Hello Professionals,
Can anyone pls let me know outstanding to be considered in case of a company which follows F.Y. as Jan to Dec.?
Whether is it as on 31st December or 31st March?
And for this companies Balance sheet figures is to be given is December ended or March ended?
Dear Members,
One of Private limited company Exceed threshold limit of borrowings from financial institutions rupees fifty crores as on 31.03.2020. And auditor is appointed since 2006 and last year re-appointed for next 5 years up to 2024.
My query is that 1. We need to change the auditor now or we can continue with same auditor up to 2024. ?
if a pvt co. contravenes sec 149(3) then whether sec 179 applies or sec 450 will apply.
companies
contravenes
Can anyone share the draft please.
It appears form the documents attached with e-form that the company has not complied with the provisions of section 12(3) (c) of companies Act, 2013, please explain, why not action under section 454 may be initiated for violation of section 12(3) (c) of the Companies Act, 2013 may be initiated.
The defects or incompleteness in any respect in this eForm as noticed by the Registrar have been placed on the Ministry website (www.mca.gov.in). In view of the above, you are therefore, directed that this eForm should be resubmitted complete in all respects by 02/09/2020 failing which the eForm shall be treated as invalid and shall
not be taken on record or transaction shall be cancelled.
Hi Friends,
Is section 186(2) applicable to private companies after - Notification Date 4th January, 2017.
Can a private company making investment in other company need to pass special resolution
companies
private
section
applicability
Section 185 puts restriction on company with regards to Loan to Directors, etc. MCA vide Notification dated 5th June, 2015, exempted private companies from section 185 subject to fulfillment of 3 conditions.
Further, Section 185 is replaced by new provision as per Companies Amendment Act, 2017. Now my question is, whether the exemption notification dated 5th June, 2015 is still applicable to Private Companies or not?
Dear Friends,
Section 185 puts restriction on company with regards to Loan to Directors, etc. MCA vide Notification dated 5th June, 2015, exempted private companies from section 185 subject to fulfilment of 3 conditions.
Further, Section 185 is replaced by new provision as per Companies Amendment Act, 2017. Now my question is, whether the exemption notification dated 5th June, 2015 is still applicable to Private Companies or not?
Unable to interpret and understand difference in 52(2) and 52(3) of Companies Act,2013. Please share your views on the same
act2013
companies
section
interpretation
Hi All,
Pls share draft attachments needs to be filed with Form MSC 3.
As we all know Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014, has been amended by MCA wide notification dated 3rd January, 2020.
I need a clarification on the below explanation provided in Rule 9(1), it says;
“Explanation :- For the purposes of this sub-rule, it is hereby clarified that the paid up share capital, turnover, or outstanding loans or borrowings as the case may be, existing on the last date of latest audited financial statement shall be taken into account.”.
What is meant by existing on the last date of latest audited financial statement shall be taken into account.
personnel
rules
managerial
remuneration
rule
companies
appointment
query
This has reference to The Companies (Amendment) Act, 2019 promulgated on July 31, 2019. Section 7 of The Companies (Amendment) Act, 2019 is amended to require as following:
“(1A) In case of such class or classes of unlisted companies as may be prescribed, the securities shall be held or transferred only in dematerialised form in the manner laid down in the Depositories Act, 1996 and the regulations made thereunder.”.
Can anyone help if UNLISTED PRIVATE COMPANY needs to get its shares DEMAT is mandate in above section ?
