Is it mandatory for a Private Company on which CARO is applicable to have an Internal Audit system ?

And if it is mandatory, and the company does not have an Internal Audit system themn what consequences will follow ?

Dear All,

Can a Private Company invest in the shares of a public company.Section 372 talks about purchase of shares of other Companies .This section is not applicable to private Company.So if a private Company invest in the shares of public Company then what are the relevant sections and procedures to be followed both by the Public Company as well as Private Company.

Dear Expers,

In case of Shifting of Registered Office from One State to Another, earlier there was required to file Petition with CLB.

But now as per MCA Circular No. 50/2011 the procedure has been simplified w.e.f. 24-09-11

Kindly suggest the steps and documentation as per new procedure as nothing is clear in this matter.

Thank you

Our Comapny is dealing in real estate. we purchased a land earlier and capatilsed it. But now we want to convert in Stock in Trade. So Please tell me what is the requirement( if any in Company Law) and please give Board Resolution for the same

Dear Experts,

I am filing form DIN 1, but when i put PAN Number of a person & after pressing Verify pan details, the error occurs showing the fathers name entered is not same as per Printed on PAN Card.

on the Pan card fathers name is printed as P K DHORE. For DIN 1 abbrivations are not allowed.

so what to do for the same. is it necessary to correction in pan card first & then to apply for the DIN 1?

is there any way out without making correction in pan card...?

thanks...

Dear Expert Members,

I'd appreciate if someone can find time n explain the procedure & legal requirements including all formalities.

Thanks & Regards

There is the facility of payment of stamp duty in mca website.But it is asking for srn no. Which srn no should i fill in that?? Because I want to make payment of stamp duty before efiling of eform 1, 18 and 32... Or else can i make payment of stamp duty before efiling of eforms or it cant be?????

Please reply its urgent..

If a board meeting of public company was adjourned due to the want of quorum then what will be the quorum for an adjourn Board Meeting.

In case of our company total strength of the board is 10 so requsite quorum is 4 directors. what will be the quorum for the adjourn board meeting, if only two directors present in the meeting can constitute requisite quorum.

Sir,
I am new to practice. I wish to know the best journal for company law and service tax. I am in need of cheap and best magazine. Pls help.

I have called bm to increase capital & decided to call egm next following day. How we can take consent of shareholders for shorter notice & mode of issue notice of EGM