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?
Name Change of existing company-for name and objects change, our new objects reflect finance and investing activity, is a declaration enough in a run that we will apply for approval from relevant authority? or it's mandatory to get prior approval.
Can anyone share the format of the same?
We did attach a declaration but got rejected for both name and objects.
