Dear learnt members,

Greetings for the day,

As per companies act, 2013 financial statements of a company has to be signed by chairperson, if authorised so or by 2 director one of whom shall be MD, CEO (if he is director), CFO, CS, whereever they are appointed.
What if company doesn't have MD and chairperson is not able to sign financials.
Can normal 2 directors sign financials in that case.

please explain me detail procedure to conversion of private company into public company and visa versa

Can somebody please provide board resolution for opening new branch office in Delhi (registered office is in Mumbai). Also, please guide if the said resolution is to be filed with ROC? If yes, what is the procedure?

Thank you

Kindly explain the relevance of 52(3) inserted by the new companies act. It is on the same lines of 52(2), which indicates the permissible uses of securities premium account.

Hi, as per the companies act 2013, the company has been prescribed with rules to be followed in order to declare dividend out of accumulated profits but as per the amendment last year, the fifth condition of this rule relating to set off of losses of previous years has been dispensed off. What could be the reason for deleting it from here while the same condition is present under sec 123 to pay dividend from current year profit.

Dear Experts,
Pls clarify weather a pvt. Ltd. Company
Can provide dividend to its share holders
Or not if yes what its criteria,

Regard
Gaurav sharma

We are a wholly owned subsidiary of a listed company. In our upcoming meeting for adoption of audited accounts, our companys chairman is absent. Also we donot have managing director. So in our case, can any other 2 directors + cfo+ cs sign?
Pls advise.

can a public limited co can take loan from its directors or its relatives and what about loans taken before company act 2013.

Will CSR obligations apply if a company has been in existence for less than 3 financial years preceding the financial year ?

Example: A company incorporated on April 01, 2015. In the first year recorded profit of Rs 30 crore, which crossed the threshhold limit of applicbility of Section 135 of the Companies Act, 2013. However the company is having only one year profit and unable to work out 2% of average three years profit. Whether any obligation for CSR in the FY 2016-17 for the said company.

Dear experts,
Pls guide me can a pvt. Ltd. Company
Pay dividend to its shareholders or not
If yes how much & what its procedure..

Regard
Ashish Gupta