Friends,
Kindly provide your valuable suggestion on below question
Initially Transactions are not deposits and become later on or fall in Deposit definition then what compliance need to made and how auditor should deal in Audit Report.
Example- Advances received from customers are not deposits till 364 days but fall in Deposit thereafter then how company will comply and steps need to taken. Further How Statutory Auditor should deal the same.
deposit
later
become
transaction
If Company has two director out of which one director is related and they wanted to enter into a related party transaction. Will it be possible. How they fulfill necessity of Quorum?
Click here to view / answer Share it ontransaction
party
related
Respected Sir / Madam,
A company, registered under ROC, Karnataka received Show cause Notice for non compliance of section 10A(1)(a) of Companies Act 2013 for non filing of form INC 20A within 180 days from the date of incorporation.
As mcacms site was not working properly, i sent the reply for the scn to roc.bangalore@mca.gov.in
They respond me by saying this : ""This is to inform that you may send a report to MCA with a copy to ROC.
Further you will be required to go for adjudication of penalty under section 454 of the Companies Act 2013 for delay in filing the e-form immediately.""
Please advice me what to do now. When i opened the mcacms site there is no option to submit response as per section 10A
Respected Sir / Madam,
A company, registered under ROC, Karnataka received Show cause Notice for non-compliance of section 10A(1)(a) of Companies Act 2013 for non-filing of form INC 20A within 180 days from the date of incorporation.
As mcacms site was not working properly, I sent the reply for the scn to roc.ba...@mca.gov.in
They respond me by saying this: "This is to inform that you may send a report to MCA with a copy to ROC.
Further you will be required to go for adjudication of penalty under section 454 of the Companies Act 2013 for delay in filing the e-form immediately.
Please advice me what to do now. When i opened the mcacms site there is no option to submit response as per section 10A
image.png
Please guide me. What to do and how to proceed for section 454 of CA 2013.
Thanks in advance.
Dear professional Experts,
We are in the process of strike off a private limited company which is incorporated at 8th May 2018 and not received any Subscription from Share holders and not commenced its business since from its incorporation.
Query : what is the treatment in Statement of account format when share capital money not received from share holder and not commenced its business? can i alter the format below and mention as below
Particulars Amount in Rupees
I Source of Funds
(1) Share capital 1,00,000
----
----
Total 1,00,000
II Application of Funds
---
---
(3) Due from the Shareholders 1,00,000
Total 1,00,000
or Instead of showing Due from share holder without altering the format of Statement of account can i show as 5) Miscellaneous expenditure to the extent not written off or adjusted -1,00,000
in Application of funds and tally the Statement of Account.
Which is correct method of showing in statement of Account in the case of Share capital money not received form Share holders and not commence the business of the company?
Please help to get out off from this confusion...
What is the Late Submission Fee (LSF) under FEMA?
Condoning Reporting Delays by LSF
fema
under
submission
late
Can a company file inc 22 for change of registered office one year ago using this scheme? The directors of the company were disqualified and the Din were activated last September through writ petition it seems.
Click here to view / answer Share it onWhat about the companies where the order is issued for belated filing of returns?
Click here to view / answer Share it onNo Late Fee for forms filed between 01.04.2020 and 30.09.2020: Announced by FM at PC Today:
Which forms of which period are covered by the said relaxation, though subject to Notification?
Dear members
If a unlisted public company gives its fixed deposit as collateral security to another body corporate pvt co. then whether sec 186 applicable and the company has to file Board resolution with MCA towards the same. .
security
collateral
regarding
Dear all,
As all of you are aware that CBIC in its special drive has started sending mails demanding interest for belated filling of 3B after passing an internal order no CBEC-20/16/07/2020-GST dated 10/02/2020 by Special Secretary,CBIC . One of our clients got such type of mail.We have given our submission citing provisions and case laws.In response to that submission honble superintendent revert following mail to us.I am sending that mail in toto to all of you for my information and knowledge that WHETHER A SPECIAL SECRETARY HAS GOT POWER TO SUPERSEDE HIGH COURT`S JUDGEMENT ??? Awaiting for your response. Dear Taxpayer, in response to your letter, this is for your kind information that the amendment what you have stated in your reply has not been notified by the Government till date. Section 50 of the CGST Act, 2017 is very clear in this regard. Hence, you claim of payment of interest on cash amount is not sustainable. Secondly, despite of judgement of Madras High Court, Special Secretary, CBIC superseding the Judgement of Madras High Court, vide D.O. letter dated 10.02.2020 has ordered to recovery the interest on Gross Tax and Gujrat High Court's interim stay order is not a final order. Therefore, you are again requested to deposit the interest amount failing which recovery proceeding under Sub-Section 12 of Section 75 of the CGST Act, 2017 will be initiated against you. Thanking you Yours faithfully (Nikhilesh Bhattacharyya ) Superintendent of Central Tax & Cx Range-IV: Junglepur CGST & CX Division
Dear Sir,
How to calculate Dividend that can paid depending upon financials whether anyone have excel sheet for calculation of Dividend payout or to find percentage of Dividend to be paid in compliance with Companies Act, 2013.
