"Shall not apply to a private company:-
(i) which is a one person company or a small company; or
(ii) which has turnover less than rupees fifty crores as per latest audited financial statement or which has aggregate borrowings from banks or financial institutions or any body corporate at any point of time during the financial year less than rupees twenty five crore.”.
With reference to Notification No. G.S.R. 583 (E) dated 13.06.2017, which granted exemptions to private companies, there is a query regarding the inclusion of specific types of borrowings.
Specifically, the question is whether secured car loans from banks and unsecured debentures from body corporates should be included in the calculation or not. Could you kindly provide clarification on whether these types of borrowings are considered for the exemption?
through
notification
dated
companies
limited
were
provided
private
exemptions
Are there any exemptions or relaxations provided under the Companies Act 2013 for small or startups companies regarding loans and borrowings?
companies
regarding
loans
borrowings
startups
provided
under
relaxations
small
Hi All
I am a director of the company and can I as a director escape from liability if no specific penalty or punishment is provided for contravention of provisions of the Act?
provided
punishment
specific
liability
This is to inform you that the eform IEPF-5 submitted on the MCA portal in respect of XXXXXXXXXX XXXXX XXXXXX XXXXX vide SRN
FXXXXXXXX dated 08/07/2022 has been REJECTED.
Please confirm what to do ?
What shall be implications or consequences if in financial statements of companies depreciation data is not provided as per Companies Act, 2013.
companies
provided
data
depreciation
The words “unless otherwise provided in the Articles” appearing in paragraph 1.1.1 of SS-1 suggest that a company may have in its Articles, a provision that is stricter than what is stated in this paragraph of SS-1.
In such cases, that provision in the Articles should be complied with ?
As per the Secretarial Standards, a general meeting convened upon due notice shall not be cancelled or postponed. If the Article of company authorise the board or the Chairman to postpone a meeting already convened then subject to the provisions in the Articles, there must exist some exigencies warranting postponement of meeting. If postponement is unavoidable, the decision to postpone the meeting must be taken by a resolution of the board and the members must be informed by individual notices and also by adequate public advertisement in the newspaper.
What facilities should be provided through VC or OAVM?
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through
provided
should
facilities
Is there any prescribed Qualification provided for appointment of CFO (Chief Financial Officer) and CEO (Chief Executive Officer) u/s. 203 of the Co. Act. 2013
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chief
executive
provided
financial
qualification
appointment
