sandeep
07 October 2016 at 18:56

Appointment of first auditors

If a company fails to appoint its first auditor within 30 days of Incorporation and also fails to appoint by calling EGM what shall be the consequences?

I am being approached by the company for statutory audit on 28.09.2016. The date of incorporation of the compnay is
31.03.2015. I am holding COP from 26.09.2016. Should i conduct the audit?


Revati Sathe
06 October 2016 at 14:18

Place of board meeting

Can a Pvt. Ltd company held all its Board Meeting at any place in India . In my case Registered Office of the Company is in Pune , but now Directors are living in gurgaon , Nodia. can all Board meeting held in Noida and only AGM held in Pune.


TARIQUE RIZVI

What is the difference between the unsecured Loans and Investments ? The issue is related with a pvt ltd company. Can the unsecured loan be transferred into investment and what is the procedure ?


TARIQUE RIZVI
05 October 2016 at 20:00

Companies act 2013

In fy 2013-14 when as per the companies act 2013 all the pvt ltd companies were restricted to borrow funds from outside, son of the director of a pvt ltd company became a share holder of the company and after that the said pvt ltd company borrowed funds from the said share holder. Whether it was one kind of violation of companies act 2013 ?


Monica Agarwal

Declaration given by director for loan given to company needs to be filed with ROC in any form?
OR the declaration to be given to company and to be kept with the company only.!
Please suggest.

also if loan is prior to 1.4.14 , by director,Just the declaration would do or any further filing required?


Revati Sathe
05 October 2016 at 13:15

Name approval and incorporation

For Incorporation can we apply with name "ABC INDUSTRIAL CORPORATION PRIVATE LIMITED" , word ABC is abbrivation of full name of promoter and whether any minimum capital requirement for using word industrial corporation


Shailesh Manohar Mulay
04 October 2016 at 09:47

Key managerial personnel (kmp)

Hi

I have a query relating to KMPs. Our company is having Country Financial Controller (CFC), a company Secretary, MD, Manager, since MD, CS and Manager is considered as KMPs as per Companies Act,1956 as well as per Companies Act,2013, then in such a case is whether Country Financial Controller (CFC) is considered as KMP as per AS-18 & as per Companies act,2013

If CFC is a KPM then is he have a right to sign Financial Statement and need to give disclosure in Management Representation Letter.



Anonymous
03 October 2016 at 09:35

Investment by foreign company

Dear All,

One of my client is having wholly owned subsidiary in India and Parent Company is in UK. UK company holds 100% shares except nominee share holding by indian person. UK Company wants to pump up money into subsidiary to run and expand the business. Can any one please help me out that how to fuel money like Loan would be best or not and its implication with the procedures?

Please guide me.

Thanks in advance to expert.


ARUN KUMAR MAITRA

To perform functions validly a board must have minimum no of directors. If minimum no is not there then the board is not valid one and become incapable.Can a single director of a pvt. ltd. company call a bd meeting to appoint addl. dir in case no. of directors fall below the statutory minimum?


Chandra Prakash Garg

I am trying to upload the INC 7, Dir 12 and Inc 22, When I am trying to upload the following error shown forms getting submitted is/are not prescrutinized" The form level prescrutiny didn't show any error and showed no prescrutiny error found. Thanks in Advance





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