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?

Dear Friends,

Can anyone please share a format of Management representation on Internal Financial Control over Financial Reporting for the year 2015-16 which a company is required to submit to the statutory auditors in terms of Companies Accrounts Rules 2014.

Thanks

P.C. Joshi

Casual Vacancy of Auditor in a company and auditor did not file any ADT-3 and surenderd his CP. Now the company appointed new auditor but could not file ADT-1 due to non-availability of SRN. Expert please suggest what to do and how to file ADT -1.

whether registered medical practitioner be director in company as per Companies Act,2013??????

Dear Members

Pl provide details related to XBRL filing under companies act. One of our client comes under xbrl filing . pl tell the document required and procedure follows for filing. i'll be thankful to you.

We have a group of 4 companies out of which 3 are unlisted public company and 1 private company which are associates of each other, the question is whether consolidation is applicable to all these companies u/s 129 (3) of the Companies Act, 2013 and the Rule 6 of Companies (Accounts) Rules, 2014? As per amendment dated 27.07.2016 the Companies are exempted to prepare CFS if the following conditions are satisfied -

(i) it is a wholly-owned subsidiary, or is a partially-owned subsidiary of another company and all its other members, including those not otherwise entitled to vote, having been intimated in writing and for which the proof of delivery of Such intimation is available with the company, do not object to the company not presenting consolidated financial statements;
(ii) it is a company whose securities are not listed or are not in the process of listing on any stock exchange, whether in India or outside India; and
(iii) its ultimate or any intermediate holding company files consolidated financial statements with the Registrar which are in compliance with the applicable Accounting Standards.”

in our case there is no holding subsidiary relation so should we prepare CFS? Because the Section 129 (3) states that for the purpose of this sub section the word subsidiary shall include associate company and joint venture.

If formation of CSR Committee is must for a Holding Co. as per Sec. 135 of CA,2013;Will Formation of CSR Committee be necessary for its subsidiaries too??? plz do guide...

Dear sir Please Guideme which NIC Code is to be used for activity of businsess mentioned in the Extract of Directors report MGT-9,Either NIC CODE 2004 OR NIC CODE 2008?