prachi gupta

Can company have MD & CEO both under new company act

Because under section 129
Financial Statement should be signed by two directors out of which one shall be managing director and the Chief Executive Officer.

Can anyone please explain.


Rajendra Mehta
28 November 2014 at 16:08

Commencement of business certificate

Dear sir,

According to New Companies Act,2013 commencement of Business certificate is compulsory to be obtained for Public Ltd as well as Pvt Ltd companies. What is the date of effect of this law.

Below mentioned are the dates on which 3 separate new Pvt Ltd companies were incorporated. Please tell me whether it is compulsory to obtain Commencement of Business certificate for these 3 companies.

1) 08/08/2013
2) 14/03/2014
3) 21/03/2014.

Please reply,
Thanks



Anonymous
28 November 2014 at 15:41

Change in authorised capital

Dear Sir,

Kindly help with the following query

A private limited company wants to increase the authorised capital. The company was incorporated prior to 2013 act.

Now while making the changes in the memorandum for change in capital, do we also need to delete the other objects clause. The company is not carrying any business as mentioned in other objects. they are doing activity as per the main obejcts.
but since now the change is in 2013 so whether the other object clause has to be deleted or only change has to be done to capital clause.
also if the other objects has to be deleted, kindly inform the procedure and the forms to be filed.

Thanking you
Santosh Marathe.



Anonymous
28 November 2014 at 14:53

100% subsidiary

hello everyone
i would like to ask you that how co a company become 100% holding company according to co act 2013??



Anonymous

i will not file a return of loss making company. then what will be the maximum penalty. company are in loss from the date of incorporation (from the last 4yrs).the paid-up capital is 10,00,00.


ARUN KUMAR MAITRA
27 November 2014 at 18:28

Board committee

If a listed company while re-constituting the audit committee/other mandatory committee mentions that the terms of reference of the committee(s) shall be in accordance with the applicable provisions of the Companies Act, 2013 and LA. will it be adequate?



Anonymous
27 November 2014 at 17:28

Merger

Sir,

There is an arrangement of two(Co. A and Co. B) both private Limited Company going for merger.
Company A (Transferee Company) is a subsidiary of other Company X Pvt. Ltd.

My Query:

Whether the Creditors of the Holding Company X Pvt. Ltd. may have right to object or any other way have any role in the proposed Merger.

Can a court or any other authority may call for the creditors meeting/NOC of the creditors of the Holding Company.

Note:- Shareholders and the Creditors of the Transferor and Transferee company having no objection in the proposed merger.


Pooja
27 November 2014 at 16:42

Query

Dear Experts,

Please explain whether the old circulars notifications issued by MCA, DCA as per old companies Act 1956, are still valid or not...???
IF NOT then WHY??
IF YES then HOW, any reference?

Please clarify...

Thanks in advance...
Best Regards
Pooja


Ruswin Ahamed
27 November 2014 at 15:19

Auditor appointment

What are the provisions regarding Appointment of Auditor in Private Limited Company, As per CA2013.


ie; I wanna know that, Do we have to appoint the Auditor of FY2014-15 for 3 or 5 Year of can we appoint for ONE YEAR as current practice....



Thanks in advance...


expecting valuable replies....


kumaraswamy
27 November 2014 at 13:12

Income tax/balance sheet

Hi,
we(Propritor firm)applied to bank for loan towrds godown construction in IDA place.
bank loan given as home loan so how treated this loan & how to take loan, interest in our books.
how we have to treat loan, interest and godown account in books , as per law.





CCI Pro
Meet our CAclubindia PRO Members


Follow us



Answer Query