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23 July 2024 at 09:59

Depreciation of Building


I would like to inform that as per company act depreciation on factory building useful life is 30 Years. Company has freedom to reduce the time if 2/3 shift working at factory premises. Company has been charging depreciation as per useful life of assets 30 Years since last 12 years. Where building construction on plot on lease. Lease from group of company. Lease period is 10 years.

Now New internal auditor pointed out that lease is 10 years then useful life of building should be 10 years not 30 years which is charged depreciation since last 12 years. Our statutory audit is big-4 .

My Query is can I change % depreciation rate and reduce useful life of assets from 30 years to next 10 years.

I have raised a query only in point of view of Company Act and Not income Tax act point of view.

Can you help me?



19 July 2024 at 22:55

Death of one of joint shareholder

if one joint shareholder dies, then surviving shreholder gets the ownership of shares, right?
my view--> its not fair to legal heirs of shareholder who died, but registrar of listed companies follow above rule
my q--> by which law, this rule is there? sebi or company law? which section?


How does one deal with the shares of companies under liquidation appearing in DP account? Am unable to close the Trading account in view of such shares appearing in the DP.
Have been advised to transfer it to some other account but that is not a solution and just shifting of problem.

Request advice!

Kavita R
15 July 2024 at 10:47

Alteration in moa object clause

A pvt. ltd was incorporated in 2015. Initially in INC 1 for name availability A Partnership firm was taken over and the pvt ltd co. was formed. But while submission of INC 7 in the MOA the taking over of partnership clause was by mistake not taken. This has come to our knowledge now i.e. in 2024. Can any one suggest is there any way to rectify the same please.

Kindly revert urgently.

14 July 2024 at 14:40


AN llp OF September 2022 but nothing filed (no ITR , no bank account , no transaction)

while filing strike off form, form 8 & 11 penalty needs to be paid back from 2022 ?

Kavita R

Is rotation of auditors applicable to small companies and subsidiaries?

28 June 2024 at 14:15


Dear Sirs : A nationalised bank , while doing loan proceedings is asking for UDIN on balance sheets and profit and loss account of an individual whose accounts are not audited as they do not come under audit compliances. Kindly suggest that can UDIN of such documents should be generated OR audit of books is mandatary for generating UDIN.. Regards

Nurul Hoda

I have been registered on the MCA Portal as a Business User through CIN and through Email ID as a Registered User. Both are having same email Id and Mobile Number. Now I am not able to register my DSC in any of the IDs for filing forms. Early resolutions are invited with Suggestions. If I can change email id and Mobile numbers because always giving message that duplicate Mobile and Email Id available.


Whether merger of proprietorship firm with private limited company is possible ? whether it is possible that private limited company can take over all the assets and liabilities of proprietorship firm

Subhendu S Sanyal

I am a shareholder (Resident of West Bengal) of NDTV Limited (Regd Office - New Delhi). I requested copies of the following Statutory Documents & Registers permissible u/r Companies Act, 2013 r.w rules framed thereunder either online electronically / physically at my address :

1 .Details of compensation, remuneration of employees as per Section 197(12) of the Companies Act, 2013 read with Rules 5(2) and 5(3) of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014 as referred to in Annual Report for FY 2023 -24

2 . Register of Directors and Key Managerial Personnel and their Shareholding maintained under Section 170 of the Companies Act, 2013, the Register of Contracts or arrangements in which Directors are interested under Section 189 of the Companies Act, 2013 - as referred to in Annual Report for FY 2023 -24 

However , as per response in below link the Company Secretary is blatantly refusing to furnish copies of above statutory Documents & Registers u/r Companies Act, 2013 r.w rules framed thereunder merely because I am physically geographically located at a different state/UT as that of the registered office of the company.  She is tacitly asking me to travel from West Bengal to New Delhi in a pre determined date in order to gain copies of access of the above documents.

It is pertinent to note that Section197, Section170, Section 187 and the proviso specified in Rules 5(2) and 5(3) of the aforesaid rules and Companies Act, 2013 nowhere restricts furnishing of aforesaid records only for shareholders who are in same state/UT in the registered office of the company. Consequently for outstation shareholders the aforesaid records must be either furnished electronically online or to my registered address

Kindly please help regarding future course of action

NDTV Response - https://drive.google.com/file/d/1JKmOskTNpFvb1tQZhVEo7vc4L0URaStB/view

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