Dear Members
Please Suggest me
Recently before 1 month, I have filed KYC of one director with fees of Rs. 5000/-
My query is whether we need to verify the DIN with KYC web by September 30, 2019.
Dear Members
Can LLP convert into Company. If yes then which Document is Required to be filled.
Please Suggest
Dear Members
Please Suggest me
Private Company took loan from its members and relative of members and company doesn't have fund to pay so they wanted to convert the loan to equity and after conversion Company wants to go for strike off.
Can that Company do the same or is there any restriction?
Dear Members
Kindly suggest what documents should we take for issuing duplicate share certificate to the shareholder residing in a foreign country where the share certificates as lost/misplaced by the shareholder.
Also, how the transfer deed will be executed if the transferor is residing in a foreign country and the transferee is an Indian resident.
Dear Members
Please Suggest me
Procedure for Transfer of Equity Shares and Non Convertible Debentures from Non-Resident to Non Resident and Also please tell whether we have to report to RBI or not?
resident debentures convertible shares transfer equity procedure
Dear Members
Please Suggest me
In case of Nidhi which is recently incorporated how much max loan can be given to members.
Dear Members
Please Suggest me
If company has been inoperative since may 2017 and done filing of balance sheet for the year 2017-18 in September 2018 can company file STK-2 in august 2019, as it is inoperative from last 2 years ànd has no bank account since March 2018?
Do company need to file balance sheet for 2018-19?
Dear Members
Please Suggest me
CSR Expense to be incurred at 2% of average net profits of the previous three years.
Now, if there is a loss in the one of out of the three previous financial year, then how to calculate average net profit.
(1) Whether to consider loss and disclose the calculation of it in Board Report?
(2) Whether to consider profits only of two years (not considering loss year) and divide it by three?
(3) Whether to consider profits only of two years (not considering loss year) and divide it by two?
Yes, as per the Companies (Corporate Social Responsibility Policy) Rules, 2014, it is mandatory for companies that fall under the criteria mentioned in Section 135 of the Companies Act, 2013 to display their Corporate Social Responsibility (CSR) Policy on their website. The Companies Act, 2013 mandates that every company with a net worth of Rs. 500 crore or more, or a turnover of Rs. 1000 crore or more, or a net profit of Rs. 5 crore or more during any financial year shall constitute a CSR Committee and spend at least 2% of the average net profits of the company made during the three immediately preceding financial years.
The CSR policy should include the following information:
Additionally, the CSR policy should be approved by the Board of Directors and disclosed in the Board's Report.
Furthermore, as per the Companies Act, 2013, the company is also required to make the details of the CSR activities undertaken during the year, the amount spent and unspent, and the reasons for such unspent amounts available on their website and in their Annual Report.
In summary, displaying the CSR policy on the company's website is mandatory for companies that meet the criteria mentioned in Section 135 of the Companies Act, 2013. Moreover, such companies are required to spend at least 2% of the average net profits of the company made during the three immediately preceding financial years on CSR activities and disclose the details of such activities on their website and in their Annual Report.