Company Secretaries and Corporate Professionals

                                 Section 295 - Loans to directors:- (1) Save as otherwise provided in sub- section (2), no company (hereinafter in this section referred to as" the lending company") 1[ without obtaining the previous approval of the Central Government in that behalf shall directly or indirectly,] make any loan to, or give any guarantee or provide any security in connection with a loan made by any other person to, or to any other person by:- (a) any director of the lending company or of a company which is its holding company or any partner or relative of any such director; 1. Subs. by Act 65 of 1960, s. 102, for certain words. (b) any firm in which any such director or relative is a partner; (c) any private company of which any such director is a director or member; (d) any body corporate at a general meeting of which not less than twenty- five per cent. of the total v...

Section 274 - Disqualifications of directors. (1) A person shall not be capable of being appointed director of a company, if:- (a) he has been found to be of unsound mind by a Court of competent jurisdiction and the finding is in force; (b) he is an undischarged insolvent; (c) he has applied to be adjudicated as an insolvent and his application is pending; (d) he has been convicted by a Court 2[ of any offence involving moral turpitude and sentenced in respect thereof to imprisonment for not less than six months, and a period of five years has not elapsed from the date of expiry of the sentence: (e) he has not paid any call in respect of shares of the company held by him, whether alone or jointly with others, and six months have elapsed from the last day fixed for the payment of the call; or (f) an order disqualifying him for appointment as director has been passed by a Court in pursuance of section 203 and is in force, unless the leave of the Court has been ob...

Section 301- Register of contracts, companies and firms in which directors are interested. (1) Every company shall keep one or more registers in which shall be entered separately particulars of all contracts or arrangements to which section 297 or section 299 applies, including the following particulars to the extent they are applicable in each case, namely:- (a) the date of the contract or arrangement; (b) the names of the parties thereto; (c) the principal terms and conditions thereof; (d) in the case of a contract to which section 297 applies or in the case of a contract or arrangement to which sub- section (2) of section 299 applies, the date on which it was placed before the Board; (e) the names of the directors voting for and against the contract or arrangement and the names of those remaining neutral. (2) Particulars of every such contract or arrangement to which section 297 or, as the case may be, sub- section (2) of section 299 applies, shall be entered in ...

Companies (Disqualification of Directors under section 274(1)(g) of the Companies Act, 1956) Rules,2003 Intimation by Director [Pursuant to Section 274(1)(g) ] To, The Board of Directors,  ABC Limited ( Registered office address .) Sub: - Declaration under Section 274(1) (g) of the Companies Act,1956 Dear Sir (s), I, X  Son of  Y resident of --------------  being the Director of the Company, do hereby declare that I do not attract any disqualification under Section 274(1) (g) of the Companies Act,1956, as I am not on the Board of any Public Company which has defaulted in: 1)         Filing of Annual Accounts and Annual Return for any continuous three financial year   commencing on and after the first day of April, 1999 ; or 2)         (a) Repayment of deposits or interest thereon on due date; or  ...

FORM NO. 24-AA THE COMPANIES ACT, 1956 NOTICE BY THE INTERESTED DIRECTORS (Pursuant to Section 299) The Board of Directors, ABC  Pvt. Ltd. Address of registered office of the Company.  I, X ( Director) son of  Y resident of  ---------, holding  ------  Equity/Preference  Shares   in the Company in my name, hereby give notice for the financial year 2012-13,  that I am interested directly / through my relative(s) in the following companies: - S. No. Name of Companies / Firms Nature of interest i.e. directly or indirectly as member / director / partner / sole proprietor 1. Asha Marketings  Pvt. Ltd Director 2. Raja Auto Components Ltd. Director 3. High Realtech Pvt. Ltd Indirectly Interested (Wife being Director)  4. --------------- Pvt. Ltd. Director 5. ------------- Pvt. Ltd...