Question Can Private Company be coverted in the Partnership firm? Answer Private company can not be converted to Partnership/Propreitor ship firm. It has only 2 options (1) Convert it as the Public Company (2) Convert it as the LLP And LLP is the...

Question If after appointing the Additional Director the limit for the directors is going to extend beyond 12. In such case is permission of Central Government is required? Answer Central Government permission is required. First we elaborate the...

Question Can Prmoter pledge their share in the Lock-In Period? Answer Lock-in period is given so, that promoters do not sell their shares. But, If they require mony or they simply want extra money then they can pledge shares.

Question What are the Duties and Responsibilities of Sleeping Director? How they get their salary? Answer There is no concept of Sleeping director under the companies act, 1956. However, there is provision related to Independend Director (Non...

Question Why the Company Act, 1956 provides for the Proportional Representation System for Director's Appointment? Why the Option is Available to Public Company Only? Answer The Logic behind that System is as follows: From Centuries, People are doing...