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.
Has anyone carried out the process of issue of debentures in the private company?
Can anyone please provide the checklist along with the format of documents required to get ready for the above purpose?
Waiting for all your guidance and response.
Thanks in advance
I want the clarification pertaining to the applicability proxy form incase of private companies.
Please clarify it's urgent.
IS IT NECESSARY TO INCLUDE ANY KEY AUDIT MATTER IN THE AUDITOR REPORT WHICH IS NEW FORMAT FOR 2019.
IN CASE OF SMALL PRIVATE COMPANIES (SAY 1 LAKH CAPITAL AND 3 LAKHS TURNOVER ), AUDITORS HAVE NOTHING TO SAY MUCH ABOUT AUDIT
Query is as related Party is being defined in the CA,2013(attached) can a Private Limited Company Put its own Clause in the AOA pertaining to Related Parties ' like Shareholders, directors (excluding Nominee Director), key employees earning more than 500000 per month ?
As per section 2(76) of Companies Act, 2013 the term Related party transaction means-
Related party with reference to a company means-
A director or his relative
A key managerial personnel or his relative
A firm, in which a director, manager or his relative is a partner
A private company in which a director or manager is a member or director
A public company in which a director or manager is a director or holds along with his relative more than 2% of his paid up share capital
Anybody corporate whose board of directors, managing director or manager is accustomed to act In accordance with the advice, directions or instructions of a director or manager
Any person on whose advice, directions or instructions a director or manager is accustomed to act: provided that nothing in sub-clauses (vi) and (vii) shall apply to advice, directions or instructions given in professional capacity
Any company which, is
A holding, subsidiary or an associate company of such company
A subsidiary of a holding company to which it is also a subsidiary
A director or key managerial personnel of the holding, subsidiary or associate company of such company or his relative
Any person appointed in senior management in the company or its holding, subsidiary or associate company i.e. personnel of the company or its holding, subsidiary or associate company who are core management team excluding board of directors comprising all members of management one level below the executive directors, including functional heads.
I would like to request the members to kindly provide the clarification pertaining to the below mentioned query:
If the Statutory auditors appointed in 2017 for a period of 5 years, do we have to pass the board resolution for their re-appointment into minutes of the meeting every year.
Please clarify with the help of respective section, sub-section, rules, etc pertaining to the same.
Waiting for the response.
Thanks and Regards,
If the independent director is appointed in a listed company do we need to submit any information pertaining to insider trading ? ThanksClick here to view / answer Share it on
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