Does anybody has 4-5 years old section 8 microfinance company
State can be Delhi, Haryana or Rajasthan
Name must include "Microfinance"
The company is foreign subsidiary and wants to alter its MOA.
The nominee Director who is a subscriber to MOA on behalf of foreign company, is an NRI.
Is it mandatory to get the altered MOA Apostle?
Will the FEMA Provisions get violated if the Company is registered as NBFC? pl guide
We have planned to distribute educational equipment to underprivileged students studying in various levels.
The equipment purchase including GST ?
How do we treat the CST Contribution for Compliance ?
1. Purchase materials including GST and should not claim GST input
Ex:- CST Contribution is Rs. 1 Lakh
purchase material worth Rs. 1 Lakh (including GST 18,000/-)
2. Purchase the materials to the extent of Rs. 1 Lakh and pay GST 18% GST and total payout Rs. 1,18,000/-
Payout Rs. 1,18,000/- and claim 18,000/- the input tax credit ?
Which is the best practice of compliance ??
I have Incorporated a new Company and I am in the Process to Open a Bank Account with HDFC BUT Bank Asking Minimum 25000 to Open a Bank Account but my Total Paid up Capital Itself is Rs. 5000 Only.
Can Director Deposit More than Actual Payable or how to Sort out this Issue Because when Filling Form 20 a Bank Statement is Required.
Please Help me in this Regard
Please anyone share rate of stamp duty for share certificate in Kolkata, West Bengal.
Can anyone help me with the name approval of section 8 microfinance? Objection raised by CRC due to small finance objects.
Plz share ur experience regarding LLP 3 approvals.... Generally what time ROC takes for approval. Because I filed LLP 3 for changing object of LLP at 10 days ago..and I haven't received any response from ROC yet. On MCA it's showing Pending for approval.
Compliance Calendar LLP is Recognised as Startup by DIPP Under Ministry of Commerce & Industry, Government of India
Producer Companies are governed by the Companies Act, 2013 and the rules made thereunder. The appointment of an auditor in a Producer Company is governed by Section 139 of the Companies Act, 2013 and the Companies (Audit and Auditors) Rules, 2014.
The following are the steps for the appointment of an auditor in a Producer Company:
First Auditor: The first auditor of the Producer Company is appointed by the Board of Directors within 60 days from the date of incorporation of the company. The first auditor holds office until the conclusion of the first Annual General Meeting (AGM).
Subsequent Auditor: Subsequent auditors of the Producer Company are appointed by the members of the company at the AGM. The appointment is made for a period of five years, and the auditor holds office until the conclusion of the fifth AGM.
Eligibility Criteria: The auditor appointed must be a Chartered Accountant or a firm of Chartered Accountants. The auditor or the firm should not be disqualified from appointment under Section 141 of the Companies Act, 2013.
Filing with ROC: The appointment of an auditor in a Producer Company must be filed with the Registrar of Companies (ROC) within 15 days of the AGM.
Consent Letter: The appointed auditor must submit a written consent letter to the Producer Company before the appointment.
Rotation of Auditors: As per the Companies Act, 2013, auditors of a Producer Company are required to rotate every five years. After completion of the five-year term, the auditor or the audit firm cannot be re-appointed as the auditor of the same Producer Company for a period of five years.
In summary, the appointment of an auditor in a Producer Company requires compliance with Section 139 of the Companies Act, 2013 and the Companies (Audit and Auditors) Rules, 2014. The first auditor is appointed by the Board of Directors, and subsequent auditors are appointed by the members at the AGM. The auditor appointed must be a Chartered Accountant or a firm of Chartered Accountants and must not be disqualified under Section 141 of the Companies Act, 2013. The appointment must be filed with the ROC, and the auditor must submit a consent letter before the appointment. Finally, auditors are required to rotate every five years.