After incorporation

This query is : Resolved

Rajeswar (Querist)
Follow

13 November 2009 What are the steps to be taken immediately after the getting approval status for the incorporation of a private limited company?

Should the first auditor appointed need to file Form 23B on his appointment?

Can the co. maintain minutes of board meeting in loose leaf form?

Kindly clarify me.

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
Follow

13 November 2009 1) 23B should be filed.
2) Cannot maintain in loose leaf.

Ankur Garg

Ankur Garg (Expert)
Follow

13 November 2009 As per my understanding form-23B is not required to be filed for first auditor under section 224(5).

Section 224(1) requires to file form-23B on the appointment of auditor in the AGM.

As your company is newly incorporated company you can maintain your initial minutes in loose leaf form. But proper binding of minutes is desired after reasonable intervals say once in a 6 months.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Summarize this with AI

ChatGPT Perplexity Claude Google AI Grok

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

divakar podaturu

SHRI HARIRAO

Dalbir Singh Wadhera

Rajesh Surapaneni

Sandeep Ranjan

Subscribe Now

After incorporation

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

GST CONSULTANCY

GST CONSULTANT

Manager- Finance and Compliance

Article Assistant

CA Final

Accountant