Dear all,
Can any body share Board resolution format for adoption of accounts of wholly owned foreign subsidy as per new companies act for filing APR to AD
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Dear all,
If an order passed against a private company by income tax department and demanded certain amount which is shown outstanding for the
AY 2011-12 to 2016- 17.
Do we need to disclose it in the board report of company under significant order by tribunal.
Dear Colleagues,
Is it necessary to pass a board resolution for payment of salary to a director of private company. The director is on the payroll of the Company and he is executive director. According to my opinion the sections relating to managerial remuneration are applicable to public companies and private companies. So there is no need to pass a resolution for payment of salary to executive director of private company.
Dear Members,
Please advise how to rectify this issue:
Days gap between 2 board meetings exceeded 120 days in a Private Limited Company
and detail of dates of board meetings is already filed in director's report in Form AOC-4.
Dear Colleagues,
Request to accord views on below mentioned query :
X Company is required to give an affidavit and it is mentioned that the affidavit is required to be given vide board resolution no.
The question that arose is whether the resolution no. is same as item no. OR both are different altogether ?
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In a case like yours, the Date of AGM will be decided at the Board Meeting to be held on, say, 30.09.2020 at 10.00 AM at which, inter alia, the Day and Date (say, Wednesday, 30.09.2020) and Time (say, 04.00 PM) of the AGM to be convened at a shorter Notice would also be decided. The Financial Statements would be circulated through E-mail immediately on their Approval to be accorded at the said Board Meeting. Circular of MCA dated 21.07.2015 warrants convening of AGM at a shorter Notice as well as the circulation of the Financial Statements at a shorter Notice.
Provisions of section 101 of the Companies Act, 2013 pertaining to convening of AGM at a shorter Notice should be complied with, including Written / Digitised Consent of 95 % of Members entitled to Vote at the AGM. For GMs other than an AGM, condition of Consent of Members is Amended vide Companies (Amendment) Act, 2017 wef 09.02.2018.
The word “shorter” is not defined under the Companies Act, 2013 which may give the benefit of doubt in favour of the Board of Directors of the concerned Company. In terms of section 101, an AGM may be convened at a Notice period of less than clear 21 Days. Section 101 1st Proviso does not stipulate any Threshold Notice period of either Minimum No. of Days or Minimum No. of Hours. So, a shorter Notice may be of even a couple of Hours, too.
In the concurrent Electronic era, communication at the lightning speed is possible which may make happen the situation envisaged vide the Trailing E-mail.
One should not plan such a situation, though can be taken care of, if it is inevitable.
The above views may sound aggressive, but that is how the Professionals help develop or re-develop the Law under the direction and guidance of the Judiciary.
Please share the format of “Director's Report” for Private Limited Company
Click here to view / answer Share it onWhat will be the Contents of Board’s Report under Companies Act, 2013 and SEBI (LODR), 2015
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Board Resolution specifically approving the submission of the application and its contents and authorising signatory.
Board Resolution to the effect that the company has not accepted any public deposit, in the past (specify period)/does not hold any public deposit as on the date and will not accept the same in future without the prior approval of Reserve Bank of India in writing.
Board resolution stating that the company is not carrying on any NBFC activity/stopped NBFC activity and will not carry on/commence the same before getting registration from RBI.
Certified copy of Board resolution for formulation of “Fair Practices Code”
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Dear Members
Please advise
Can CFO sign the Board resolution, if he is authorized by the Board of Directors?
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Dear Members,
Can anyone please confirm whether Weblink of annual return has to be provided in the boards report or not, if the private company having website doing actively online business, even if i am attaching MGT-9 with the boards report.
Dear Members,
If company having 2 directors, registered office in Bangalore, one directors is out the of country till October, how to conduct board meeting for accounts approval?
any suggestions?
Thanks and Regards,
ACS Punam Rajak,
