Articles by CS Divesh Goyal

Process of Extension of AGM (Annual General Meeting)

CS Divesh Goyal 30 July 2021 at 11:27

Every company other than an OPC shall in each year, hold in addition to any other meetings, a general meeting as its annual general meeting within a period of six months, from the date of closing of the FY.

Holding of the AGM through Video Conferencing

CS Divesh Goyal 30 July 2021 at 11:27

To facilitate, the companies and businesses in India, MCA has allowed them to hold their Annual General Meeting by Video Conferencing or other audiovisual means amidst the COVID-19 crisis.

PAS-6: Reconciliation of Share Capital - Audit Report

CS Divesh Goyal 30 July 2021 at 09:51

Every unlisted public company shall submit Form PAS-6 to the Registrar with such fee as provided in Companies (Registration Offices and Fees) Rules, 2014 within 60 days from the conclusion of each half-year.

How to Remove Disqualification of Director?

CS Divesh Goyal 30 July 2021 at 09:51

As per the Companies Act, 2013, once a director is disqualified u/s 164(2) the director so disqualified shall continue to be disqualified for a period of 5 years.

FAQs on Signing of Financial Statement

CS Divesh Goyal 29 July 2021 at 09:45

Financial statements are formal records of the financial activities and position of a business, person, or other entity. Let us discuss 10 FAQs on the signing of financial statements.

Can the Financial Statements be signed digitally?

CS Divesh Goyal 29 July 2021 at 09:45

As per the meaning of the Digital Signature and Section 134, we can opine that the financial statements of the Company can be signed either physically or digitally.

FAQs on Disqualification of Director

CS Divesh Goyal 29 July 2021 at 09:24

If a person has been disqualified in any company due to section 167(1) such person shall be considered as ceased in all other companies wherever he was appointed as a Director.

FAQs on Annual General Meeting (AGM) & Extension due to COVID 19

CS Divesh Goyal 29 July 2021 at 09:24

At an AGM, the directors of the company present an Annual report containing information for the shareholders about the company's performance and strategy.

Is Auditor Certificate mandatory for DPT-3?

CS Divesh Goyal 28 July 2021 at 09:35

Nowhere in Section 73 or Rule 16, it has been mentioned about the Certificate of Auditor, but in many cases, ROC's ask for a certificate from the Statutory Auditor of the Company.

How to file DPT-3 in case of Loan from shareholder?

CS Divesh Goyal 28 July 2021 at 09:35

Private Limited Companies are allowed to accept Loans from Shareholders of a Company after following the process mentioned under Section 73 of the Companies Act, 2013.