Sir/madam,
I have a doubt on creation of Debenture redemption reserve.
For the NBFCs, Companies share capital and debenture rule says that adequacy of DRR will be 25% of the value of debentures issued through public issue.


My question is whether the term issued means outstanding debenture plus redeemed debenture?or the requirement is only for outstanding debenture?


Thanks in advance

A private limited company has increased its paid up share capital from Rs. 2 Crores to Rs.5 crores , whether it is necessary to appoint whole time Company Secretary , but practically it is not possible to employ whole time Company Secretary , is there any alternate solution

As per section 139(6) the first auditor of the company shall be appointed by the Board within 30 days of Incorporation. In case of Board’s failure, an EGM shall be called within 90 days to appoint the first auditor.

THE COMPANY HAS FAILED TO APPOINT AUDITOR WITHIN 30 DAYS.
MY QUERY IS
1. CAN WE APPOINT HIM BY FILING A BACK DATED FORM BY TAKING A BOARD MEETING.
2. AND IF NOT WE WILL CONDUCT THE EGM SO DOES THAT REQUIRE FILING MGT-14.
3. 90 DAYS TO BE COUNTED FROM EXPIRY OF 30 DAYS OR INCORPORATION.

Please specify the resolution to be passed u/s. 192 of the Companies Act, 2013. From the Act, I found that a resolution is mandatory for such transactions. But I was unable to find whether to pass ordinary resolution or a special resolution?

RESPECTED SIR,
THERE ARE 4 PARTNERS IN A PARTNERSHIP FIRM. THE FIRM IS HAVING 60 COMPANIES AUDIT.
SIR, CAN ONLY ONE PARTNER SIGN THE BALANCE SHEET OF ALL 60 COMPANIES
SIR PLEASE CLEAR MY DOUBT
WITH REGARDS

I had created a company in 2011 named abc pvt ltd. with initial capital of Rs.1 lac. But after few months, we increased the capital to 1cr. The new shares were issued, alloted and subscribed by various individuals and body corporates. i didnt knew that we need to file form-2 and form 5. I came to know about it a few years earlier and have not done my annual compliance with Roc for last 3 years. Now the company status on Roc website is - "under process of strike off."

I spoke to Roc dept. and he told me that the status-"under process of strike off " was due to non fillings of my annual compliance.
But my problem is with filling of Form-5 and Form-2 having liablity of Rs.11 lac along with interest and penalty which was around Rs. 1 lac(1%).
what should i do? Can liquidating the company is also an option here?

I have to finalise the balance sheet of a private limited company for the fy 2015-16 but I dont know how to workout the dep for fy 2015-16. Depreciation schedule of fy 2014-15 is available with me and in fy 2015-16 there is no addition and deduction during the year and only and only against the opening balance as on 01-04-2015 dep has to be provided as on 31-03-2016. what to do now ? Please give me some simple idea. /

I had one private limited having 4 directors , out of them 2 are CA and they are taking remuneration in the form of professional fees for rendering professional service.

My question
1. Provision of Section 188 , read with Rule 15(3) will be attracted and revenue of the Company was RS. 2739920/- and professional fees given both of them was Rs.288000/- , whether this is allowed or contravention of provision of Section 188

A pvt. company has given a loan to director, does it require a disclosure in directors report in the point "particulars of loans, guarantees or investments under section 186".

Is there any limit for advancing a loan to directors and person whom he is interested??

Is it necessary to circulate addendum to the notice of AGM to all shareholders or uploading the notice in the company's website and intimation to stock exchange will be enough? Can an addendum be issued twice before the said meeting?