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
- Difference between Date of Payment and Date of Deduction?
- Unregistered suppliers utility
- ITDS U/S.194T of Firm
- EXPORT COMMERCIAL INVOICE HSN CODE
- Cash balance limit and property purchases limit
- FCRA 6 E- Intimation
- Same demand raised for original as well as rectification request return
- Sale of property held jointly with a non resident Indian
- GST not cancelled by tenant
- FORM 141 SDV query
- Filling ITR - U
- Form 140 tds
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
- Experienced CA recommendation from Kolkata for FNO return filing
- Interest Reporting in Form 168
- Sales of goods of amount Rs77 lakhs to a party
- Tax Demand of ₹4,650 for AY 2026-27
- Concept of Vendor and customner reconciliation
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
