Dear Experts,
Requires URGENT ATTENTION SIR/MADAM!!
A private ltd. company which has only 2 directors has obtained unsecured loans.
1)Pls. provide me what are all the procedures to be followed while obtaining unsecured loans.
2) As a statutory auditors what are our responsibilities in verifying the compliance of the same.
3) How many people have to sign the audited accounts with respect to Companies Act and also Income tax Act?
4)Is it mandatory that the annual accounts has to be signed by the Managing Director even in case of only 2 directors are there?
5) What to do if there is no official appointment of M.D. between the 2 directors.
Thanks for the reply.
With regards,
Rajesh.

Dear Professional collegues I want to know that if a company has not filed its annual accounts and annual return for last 2 years, and is not doing business since its incorporation, then whether it can go for stike off under section 560 of the act without filing the annual accounts and returns for the pending two years.

Also note that the company has received a notice from the ROC for filing its annual accounts.

Waiting for prompt response.

as i appearing nov10 pcc xams is new gratuity act amendment 2010 & companies bill 2009 applicable for us.

hello sir,
how much amount of law of IPCC group-Ist is difficult ?

Hi all

can any one tell me what is the effect of the word "not negotiable" which is written on the cheque.

limits are not specifically mentioned in co. act 1956,then there are possibility that one can give higher remuneration to the directors and there by reduce the profits and thereby avoid tax payments.

what is the limit for private co. for paying directors remuneration as per companies act..

Dear All,

What are the different rate of depreciation applicable on each & every fixed assets or inventory? How to calculate the depreciation? which is the method in used nowadays? Please help me out.

Thanks
Ravi Kant

Hi all

can any tell

Which type of meeting should be held for appointment of managing director

and can MD be appointed merely by board meeting with the unanimous consent from all the directors in case of public companuy .

in case of pvt company there is no limit in paying directors remuneration as per companies act, my question is there any limit under income tax act, if no limit then pvt company will avoid paying tax by showing major of the expenses as directors remuneration