Hello Professionals!!
As per section 164(2)(a), no person who is or has been a director of a
company which has not filed financial statements or annual returns for any continuous period of three financial years shall be eligible to be re-appointed as a director of that company or appointed in other company for a period of five years from the date on which the said company fails to do so. Under the 1956 Act, such disqualification was with respect to non-filing of annual accounts or annual returns of a public company. In case, all the directors disqualify, how the company would function. Some time period needs to be given to regularize the default.
Hello everyone,
What is the tenure of Interim Resolution Professional so appointed under Insolvency and Bankruptcy Code 2016?
appointed
professional
resolution
interim
tenure
Hello all,
Can an alternate Director be appointed in place of the Managing Director if he has gone outside India for more than 3 months?
Dear All,
A is having an active DIN and is approached to become a director in a non compliant co(in default of filing annual accounts and AR for many years) should he accept. What will be the impact on his DIN. Can he file DIR-3 KYC for the subsequent years when due and can he be appointed a Director in a compliant company while a director in a non compliant company.
Dear All,
A person is KMP in a holding company, is he eligible to be appointed in all subsidiaries of holding company?
subsidiaries
appointed
holding
whether
Hello,
appointment of Company Secretary under section 2(24) is required for Section 8 Companies?
Hello,
Is CS required to be appointed under Section 8 Company as per Companies Act 2013 ?
Dear Group members,
One of our clients was not appointed Auditor in last AGM and also the same point mentioned in directors report for the particular financial and it has been approved in the board of directors meeting to be not appointing of the auditor.
Unfortunately, the company closure process has not yet been done, so we need to file Annual returns for this year, howbeit Auditor was not appointed and the previous auditor has not filed ADT-3.
what is the process to appoint an auditor now?
On which basis Company has to appoint an auditor for this financial Year,
Dear Group members,
One of our clients was not appointed Auditor in last AGM and also the same point mentioned in directors report for the particular financial and it has been approved in the board of directors meeting to be not appointing of the auditor.
Unfortunately, the company closure process has not yet been done, so we need to file Annual returns for this year, howbeit Auditor was not appointed and the previous auditor has not filed ADT-3.
what is the process to appoint an auditor now?
On which basis Company has to appoint an auditor for this financial Year,
Friends,
In a Pvt Ltd Company only 2 directors were on board and one director died so Pl confirm within how many days another director needs to be appointed to comply criteria of minimum 2 directors on board.
Dear Members,
Under Companies Act, 2013, the appointment of a nominee director is made in accordance with section 161(3) .
A nominee director is “nominated” by a nominator. The nominator has all the rights with respect to appointment, removal, resignation or cessation and the terms and conditions of appointment form part of a long term agreement or a shareholders’ agreement entered into with the investee company.
My query is an alternate director can be appointed as nominee director?
Dear Professional Colleagues,
Earlier threshold of paid capital for appointment of full time company secretary was INR 5 Crore which was revised to Rs. 10 crore or more from 1st April, 2020.
Company was not complied with the provisions for full time CS hence INC-22A was not filed by it. Its paid up capital is 5.5 crore.
But now its paid up capital is less than threshold (ie. 10 crores), would it be able to file INC 22A without appointing whole- time company secretary.
requirement
statutory
appointed
filing
