5 directors in Producer company - Defaulted in Loan repayment for 1 years and not called AGM for 2 years and not allotted shares to money collected from farmers Whether Shareholers themselves directly hold EGM and appoint new 5 directors ? since old directors not giving DSC to file INC 22A, E kyc , DIR 12 form AOC 4 and MGT 7 .....

I've few queries in relation to impact of disqualification of Directors u/s. 164 of the Companies Act, 2013: 1) If any person is disqualified u/s. 164 of the Companies Act, 2013, what it will impact on his designation as Designated Partner (DP) of a LLP? 2) Is there any provision under the LLP Act, 2008 w.r.t. Disqualification of DP? 3) Can Disqualified DP hold their Meetings of LLP, pass any resolution, authorise any DP for doing any act?

Sir which one of the following is correct relating to securities premium account (1) Amount received on sec premium has to be kept in separate bank and use only for purposes specified in Section 52. Any other purpose for which account is used shall require compliance of provisions of reduction of share capital or (2) Amount received in sec premium can be used for any purpose however only for accounting adjustments sec premium can be used for purposes specified under Sec 52

Sir Designation - - Which one of the below to be selected for Expert Director in DIR 12 Form Director (simple director) Managing Director Whole time Director Nominee Director Alternate Director Additional Director Director appointed in casual vacancy

Whether the company can go for Short term loan borrowing i.e within the power of its borrowing power through approval in the Video conferencing instead of conducting regular board meeting due to Covid -19 restriction or difficulties in conducting board meeting taking into account the recent circular issued in this regard by SEBI/ MCA.

Sir, as you said in reply Implementing agency of Producer company forms majority of Directors in Board it is not possible sir because farmer ( member) only can become director... Give any Better idea sir

Shareholders Appointing Expert Director in AGM by unanimous resolution as their agent to assist board of directors and Affirmative Vote for All Resolutions passed by Board... Whether above Resolution and Appointment Valid or not Whether Expert Director to Attend Board Meeting. and he forms part of Board ?

Every Member is entitled to contest for office of director Member means Farmer ..expert director not have right to vote in election of Chairman. he shall be eligible to be elected as Chairman, if so provided by AOA. What are the Functions of Expert director ? in DIR 12 Form there is no designation as expert director but category.. Professional is Available Under Which Designation Expert Director to be Appointed ?

The Board of Directors of a Producer Company may co-opt one or more expert directors or an additional director. The Board may also appoint any other person as additional director for such period as it may deem fit. The maximum period for which the expert director or the additional director holds office shall not exceed the period specified in the articles. Taxmann ............................................................. whether expert director or additional director are same or diffrent

I have passed EGM resolution for the issue of RPS in February month. In how much time I have to allot the shares to shareholders? Is there any time limit for allotment of RPS. Due to COVID-19, i am not able to do the procedure for allotment of shares

Sir, Appointment of Expert director not retire by rotation means what sir whether expert director can be appointed by shareholders in life time ?

Shareholders wants to Appoint Expert director by passing unanimous resolution in AGM as final decision making authority, that is 1 ) all decisions taken by board sent to expert director for final approval 2 ) if the board is not doing business duty correctly expert director can remove director or directors immediately only these two powers required through AOA and Unanimous resoution of Shareholders in AGM ? Please give your suggestion

What is the purpose of expert director in producer company.. whether board of directors only having power to appoint expert director, or shareholders can appoint expert director not retire by rotation in AGM by passing unanimous resolution Shareholders wants to make expert director to monitor board of directors, If board not functioning good expert director can remove the director using power given to him by shareholders

Is there any validity for the resolution passed by shareholders for the issue of RPS under right issue basis

Is there any validity for the resolution passed by shareholders for the issue of RPS under right issue basis

Sir, Shareholders of producer company want to give irrevocable power by passing unanimous resolution to expert director to control board of directors and shareholders want to appoint expert director as lifetime by passing irrevocable unanimous resolution Is it possible sir ? Since the aim of this is implementing agency wants life time control of producer company Please give your suggestion

Dear Sir, A company held shares of another company as investment and shown under non current investment in BS. company sold these shares and earn profit. Does the profit earned from these shares shall be included while computing profit for the purpose of CSR and why. please guide. Kind regards,

Dear Sir, A company held shares of another company as investment. company sold those shares and earn profit. Does the profit earned from these shares shall be included while computing profit for the purpose of CSR and why. can it be termed as capital profit. please guide. Kind regards,

Can CS of the Company attend separate meeting of the Independent Directors (as required under Sch. IV of CA, 2013)? Thanks

If a trust is registered u/s 12A of the Income Tax Act, that is engaged in providing mid-day meals; whether donation to such trust is covered under the activity specified in Schedule VII????