A Private limited company is following Depreciation as per Income tax act in their annual accounts for the past so many years. Now for the year 2014-15, can they follow the same method?
If they follow that method, is there any qualification to be made in the Audit report by CA. Gross block of assets is also not available with the company.

Please clarify

Hi friends,



Query 1

Is MGT 14 no longer required even for SPECIAL BUSINESS in private companies?
I mean whether only DIR 12 is to be filed for confirming Additional Director into Permanent Director?

Pls send me the relevant MCA extract




Query 2

In many companies, form DIR 12 could not be filed to confirm Additional Director into Permanent Director till 30th Oct 2015 (assume AGM date: 30/09/2015).....
Can a company appoint a director in AGM with a pre condition (well mentioned in resolution also) to appoint director FROM 15TH October (TO SAVE PENALTY OF DIR 12 & MGT 14(if reqd))



Query 3

Can any company confirm additional director in EGM also (properly held before due date of AGM)?
Suppose that EGM is held in May 2015 (whether MGT 14 is required to be filed)


Pls solve the issues.....

I would be grateful...


WARM REGARDS
FCA CS ANKIT SOMANI
CA (First Attempt, Ranker)
CS (Ranker, Silver Medalist
+91-98297-45560

dear expert
as per the rbi circuller bank need to collect purpose letter again cash transaction =>10 laks per day and cumulative cash transaction =>10 laks also,
e.g if for day ther r 3 cash transaction i.e 1) 11,00,000 2) 4,00,000 3) 5,00,000
and customer provids only 1 purpose letter against 11lakhs transaction so is it ok if he dont provid letter against (4lhks+5lhks) as the total is 9lakhs only which is below 10 lakhs...and if the other 2 transaction total exceed 10 lakhs than only bank needs to collect letter for that..

how to start a bank concurrent audit??major poin ts and daily routine to be considered for this???

Sir,
Please Solve my Query

1] Depreciation as per company law act 2013 start from 01/04/2014

2] Previous Depreciation As per company law 1956 can use for F.Y 2014-15 voluntary or as per act 2013 depreciation compulsory from 1 April 2014

Please suggest me

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