Dear professional colleagues
Financial statement signed by CA on 15.02.2021 how can we adopt the same in AGM held on 31.12.2020.
Section 129 A- Specified unlisted entities to prepare and file periodical financial statements Amendments related to Chapter IX and X
How this will work ?
statements
financial
periodical
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prepare
Dear Group Members,
Kindly share us the latest boards report after incorporating the changes needed for the financial year 2019-20
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Thanks & Regards,
Dear Members ,
Solicit your advise to the query
Query what shall be the date of signing the Financial Statements, Board report and Auditor Report in the below scenario following :
1. Date of BM through video conferencing - 06 August 2020
2. One Director in Chennai and other Director in singapore
2. Auditors are in chennai
Dear Group Members,
Kindly share us the latest boards report after incorporating the changes needed for the financial year 2019-20
--
Thanks & Regards,
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?
Hello Friends !
Has anyone filed provisional un-adopted financial statements?
Kindly guide do we need to attach Board Report in AOC-4 for the same or anyone having draft documents, please share the same.
statements
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As per Rule 6 of Companies (Accounts) Rules:
The consolidation of financial statements of the company shall be made in accordance with the provisions of Schedule III of the Act and the applicable accounting standards:
Provided that in case of a company covered under sub-section (3) of section 129 which is not required to prepare consolidated financial statements under the Accounting Standards, it shall be sufficient if the company complies with provisions on consolidated financial statements provided in Schedule III of the Act.
3[“Provided further that nothing in this rule shall apply in respect of preparation of consolidated financial statements by a company if it meets the following conditions:-
(i) it is a wholly-owned subsidiary, or is a partially-owned subsidiary of another company and all its other members, including those not otherwise entitled to vote, having been intimated in writing and for which the proof of delivery of such intimation is available with the company, do not object to the company not presenting consolidated financial statements;
(ii) it is a company whose securities are not listed or are not in the process of listing on any stock exchange, whether in India or outside India; and
(iii) its ultimate or any intermediate holding company files consolidated financial statements with the Registrar which are in compliance with the applicable Accounting Standards.”]
Provided also that nothing contained in this rule shall. subject to any other law or regulation, apply for the financial year commencing from the 1st day of April, 2014 and ending on the 31st March, 2015, in case of a company which does not have a subsidiary or subsidiaries but has one or more associate companies or Joint ventures or both, for the consolidation of financial statement in respect of associate companies or joint ventures or both, as the case may be.
2["Provided also that nothing in this rule shall apply in respect of consolidation of financial statement by a company having subsidiary or subsidiaries incorporated outside India only for the financial year commencing on or after 1" April, 2014."]
As per second proviso, clause (ii), consolidation is not applicable in case of a company whose securities are not listed or are not in the process of listing on any stock exchange, whether in India or outside India.
Please clarify on this.
statements
financial
consolidation
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?
We have filed RD - 1 for change of financial year on 23rd June, 2020 but it is still pending from ROC .
Kindly guide if any one has changed or handled the same before.
Hello,
In one Private Limited company, there are two Directors one is in Delhi and one Director is out of India, and Company Secretary is at Mumbai operating from his house, Registered office in Mumbai.
Now the company is holding Board Meeting through VC for approval of Financials and Board Report so what will be place of meeting.
And The DSC is to be used by the company for the signing of Board Report and for Financials so being a director is out of India can his dsc used in India as DSC is at Registered office of the Company..
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Dear All,
Is it ok if financial statements and directors report of a company are digitally signed? Is there any provision or rule that mandatorily requires physical signature on the financial statements and directors report? Please share your views on the same.
statements
financial
