Dear All,
As per MCA General Circular No. 37/2020 , If a statement of account and solvency for the financial year 2019-2020 has been signed beyond the period of six months from the end of financial year but not later than 30th November, 2020, the same shall not be deemed as non-compliance.
Can anyone pls confirm what is the meaning of signing of statement of account and solvency? Is it applicable to the LLP s where Audit is not mandatory?
Dear Members,
Pl advise as per below attached whether the dates I have entered is correct. If not kindly advise what dates to be mentioned. The previous AGM was held on 23rd September 2019.
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Dear Members ,
Kindly let me know the effective date of original LLP agreement i.e whether the date of entering the agreement or date on which ROC approves the agreement .
Dear Team,
As MCA has given relaxation for holding AGM till 31/12/2020
so if we show AGM ON 31/12/2020 So last date of filing form WITHOUT LATE FEES WILL BE
Can board fix the benpose date before the Board meeting where Agm Notice is being approved?
Click here to view / answer Share it onDear Members ,
Kindly let me know the effective date of original LLP agreement i.e whether the date of entering the agreement or date on which ROC approves the agreement .
Hell group members , In eform spice+Part B when I give particulars of individual's first subscribers cum directors and and use button Save and continue I consistently receive a massage save all section's data and then continue. Plz guide me how to overcome this problem.
cs ajay sahay
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For your information I like to add that section 96 says that from the 2nd AGM of a company it has to be conducted within 6 months of a closing of a financial year which is 30.09.2020.
Secondly, the GAP between 2 AGM shall not be more than 15 months. example: where a company holds it;s AGM on 1st june in previous Year then in the current year the due date of AGM will not be 30th September. Here the date will be 1st September. As per act the last date should have been 30/09 but the act also says that the GAP between 2 AGM shall not be more than 15 months. In this case if we hold the AGM as on 30th September it will be a contravention of 15 month, cause 15 months will lapse on 1st september.
In addition to it ROC has given an extension of 3 MONTHS which means in the above example we will get additional 3 months i.e. till 1st November.
Now talking about your case:
Last AGM held on 27/05/2019,now if you think the last date of AGM without extension is 30/09/2020 then it is a contravention of section 96 which says that the GAP between 2 AGM shall not be more than 15 months. If you conduct your AGM by considering extension then the last date to conduct AGM will be as follows:
15 month from last AGM : 27/08/2020
+ Extension by ROC: 3 MONTHS
Last date of AGM: 27/11/2020.
Please Note: All those Companies who had conducted their last AGM on 30/06/2019 or later had to conduct their AGM this year by 30/09/2020 and now the date is 31/12/2020 after considering the extension by respective ROC's. And for rest who had conducted their AGM before that has to calculate dates as per example given above. i.e. If the last AGM held on 29/06/2019 then thel last date of current AGM with extension will be 30/12/2020 not 31/12/2020.
I hope you understand now.
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As per my opinion -
1. 6 months from end of FY - 30.09.2020
2. 15 months from previous AGM - 19.08.2020.
So due date is 19.08.2020 because earlier from the two dates stated above.
So ROC extended due date by 3 months, So extended due date for 2019-20 will be 19.11.2020.
Members please give your views on above example.
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Dear Friends,
Last Year's date of AGM is 25.07.2019. What is the maximum time limit for conduct the AGM in current year and what is the due date of AGM
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Dear Professional Colleagues,
If we receive the Balance sheet of the financial year 2012-2013 to 2018-2019 signed by Auditor and Directors after 20/09/2020, then how should we proceed further for the date of AGM and Annual filing from the financial year 2012-2013 to 2018-2019?
Moreover, which all sections will be violated ?
Dear Rishi,
Your cost auditor is right.
But you can plan both incidences (Draft report approval and adoption of the report) in the same meeting to avoid one more Board Meeting.
