Dear Experts,

We were appointed as Auditors when the company was formed in april 2014 and ADT-1 was filled.

Now almost 1.5 year has passed on but the directors did not have opened the bank account of company yet and neither responding on filling of annual accounts.

As an auditor what is my responsibility, did i have to file anything in ROC.

A pvt ltd company incorporated on 14 march 2015 and not yet closed their books tiil now....pls.suggest when company has required to conduct AGM and closing their books. Amit Bhardwaj

Sir,
I Want to know that what is the time limit for Raising capital in private limited company by promoters from the date of certificate of incorpration

Dear Friends / Experts,

Please guide me on the following, IF POSSIBLE:

I am trying to file INC-7 and other forms.


Query

In the Form for Promoters Details (who are having valid DIN) – Moment, I click the CHECK FORM OPTION, the details in Address Line1 is partly removed.

In view of this problem, filing of the form is not possible.

Anybody is facing this type of problem. Please do share your practical experience and solution, if any on the same. I am unable to understand, whether it is problem due to MCA malfunction or problem at my end.


Your reply, please..............

Thanks in advance for possible replies from all concerned.

How can we know the annual revenue for a private limited company? I tried accessing the public documents of a company on MCA website but could not get the details of the income statement for the private limited companies.

as per act a Board meeting can be held anywhere in the world, it means we can issue share certificates also at any place wherever the Board meeting is held( requirement of common seal being made optional) and also get the financial statements signed at a place outside India if majority of Directors are Foreigners?

Dear Sirs,
what is the procedure for extension of AGM??

Can i know the Text book with an author for the New Companies Amendment Act of 2013

Dear Sir,

Can company incorporated on 03.03.2015 file returns for the 13 months ending 31.03.2015 without any penalty ?

Regards
Pavan Kumar

Dear Sir,

As everybody is aware, new Form MGT-7 has been made available wef 25.09.2015 on MCA Site.
I have downloaded and tried to fill it for a private limited company covered under the definition of "Small Company" as defined u/s 2(85) of the Companies Act,2013. In our case:
1. the turnover of the company is Rs.30 Lakh and
2. The company is having Authorised Equity Share Capital of Rs.8,00,000 and Issued, Subscribed & Paid-up Capital of Rs.7,99,000. And the company is also having Authorised Preference Share Capital of Rs.2,00,000, however, no preference share has been issued at all and such Issued, Subscribed & Paid-up Preference Share Capital is Zero. Therefore, total paid-up capital is Rs.7,99,000 only.

Now I wish to draw attention on two problems in filling MGT-7 as under:

1. While filling details of Preference Share Capital details, the Form accepts figures of Authorised Capital but it does not accept 0 value in the boxes for Issued Capital, Subscribed Capital & Paid-up Capital. Instead it shows error message that the value to be filled must be less than 999,999,999 and greater than 0. How can we put value greater than 0 when there is no issued, subscribed & paid-up capital.

2. Proviso to U/s 92(1) of the Companies Act,2013 states that in case of One Person Company and Small Company, the Annual return will be signed by a company secreatary and if there is no company secretary, then by the director.
In our case, there is no company secretary, and whenever I use "Check form" function of the Form, it shows error message that "Membership Number of Company Secretary is not entered". I tried to fill 99999 or 00000 in the box of membership number of company secretary, then the "Check Form" function worked but on prescruitny, there appeared error message that " Membership Number of the Company Secretary is invalid".

So please help me as it is a universal problem of the Form MGT-7 for all small companies in whose case only the director is required to sign the Form MGT-7.

Thanks and regards

Raj
+91-9991016970