I am inquiring about the potential purchase of loss-making companies that are currently in the process of liquidation or undergoing proceedings with the NCLT for winding up.
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In the case of a listed company where the profit & loss statement reflects a loss for FY 2022-23, and the company intends to provide remuneration of Rs. 48 lakhs in FY 2023-24 with a paid-up capital of Rs. 4 crores:
1. If the option of Part II of Schedule V, Section II is chosen, is approval from members required?
2. Which financial year's profit should be considered for calculating Section 197?
Could someone please assist in resolving these queries?
We have to compulsorily round off the Figures in your financial statements.
for companies over 100 Crores, it is Lakhs, Millions, or Crores or 100 Crores
for companies below 100 crores, it is hundreds, thousands, lakhs or crores
But in case of loss what to do ?
If the company being wound up ,due to non filing of financial statement for consecutively 5 years. Does company is liable to pay compensation for loss of office to their directors?
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office
loss
compensation
In the event of a loss or inadequacy of profits during a financial year, can final dividend may be declared by the company ?
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Respected Members,
I need a format for newspaper publication of Loss of Certificate of Registration of a NBFC Company. If any one have such copy of Newspaper of Format kindly share.
Thank You
publication
newspaper
company
nbfc
loss
Is it mandatory to state the date of signing the balance sheet and p&l by auditor and director? If yes can you quote the provision.
Facing problem while preparing P&L account for the F&O Trader under tax audit. The turnover, in this case, is Profits + Losses + Premium on options if any. So if this is the turnover, then how to get to the net profit/loss in the P&L account? What will be the value taken for the purchase?
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In a LLP, the Partner's Capital / Contribution has become less than the original contribution on account of losses in year ended 31.3.2018 . In the Form 11, it was reported that original monetary contribution was fully received. In Form 8, should the Option 1) Contribution amount be shown as the reduced amount [on Page 2 (Part B- Statement of Accounts) of Form 8] OR Option 2) Contribution be shown as the original contribution amount, and the accumulated losses shown as negative amount in Reserves & Surplus, to maintain consistency in Form 11 and Form 8 In the approved accounts, the loss amount has been equally allocated to / reduced from the Partner's capital account. We were wondering if there a mismatch between contribution amount as per Form 8 and Form 11, in case option 1 as above, resulting in query from ROC. Request guidance from learned group members on appropriate reporting
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losses
event
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