Query on CSR
Posted By :
Sachin /
Published on :
10-May-2021 10:40 AM /
View :
569 /
Comment :
0
Hi Professionals,
I have the following queries on CSR.
Background:
ABC Pvt Ltd is a private company incorporated in India and is engaged in training farmers for growth of better quality cotton.
ABC Pvt Ltd also has a section 8 company (“ ABC Pvt Ltd affiliate”) in India as well, but it doesn’t have an 80G certificate under Income Tax Act, 1961.
ABC Pvt Ltd has a client company to whom CSR is applicable. The ABC Pvt Ltd client wants to carry out CSR through ABC Pvt Ltd or ABC Pvt Ltd affiliate.
Queries:
Can ABC Pvt Ltd's client carry out CSR through ABC Pvt Ltd (i.e. by transferring funds to ABC Pvt Ltd and asking them to utilize the funds towards CSR)?
If ABC Pvt Ltd's client cannot carry out CSR through ABC Pvt Ltd , then can said CSR be carried out through ABC Pvt Ltd affiliate (which doesn’t have the required certification under Income Tax Act, 1961)?
Any views? Do let me kno
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Posted By : Sachin /
Published on :
07-Dec-2022 06:08 AM /
View :
742 /
Comments : 2
Hi Everyone,
Will the following person is considered as a Related Party in a Private Company:
1. Private Trust who is a shareholder of the Pvt Company
2. Public Trust who is a shareholder of the Pvt Company
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Posted By : Sachin /
Published on :
07-Dec-2022 06:07 AM /
View :
574 /
Comments : 4
Dear All,
Kindly explain if the auditor of the company has resigned and if we have also appointed a new auditor in EGM and also has filed ADT-1, then
1. in next AGM, do we require to file ADT-1 again after ratification??
2. From where the tenure of 5 years shall start: from the year of EGM or from the year of AGM??
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Posted By : Sachin /
Published on :
07-Dec-2022 06:05 AM /
View :
821 /
Comments : 6
Dear all,
What are the consequences of not regularizing Additional Director in Annual General Meeting. What can be solution to get rid of additional fee?
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Posted By : Sachin /
Published on :
01-Dec-2022 04:41 AM /
View :
444 /
Comments : 0
Hi,
Company A is a Public Limited registered on 2019, with 7 share holders out of which 3 are promoters. As per the requirements the Company take ISIN and demated the shares of 4 share holders (promoters and directors). Further the company has increased capital and allotted new shares and added new shareholders too. The initial subscriber (3) shareholders holding less than 1% is not open demat account and not complied with the procedures even after follow-ups and they were not responding to companies communications. What are your thoughts? whether its a mis compliance if 100% shares are demated? Is there any ways available to forfeit that shares? Or to transfer to IEPF?
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Posted By : Sachin /
Published on :
29-Nov-2022 04:32 AM /
View :
448 /
Comments : 3
Dear Professionals,
Can anyone suggest me the documents for increase in capital contribution in LLP.
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Posted By : Sachin /
Published on :
29-Nov-2022 04:27 AM /
View :
384 /
Comments : 0
Dear Members,
The Number of Directors fall below 5 in producer co due to death of 1 director & company has appointed another due to this vacancy after 6 month is this amount noncompliance?
As per AOA the minimum requirement for director is 5.
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Posted By : Sachin /
Published on :
28-Nov-2022 07:12 AM /
View :
415 /
Comments : 0
Dear Professionals,
Being a PCS before affixing DSC of any Promoter on any Form under Companies Act. is it mandatory to take written Authority Letter for the same?
Thanks,
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Posted By : Sachin /
Published on :
28-Nov-2022 07:03 AM /
View :
485 /
Comments : 8
Dear Professionals,
Is DPT-3 Applicable on OPC Companies Also?
Thanks
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