Query Regarding mention of Turnover in Form 23ACA - Page 3

A is a private company doing the business of commission agency.

The company has no business for FYE 31.03.09 and hence, no income out of his 'commission agency' business.

However, the company has earned interest income out of its Fixed Deposits with bank say Rs.12000/-.

Whether in Form 23ACA - Page 3 - III. Turnover details - Should we mention Rs.12000/- in the 'Turnover' field. Is it appropriate putting this amount here, when there is no actual business and income from business.

Experts' view is appreciated.

Dear Sirs,
My questions are
1) whether the increase in director's remuneration of a Private Ltd. Company be made with retrospective effect by a board resolution? 2) is it necessary to have consent of share holders in any of the AGM?
3) is there any monetary limits / restriction in this matter.
4) i also need a format of resolution to be passed in such meetings to increase the directors remuneration with retrospective effect.
Thanks in advance.

Dear Experts,

I have given passport no of one of the subscribers for applying for name approval ie FORM 1A. Subsequently the din of the subscriber was obtained. while filling the FORM 1 I have given the din details.But the prescrutiny showed error. when passport no is given in FORM 1, no error found msg shown. How to proceed with this? Whether DIN 3 to be submitted to ROC AND WHEN IT HAS TO BE SUBMITTED? THANKS IN ADVANCE.

Query regarding the due date of AGM for a new company

A is a private company, which proposes to file the Annual Filing Forms from the First AGM.

Date of Incorporation :21.10.2005
Financial Year end date :31.03.2006
Date of First AGM :25.09.2006
Due Date of AGM :30.09.2006

[Every company shall in each year hold in addition to any other meetings a general meeting as its annual general meeting and shall specify the meeting as such in the notices calling it; and not more than fifteen months shall elapse between the date of one annual general meeting of a company and that of the next:

Provided that a company may hold its first annual general meeting within a period of not more than eighteen months from the date of its incorporation; and if such general meeting is held within that period, it shall not be necessary for the company to hold any annual general meeting in the year of its incorporation or in the following year;]

Experts' view is appreciated for the above stated 'due date of AGM' – whether it is right or not.

Query regarding the due date of AGM for a new company

A is a private company.

Date of Incorporation : 24.01.2007
Financial Year end date : 31.03.2008
Date of First AGM : 04.06.2008
Due Date of AGM : 24.07.2008

[Every company shall in each year hold in addition to any other meetings a general meeting as its annual general meeting and shall specify the meeting as such in the notices calling it; and not more than fifteen months shall elapse between the date of one annual general meeting of a company and that of the next:

Provided that a company may hold its first annual general meeting within a period of not more than eighteen months from the date of its incorporation; and if such general meeting is held within that period, it shall not be necessary for the company to hold any annual general meeting in the year of its incorporation or in the following year;]

Experts' view is appreciated for the above stated 'due date of AGM' – whether it is right or not.

Kindly let me know the following resolution is in order so that I shall follow :

“Resolved that Mr. X who was appointed as an Additional Director with effect from 1st May 2008 by the Board pursuant to the provisions of Section 260 of the Companies Act, 1956 and also in accordance with the Articles of Association of the company shall hold office until the date of the First Annual General Meeting of the company, be and is hereby appointed as a Director of the company and whose office is liable to retire by rotation”.

Await the response of experts.

the subscribers to MoA state the number of shares they agree to take up in subscription clause.. whats the time limit within which they should pay the company and take up those shares...?

To incorporate a Private limited co. in Tamilnadu is that mandatory to file the hardcopy of Inc. docs. to ROC or softcopy along with Form 1,18,32 is enough?
If hardcopy is needed, shd that be submitted in person or can it be sent thru courier? For what further circumstances, we need to go in person after submission of hardcopy and how many times?how many days will it take to approve the incorp of company from the date of filing f 1,8,32?

Due to some reason, the company wants to complete the filing of Form 23AC, Form 23ACA and Form 20B and then finally, Form 66.


Is it possible to file Form 23AC without filing Form 66 ?

Whether system allows Form 23AC to upload by giving dummy SRN for Form 66.

Experts' view is appreciated.

A private limited company has accepted unsecured loans from the relatives of the shareholders.does it amount to violation of Sec 58A ans Sec. 3(1)(iii) of Cos. Act, 1956?