.google.com/group/csmysore/msg/800cd570fba588b8
>
> Dear,
>
> It is flat 30 paise as in stamp act nowhere written on issue price.
>
> tks
>
>
>
>
> =============================================================================
> Topic: some recent important updates just for your reference
> Url: http://groups.google.com/group/csmysore/t/721b4c6cd382e5c9
> =============================================================================
>
> ---------- 1 of 2 ----------
> From: "CS DHANAPAL B.COM,BABL,ACS" <sdasso...@gmail.com>
> Date: Sep 02 11:55PM +0530
> Url: http://groups.google.com/group/csmysore/msg/da36e15e58e76f36
>
> Dear All
>
> Please find attached the checklists which I find interesting for your ready
> reference. Also kindly take a look on the following updates when time
> permits.
>
> +++++++++++++++++++++++++++++++++++++++++++++++++++++++++
>
> Bill proposes to raise the exemption limit for imposing wealth tax to Rs 1
> crore from Rs 15 lakh at present
>
> =======================================================================================
>
> The Direct Taxes Code (DTC) Bill proposes to raise the exemption limit for
> imposing wealth tax to Rs 1 crore from Rs 15 lakh at present, a move that
> will help a lot of taxpayers avoid the levy. The Rs 1 crore limit proposed
> in the Direct Taxes CodeBill, however, is much less that the exemption of Rs
> 50 crore proposed in the original draft.
>
> The DTC proposes to levy wealth tax at the rate of 1 per cent. Broadly, net
> wealth refers to taxable wealth, which means the excess of assets over
> debts. The tax is levied only on specified assets under the Act and not on
> all assets.
>
> ++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++
> Investments in shares for holding stake in group companies but NOT for
> trading or anyother financial activity requires RBI NBFC Registration as
> Core Investment Company if asset size is Rs. 100 crores
> ============================================================
> ============================
>
> *Regulatory Framework for Core Investment Companies (CICs)*
>
> The Bank had announced in the Annual Policy 2010-2011 that companies which
> have their assets predominantly as investments in shares for holding stake
> in group companies *but not for trading*, and also do not carry on any other
> financial activity, i.e., Core Investment Companies, (CICs), justifiably
> deserve a *differential treatment *in the regulatory prescription applicable
> to Non-Banking Financial Companies which are non deposit taking and
> systemically important.
>
> 1. Core Investment Company (CIC) means:
>
> A Non Banking Finance Company (NBFC) carrying on the business of acquisition
> of shares and securities which satisfies the following conditions:-
>
> - it holds atleast 90% of Total Assets as investment in equity shares,
> preference shares, debt or loans in group companies;
> - its investments in the equity shares (including instruments
> compulsorily convertible into equity shares within a period not exceeding
> 10
> years from the date of issue) in group companies constitutes atleast 60%
> of
> its Total Assets;
> - it does *not trade* in its investments in shares, debt or loans in
> group companies *except* through *block sale* for the purpose of *
> dilution* or *disinvestment*;
> - it does not carry on any other financial activity referred to in
> Section 45I(c) and 45I(f) of the RBI Act, 1934 *except* investment in
> bank deposits, money market instruments, government securities, loans and
> investments in debt issuances of group companies or guarantees issued on
> behalf of group companies.
>
> *Note:* Registered CIC can hold or accept public deposit.
>
> 2. CIC with an asset size of Rs. 100 crores or more, will be regarded as Non
> Deposit Taking Systemically Important (*CICs-ND-SI*) and *requires
> registration* with RBI.
>
> 3. A CIC-ND-SI which fulfills the following conditions , will *not* be
> required to meet the requirement for maintaining Net Owned Funds (*NOF*) &
> *capital adequacy and exposure norms* as required under Non-Banking
> Financial (Non-Deposit Accepting or holding) Companies Prudential Norms
> (Reserve Bank) Directions, 2007
>
> - Maintenance of minimum Capital Ratio where Adjusted Net Worth is
> atleast *30% of its Aggregate Risk Weighted Assets* on Balance Sheet and
> risk adjusted value off-balance sheet items as on the date of the last
> audited Balance Sheet at the end of the financial year.
> - Ensuring that it’s outside liabilities at all times is *UPTO *2.5 times
> of the Adjusted Net Worth as on last audited Balance Sheet date.
>
> 4. All CICs-ND-SI, whether they are exempted in the past from registration
> with RBI or not, should apply to the RBI for obtaining Certificate of
> Registration within a period of 6 months from 12th August 2010 (i.e) within
> 11th February 2010.
>
> 5. Companies which presently have an asset size of less than Rs 100 crores
> would be required to apply to RBI for Certificate of Registration *within 3
> months* of achieving a Balance Sheet size of Rs. 100 crores.
>
> 6. CICs-ND-SI will be required to submit an Annual Certificate from their
> statutory auditors regarding compliance with the above guidelines *within 1
> month* from the date of finalisation of the Balance-Sheet.
>
> ++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++
>
> *Establishment of Branch Offices (BO) / Liaison Offices (LO) in India** **by
> Foreign Entities – Delegation of Powers*
>
> ==============================================================================
>
> *Establishment of Branch Offices (BO) / Liaison Offices (LO) in India** **by
> Foreign Entities – Delegation of Powers*
>
> Attention of Authorised Dealer Category – I banks is invited to paragraph 5
> (i) of A.P. (DIR Series) Circular No.24 dated December 30,
> 2009<http://www.caclubindia.com/notice_circulars/establishment-of-branch-liaison-offices-in-india-by-foreign--2711.asp>
> wherein it was stipulated that the Annual Activity Certificates (AACs) as
> at the end of March 31, shall be submitted by the Branch Office / Liaison
> Office (BO/ LO), on or before April 30 every year, to the designated AD
> Category-I bank and a copy to the Directorate General of Income Tax
> (International Taxation), New Delhi.
>
> 2. In view of the difficulties expressed by some Liaison Offices / Branch
> Offices in submitting the AACs within the prescribed period, it has been
> decided to review the current calendar for the same. Accordingly, the AACs
> from the Auditors, as at end of March 31, along with the audited Balance
> Sheet may be submitted on or before September 30 of that year. In case the
> annual accounts of the LO/ BO are finalized with reference to a date other
> than March 31, the AAC along with the audited Balance Sheet may be submitted
> within six months from the due date of the Balance Sheet.
>
> 3. All the other instructions of A.P. (DIR Series) Circular No.24 dated
> December 30, 2009 shall remain unchanged.
>
> 4. AD Category – I banks may bring the contents of this circular to the
> notice of their constituents and customers concerned.
> 5. The directions contained in this circular have been issued under sections
> 10(4) and 11(1) of the Foreign Exchange Management Act, 1999 (42 of 1999)
> and is without prejudice to permissions / approvals, if any required under
> any other law.
>
> +++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++
>
> Thanks and Regards,
>
> S.Dhanapal
>
>
> ---------- 2 of 2 ----------
> From: "CS.Omkar" <acs....@gmail.com>
> Date: Sep 03 09:24AM +0530
> Url: http://groups.google.com/group/csmysore/msg/a0331072fe7c0c7d
>
> One observation... Present exemption limit under Wealth tax is Rs. 30 Lakhs
> (not Rs. 15 lakhs).
>
> *Regards...Omkar*
>
>
>
> On Thu, Sep 2, 2010 at 11:55 PM, CS DHANAPAL B.COM,BABL,ACS <
>
>
>
>
> --
> Find eNewsletters of ICSI Mysore at:
> http://www.icsi.edu/NewsEvents/enewsletters/tabid/1757/Default.aspx AND
> www.esnips.com/web/icsimysore
>
> You received this message as you are subscriber. To unsubscribe email to:
> csmysore-u...@googlegroups.com
--
Adiyen - Prabhakar K S
9740283835
Hare Rama Hare Rama !
Rama Rama Hare Hare !
Hare Krishna Hare Krishna !
Krishna Krishna Hare Hare !