Annual return
This query is : Resolved
15 September 2011
Sir,
Annual return is the only way to show the effect of share transfer in private ltd company then ,
what if the company has made 2 annual return for the same year, same date of meeting and one shows "no share transfer since last AGM" and other shows "transfer details of share since last date of AGM"
Is it a forgery?
If yes then by whom by company directors or by company C.S.?
Please reply,
Annual return is the only way to show the effect of share transfer in private ltd company then ,
what if the company has made 2 annual return for the same year, same date of meeting and one shows "no share transfer since last AGM" and other shows "transfer details of share since last date of AGM"
Is it a forgery?
If yes then by whom by company directors or by company C.S.?
Please reply,
15 September 2011
Dear Sumit Khandelwal,
The effective of share transfer whether in public or private company is done through form 7B, when it physically transferred with stamp duty. This is only the authentication for the share transfer.
During the annual return i.e. Schedule V, the transfer of shares are mentioned during the last AGM. Since Schdule V only has the column about the share transfer, so the directors are required to show the transfer details in the schedule V. If there is two annual return filed for the same year, the second one which is a revised return. Thus, the second one is the correct data. Its not a forgery, it is a material misstatement. The MCA allowed us to revise the data which is entered wrongly in the annual return or report.
The effective of share transfer whether in public or private company is done through form 7B, when it physically transferred with stamp duty. This is only the authentication for the share transfer.
During the annual return i.e. Schedule V, the transfer of shares are mentioned during the last AGM. Since Schdule V only has the column about the share transfer, so the directors are required to show the transfer details in the schedule V. If there is two annual return filed for the same year, the second one which is a revised return. Thus, the second one is the correct data. Its not a forgery, it is a material misstatement. The MCA allowed us to revise the data which is entered wrongly in the annual return or report.
16 September 2011
Any mistake or revised return cannot be termed as forgery.
I agree with the expert
I agree with the expert
16 September 2011
thank u sir
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Supply through E-commerce Operators
- Relief u/s Section 89
- AMOUNT RECEIVED UNDER COMPULOSRY ACQUISITION OF AGRICULTURAL LAND
- Sales return eway bill
- E way bill for tractors
- REGARDING GST LIABILITY/....
- Agriculture income or business income
- STCG on ETF gold & silver
- If there is Long term capital gain exists how much total income to be considered
- GST ON DAMAGED GOODS
- Specified Profession
- Section 54F - Exemption on LTCG in 2026 for HP purchased in 2023
- STCG....................................................
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
