"Shall not apply to a private company:-
(i) which is a one person company or a small company; or
(ii) which has turnover less than rupees fifty crores as per latest audited financial statement or which has aggregate borrowings from banks or financial institutions or any body corporate at any point of time during the financial year less than rupees twenty five crore.”.
With reference to Notification No. G.S.R. 583 (E) dated 13.06.2017, which granted exemptions to private companies, there is a query regarding the inclusion of specific types of borrowings.
Specifically, the question is whether secured car loans from banks and unsecured debentures from body corporates should be included in the calculation or not. Could you kindly provide clarification on whether these types of borrowings are considered for the exemption?
through
notification
dated
companies
limited
were
provided
private
exemptions
Are there any exemptions or relaxations available from the application of Section 180?
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section
available
relaxations
exemptions
there
Hi Professionals!
Is there any relaxation for not constituting CSR Committee even when Section 135 is applicable to the Companny?
committee
constituting
exemption
Hi Folks!
What is the treatment for stamp duty issues, both in terms of original incorporation and conversion from other business structures? Would there be any stamp duty exemption in case of conversion?
conversion
case
duty
stamp
exemption
Hello Professionals!
Whether a supplier of goods or services supplying through ecommerce operator would be entitled to threshold exemption?
What are the Income Tax and GST Exemption for SEZ based Companies ?
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Dear Everyone!
Can a Section 8 Company can issue redeemable preference shares?
company
section
exemptions
Dear Members!
Whether a person acting in multiple capacities such as insurance agent, pension advisor, mutual fund distributor, etc. is exempted from obtaining registration under SEBI (IA Regulations), 2013 ?
regulations
under
registration
obtaining
exemption
Hello Members!
As per SEBI (Prohibition of Insider Trading) Regulations, 2015
If a spouse is financially independent and does not consult an insider while taking trading decisions, is that spouse exempted from the definition of ‘immediate relative’?
under 141 (1)(g) a person who is in full time employment elsewhere or a person or a partner of a firm holding appointment as its auditor, if such persons or partner is at the date of such appointment or reappointment holding appointment as auditor of more than twenty companies;
Note: In case of private company - in clause (g) of sub-section 3 after the words twenty companies”, the following words shall be inserted;
“other than one person companies, dormant companies, small companies and private companies having paid-up share capital less than one hundred crore rupee”- Notification dated 5th june, 2015
But 5th June Notification is only applicable if Company is in compliant of Section 134 & 92 related to ROC Filing Annually , therefore whats the consequences if Auditor appointed for 5 years and given Consent under section 141 but not able to find the applicability of Exemption on that specific Private co. ? Please someone who can understand my issue related to the Auditor appointment subject to Exemption on Private Company from the ambit of 20 co limit then please clear ...
MCA Exemption Notification 15.06.2015 not applicable if :
The exceptions, modifications and adaptations provided shall be applicable only to those Private Companies which has not committed a default in filing its financial statements under section 137 of the said act or annual return under section 92 of the said act with the registrar
As per Sec 122(3) of the Companies Act, 2013 any business which
is required to be transacted at AGM or other general meetings of OPC
by means of an ordinary or special resolution, it shall be sufficient if,
in case of OPC, the resolution is communicated by the member to the
company and entered in the minutes book and signed and dated by the
member and such date shall be deemed to be the date of the meeting
for all the purposes of the Companies Act, 2013.
Please confirm
resolutions
general
meetings
special
ordinary
exemption
pertaining
transaction
there
