Dear Friends,

Private Company A owns 99% shares in another private company B & C. Company B owns 70% shares in Private Company D.
Will the company A is required to prepare consolidated balance sheet considering the final balance sheets of B,C & D???. Will the Annual Return of A has to be consolidated also??
What is the penalty for non compliance???

If a company has altered its main object by passing a special resolution and the concerned Registrar of Companies has issued a certificate of registration of special resolution confirming alteration of object clause as per provision of section 13 (1) of Companies Act 2013, then whether the copy of said certificate of registration for change in object clause is COMPULSORILY required to be attached with Memorandum of the company? My interpretation is that , it is mandatory to attach to MOA as the said certificate indicates that object clause of the company is confirmed by ROC.

please tell the procedure to filr LLP return?

My Company wants to allot 500 shares of Rs.10 each i.e total of Rs. 50,00 to some NEW investor. This is clearly a matter of Private Placement since he is not an existing shareholder. However, Rule 14(2)(c) of Prospectus & Allotment Rules provides that Private Placement cannot be done for an amount of less than Rs.20,000 to each person.

How do I allot shares to this new investor? Which section will apply to such allotment?

Dear Sir,

A auditor was appointed in for a single financial year e.g. 01 April 2015 to 31.03.16. Now the management wants to change the auditor in next financial year as the term of existing auditor has been expired.

If, I gone plainly, with the provisions of Companies Act 2013 or even Companies Act 1956, in case of appointment of new auditor other than RETIRING AUDITOR, special notice need to be given.

My question is :

1. what is the interpretation of retiring Auditor.
2. If a auditor whose term has been expired after the end of financial year then is it a burden on the company to appoint that existing auditor again.
3. Should I need to give special notice to said auditor whose term has been expired and we no longer need to appoint again.

Please also quote some legal issues based in issue if any.

Views of all my respected senior are solicited.

Thanks and warm Regards
Naresh K Sharma

Dear Sir/Madam,

on behalf of my company I filed Form SH-7 to increase the authorized share capital of the company from Rs. 10,00,000/- divided into 1,00,000 equity share of Rs.10/- each to Rs.25,00,000/- divided into 2,50,000 equity shares of Rs.10/- each, by increasing 1,50,000 equity shares of Rs.10/- each, which duly got approved.

while filing the above said form unfortunately there was a typing mistake i.e. the issued / subscribed / paid-up capital has shown as Rs.10,00,000/- which is not correct. The correct issued, subscribed and paid-up capital of the above the company is Rs.1,10,000/- which is the true fact.

and now the master data shows the increased authorised share capital of Rs.25 Lac and paid up capital 10 Lac. our company is seeking guidance to rectify the mistake and correct the master data with paid up capital of Rs.1,10,000/-.from ROC but we didn't get any solution from ROC yet.

and we have not yet filed form PAS-3 because of doubt that if we will file PAS-3, the master data will again show further increase in paid up capital.

I need the experts advice. please help me in this respect with your expertise and experience.

What is the NIC Code for Manpower Placement And recruiting services in case of LLP?

Dear All,

I want to know if one person can sign the subscribers sheet of memorandum of association on behalf of three private companies.

There's a case in which there are four subscribers to Memorandum of Association of Private Company. All four are Companies.
However, one individual has signed the subscribers sheet on behalf of three companies out of the four companies.

I want to know if such a subscription is valid or not?
If anyone knows anything, please Reply.
Its Urgent.

In section 141 (3) wt does relative is director or something else they were trying to say

We have incorporated a company using INC-7 and now we have filed DIR-12 appointing 2 directors as well. Do we still need to File DIR-3C & are the directors liable to intimate their DIn's to the company in DIR-3B still.
Exactly when is a director required to file DIR-3B with the company & when is a company required to intimate the ROC using DIR-3C.
Thanks in advance.