Dear All,
With reference to the subject cited above, can someone in this group interpret the below provision of the rule.
Rule 5(2) of Nidhi Rules, 2014.
"(2) Within ninety days from the close of the first financial year after its incorporation and where applicable, the second financial year, Nidhi shall file a return of statutory compliances in Form NDH-1 along with such fee as provided in Companies (Registration Offices and Fees) Rules, 2014 with the Registrar duly certified by a company secretary in practice or a chartered accountant in practice or a cost accountant in practice."
My Understanding is : nidhi shall file statutory compliance in form NDH-1:-
Within ninety days from the close of the first financial year after its incorporation- This pertains to those companies incorporated after the said rule come into effect i.e. 2014.
where applicable, the second financial year,- This pertains to those companies incorporated prior to the said rule came into effect.
Is my understanding correct? if not, feel free to comment your interpretation accordingly
rules
nidhi
rule
interpretation
Dear All,
With reference to the subject cited above, can someone in this group interpret the below provision of the rule.
Rule 5(2) of Nidhi Rules, 2014.
"(2) Within ninety days from the close of the first financial year after its incorporation and where applicable, the second financial year, Nidhi shall file a return of statutory compliances in Form NDH-1 along with such fee as provided in Companies (Registration Offices and Fees) Rules, 2014 with the Registrar duly certified by a company secretary in practice or a chartered accountant in practice or a cost accountant in practice."
My Understanding is : nidhi shall file statutory compliance in form NDH-1:-
Within ninety days from the close of the first financial year after its incorporation- This pertains to those companies incorporated after the said rule come into effect i.e. 2014.
where applicable, the second financial year,- This pertains to those companies incorporated prior to the said rule came into effect.
Is my understanding correct? if not, feel free to comment your interpretation accordingly
rules
nidhi
rule
interpretation
As per the provision of the section 184(2) of the Companies Act'2013,
[(2) Every director of a company who is in any way, whether directly or indirectly, concerned or interested in a contract or arrangement or proposed contract or arrangement entered into or to be entered into—
(b) with a firm or other entity in which, such director is a partner, owner or member, as the case may be,
shall disclose the nature of his concern or interest at the meeting of the Board in which the contract or arrangement is discussed and shall not participate in such meeting:
Now my question is that ABC Pvt. Ltd. is a Company in which "D" is a Director and another there is Proprietorship Firm i.e. M/s XYZ runned by Mrs. "R" who is the wife of Mr "D".
Now Company ABC Pvt. Ltd. did a Transaction with Proprietorship Firm is M/s XYZ.
Now it is clear case of Related Party Transaction because Mrs. R is a wife of Mr. D.
Now my question is
(a) whether Mr. D who is the Director of ABC Pvt. Ltd is an Interested Director due to this transaction? if yes how and why?
(b) Whether any interest of Mr. D in this Transaction.? if yes how and why?
please reply in detail with references.
director
interested
determination
Is disclosure of general interest by directors necessary for private companies under companies act 2013?
should we take the written notice from the director/s and place it before the board meeting
any relaxation is this regard for Private Cos?
Pl share your views
directors
interest
general
disclosure
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
May I request eminent members to please share and reply with their thoughts on the below points, Where A and B both are private companies (with 2 director common on board) and belongs to same group -
a) Loan from A to B will be approved by SR.
b) Loan Agreement between A and B
c) Filing of MGT 14 by A for SR.
Please suggest way forward and what steps/ documents are required for this purpose. What else is required for this transaction
Dear All,
May I request eminent members to please share and reply with their thoughts on the below points, Where A and B both are private companies (with 2 directors common on board) and belongs to same group -
a) Loan from A to B will be approved by SR.
b) Loan Agreement between A and B
c) Filing of MGT 14 by A for SR.
Please suggest way forward and what steps/ documents are required for this purpose. What else is required for this transaction
Please share appropriate documents in this regard.
Dear All,
May I request eminent members to please share and reply with their thoughts on the below points, Where A and B both are private companies (with 2 director common on board) and belongs to same group -
a) Loan from A to B will be approved by SR.
b) Loan Agreement between A and B
c) Filing of MGT 14 by A for SR.
Please suggest way forward and what steps/ documents are required for this purpose. What else is required for this transaction
Please share appropriate documents in this regard.
my company wants to declare interim dividend during end of this may .
1st of all i should consider this an interim dividend for FY 2019-20,
2nd shall there be DDT applicable on the same ?! as it is being declared now that "W.e.f., Assessment Year 2021-22, the domestic company isn’t required to pay dividend distribution tax on any amount declared, distributed or paid by such company by way of dividend."
does this mean that interim dividend declared for FY 2019-20 in may 2020 should not be treated as dividend for FY 2019-20 but instead dividend declared and paid in FY 2020-21 and DDT becomes not applicable. and should i take this dividend up in AGM for FY 2019-20 or FY 2020-21 as final dividend..
dividend
interim
distribution
Dear members
for filing the BEN 2 relating to " change in significant beneficial interest" then whether we have to fill only the changes in the shareholding or we have to give the complete data as we had given in the BEN 2 filed originally i.e. "for declaration of Significant Beneficial Ownership under Section 90".
pls confirm.
interest
beneficial
significant
change
relating
can u pls share the draft BM agenda for declaring of interim dividend.
Dear friends
Can you please share the draft BM agenda for declaring of interim dividend.
Thanks in advance
