The Paid up share capital of the company as at 31st March 2017 as per audited financials was below Rs.10 crore. In September, 2017 the paid up share capital has been increased above Rs.10 crore.


The Paid up share capital of the company as at 31st March 2017 as per the Last Audited Financials was below Rs.10 crore. In September, 2017 the paid up share capital has been increased from Rs.10 crore. to Rs.13 crore

As per section 177 of the Companies Act 2013 and Rule 6 and 7 of Companies (Meetings of Board and its Powers) Rules 201 deals with the Audit committee and As prescribed under Rule 6 of the Companies (Meetings of Board and its powers) Rule 2014 company shall constitute an Audit committee.

Is it Statutory to constitute the Audit Committee in the Board Meeting to be held in October 17/November17/December17 / Before March 2018 or should we wait for the Audited financials as at 31st March 2018 to have the increased paid up share capital above Rs.10 crore.
For the views please.

Whether a Private Limited Company can take unsecured loan from financial Institution and if yes which provisions are required to be complied with ?

Dear Experts,

In Case of Rights Issue. After receiving the rejection of Offer from the existing shareholders, Do we need to conduct a Board meeting for disposing off the shares to others. and subsequently another Board meeting for Allotment of Shares. Please let me know the exact procedure for the same.

a Company has sent notice by hand to shareholder but he refused to recieve it, shall it be deemed to be valid service of notice. Can company go on to do egm at fix time.

Dear Proffesionals,

There is an LLP, which has not been carrying out any business since its incorporation..

The partners Now have decided to close the LLP, also since incorporation it has not filled neither form LLP 8 nor form LLP 11..

My question is, whether this LLP can proceed with directly filling eform 24 without filing of forms LLP 8 and LLP 11?

Please advise.

Thanks & regards.

what is procedure for appointment of director in AGM of pvt ltd company?

It is a pvt limited company and section 139(2) applicable ( borowing exceed Rs. 50 crores) on 01.04.2014 ( ie the provision from enactment of companies act 2013. I know section 139(2) will be applicable when subsequently the condition(s) satisfied by pvt limited company.

My query is subsequently the company fall below paid up capital ie Rs. 20 crores (present limit Rs. 50 crores) or turnover below Rs. 50 crores, say year ended 31.03.2017 (ie the end of transaction period) , how we make auditor appointment whether according to section 139(2) or 139(1).

My second query is if 139(1) applicable, whether retiring auditor is eligible for reappoin ment? ,

if eligible whether for 2 years (ie the balance period from the act 2013 applicable) or fresh period of five years.

Adv. thanks for valuable guidence

that remuneration given to director of private company is covered under section 188 of companies act 2013. that for the same annexure AOC-2 is applicable with board report

Dear Sir/ Madam,

we have filled Aoc- 4 . But some i have saw some mistake after the filled.
We can revised or cancel Aoc-4 or not. Please suggest.

Dear members,

For the purpose of audit requirement under LLP, whether 25 llacs limit of capital contribution includes Current capital account of partners ?


Thanks

Ca. Shivam Poddar

+91 9899898748
cashivampoddar@gmail.com