Company Law Question Paper June 2013 Text

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Institute of company secretaries of india awards the student of bestowing a designation of a company secretary. There are many levels of the programme but the basics are the inter and foundation level and the general and commercial law forms the base of the study for the course of a company secretary. The aim of this subject is to provide the students with the understandings of some of the basic business laws. The paper is of 100 marks in which the first compulsory question is of 20 marks and rest 7 questions are of 16 marks each out of which students need to solve only 5. The subject covers basically all the civil procedure codes, criminal procedure codes and many laws but also gives a detail description about the constitution of india. Many a times multiple choice questions are also included in the paper which helps the students a lot by saving their time and letting them achieve more marks.

    immediate changes in letterhead,  bills or other official communications, as if full name, address of its registered office, corporate identity number 21 digit number allotted by government , telephone number, fax number, email id, website address if any. one person company opc:  it 39 s a private company having only one member and at least one director. Conversion of existing private companies with paid up capital up to rs 50 lacs and turnover up to rs 2 crores into opc is permitted. Every listed company /public company with paid up capital of rs 100 crores or more / public company with turnover of rs 300 crores or more shall have at least one woman director. resident director: every company must have a director who  stayed  in india for a total period of 182 days or more in previous calendar year.  accounting year. Every company shall follow uniform accounting year i.e. 1 st  april 31 st  march.

    loans to director –  the company cannot advance any kind of loan / guarantee / security to any director, director of holding company, his partner, his relative, firm in which he or his relative is partner, private limited in which he is director or member or any bodies corporate whose 25% or more of total voting power or board of directors is controlled by him. articles of association  in the next general meeting, it is desirable to adopt table f as standard set of articles of association of the company with relevant changes to suite the requirements of the company. Further, every copy of memorandum and articles issued to members should contain a copy of all resolutions / agreements that are required to be filed with the registrar. disqualification of director  all existing directors must have directors identification number din allotted by central government.

    Directors not having din should initiate the process of getting din allotted to him and inform companies. financial year  under the new act, all companies have to follow a uniform financial year i.e. Those companies which follow a different financial year have to align their accounting year to 1st april to 31st march within 2 years.

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    It is desirable to do the same as early as possible since most the compliances are on financial year basis under the new companies act. appointment of statutory auditors every listed company can appoint an individual auditor for 5 years and a firm of auditors for 10 years. Therefore, those companies have reappointed their statutory auditors for more than 5 / 10 years, have to appoint another auditor in annual general meeting for year 2014.

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