What is the present procedure to remove the first auditor and appoint another auditor in place of him. kindly tell me step by step procedure so that I can understand the legal formalities and compliances to be completed.

A ltd(listed) has granted loan to B ltd(unlisted). Term of loan agreement provide 1)to have equal board members from both co on the board of B ltd and 2) A ltd. acquiring 26% in B ltd. All conditions are fulfilled

Query: can now A Ltd. further give loan to B ltd....both company were unrelated to each other before this loan agreement?

Sir, Please tell me the effective date from when companies amendment bill, 2016 is going to implement. As I have received name approval of company on 11th March, 2016.I want to know whether I have to complete incorporation of company within 20 days or 60 days??

Hi.
Can a HUF can be made a shareholder in a Pvt Ltd company and then give a loan to the said Pvt Ltd Company.
Also, in this specific case, the Karta of the HUF is also the Managing Director of the said Pvt Ltd Company.
It would be great if some one could give a detailed explanation rather than a Yes or No answer. Thanks.

Respectable Experts

AS per latest amendment 2016 in company`s act, whether pvt ltd companies accept the deposit from 1. director, 2. relative of director 3. member of company 4. any other person.
Please clear that from which a pvt ltd company can accept the loan as per latest amendment 2016

Very Good Morning professionals

Share application money pending allotment 64.00 lacs shown in ABS 2012, however authorised capital only 10.00 lacs, same figure continue in 2013, Last IT return & ROC return filed for FY.2012-13.
Increase in authorised capital from 10.00 lacs to 100.00 lacs done in Nov 2015
My question as ROC return and income tax return pending it is better to allot share as on current date or back date ie after 30.09.2013 ie after last AGM.

I plan to employ 500 people in a business building project which will initially not give any return, later off course I hope it will yield something. I am planning to ask them for a small security deposit of Rs 10000 for 6 months so that they don't run off. The problem is if my newly made bank account shows 500* 10000= 50 lac rupees will it pose a threat of arrest fraud or scam against me even holding such a large amount. If I invest this amount also in my business or share market and I earn something of this money will it be wrongdoing an catch eye of the government. My another worry is as I said my new bank account . I have always used my parents account. It's first time my own bank account. If I am getting money from outsiders amounting between 2 to 5 crores will it be looked with suspicion causing arrest . The business is cosmetics and skin care related. Initially I don't want to start a company I'll keep everything under a single account as an individual. Please answer in detail . I am anxious as so many bank frauds are coming out these days. I want to stay clean

HI
CAN A COMPANY CONVERT THE AMOUNT OF LOAN GIVEN TO ITS DIRECTORS INTO EQUITY. IF YES, WHAT IS THE PROCEDURE?

Dear sir,
As per companies act. Weather additional depreciation can be claimed or not....

Please confirm.....

Hi,

As per section 177(7) of Companies Act 2013

'The auditors of a company and the key managerial personnel shall have a right to
be heard in the meetings of the Audit Committee when it considers the auditor’s report but
shall not have the right to vote.'

Does the word auditor here includes 'Internal Auditor' of the company??

If so, then if the report of Internal Auditor is discussed and some adverse comments are made by the management for the report then is it not mandatory for the Audit Committee to call and discuss the same with the internal auditor in the Audit Committee meeting??