WHAT IF A COMPANY NOT LIABLE FOR TAX AUDIT ACCEPT LOAN FROM DIRECTORS IN CASH?

sir/mam
in case of private limited company, out of the only two directors, one directors was already disqualified by MCA for non filing of Annual Returns and Financials( of other company in which he was director). the remaining director has resigned from earlier company. so that he should not get disqualified. since the later has resigned from company. will he have any responsibility towards the company after resignation.? or he will be held for any responsibility of company as he was the only qualified director before resignation

A company incorporated in 2014.

they have business income in 2014-15 & 2015-16.

After 2016 March no business operations.

Company not filed any annual compliance forms with MCA

Now they received a notice from MCA on strike off

Now they have no assets or liabilities or business operation.

whether they can apply for FTE scheme for strike of company name from and wind up

Hello,

So a company A has leased a shop to a company B. The contract specifically bars subleasing.

Can the company B form a partnership with company C to transfer its liability of managing the venue in lieu of a fixed amount and/or share in income?

Will such a partnership require a renewal of contract with A?

Thank you

Dear Sir,
I was working with an private organization as a director and as a branch manager. Promoters are from Dubai, we are 2 directors they have appointed. Now i have to remove from this directorship but they are not proceeding and accepting my resignation, kindly guide me sir, i want to leave from this post and company as soon as early.

If Director has already given Passport and Aadhar Card , is it necessary to give another address proof or we can attach same copy of Passport or Aadhar as address proof ( because address on electricity bill may be slightly different from passport )

Hi Friends,

Is there any impact from company financial statment to directors personal Income tax return apart from remuneration?
please explain how to file directors income tax return, suggest the relevent section?

Thanks in advance
Ashritha

Dear Sir My Query Is regarding 164(2)(a) Disqualification.Now our Company Wants to Remove the Director from the Board .we want clarification effective Date for such Director Should be Taken weather we must Take his Resignation Today or from When he was made disqualified by ROC. if we Remove the said Director from Board From the date when he was Made disqualified by ROC then what will happen to Financial Statement Which He had Sign last Year.

Read more at: https://www.caclubindia.com/experts/companies-act-2013--2675009.asp

Change of Address of Company with ROC, was applied, changed accordingly, will this updated Address reflect in all required sites, TRACES,EPFO,ESIC,GST.

Requesting Experts' to Clarify on this.

Thanks and Regards
Pavan Kumar Madiraju.

Hey my client has Securities premium(on account of amalgamation reserve). I have to calculate networth of my client for the purpose of applicability of Ind AS.
Do we require to include securities premium created on account of amalgamation reserve for calculation of Networth under clause 57 of section 2 of Companies Act.

Reference:-
Section 2 of Companies Act 2013--- Clause (57) “net worth” means the aggregate value of the paid-up share capital and all reserves created out of the profits and securities premium account, after deducting the aggregate value of the accumulated losses, deferred expenditure and miscellaneous expenditure not written off, as per the audited balance sheet, but does not include reserves created out of revaluation of assets, write-back of depreciation and amalgamation.