Is it mandatory to appoint Statutory Auditors for five years under Section 139 (1) of the Companies Act,2013 for a private limited company having paid up capital of Rs.10 Lakhs.

Section 139 reads as follows Every company shall at the first Annual General meeting appoint an auditor who shall hold the office from the conclusion of that meeting till the conclusion of the sixth annual general meeting.

Here is that First AGM held after incorporation or First AGM held after the Commencement of the Companies Act,2013?.

Regards,
Vidhya
Company Secretary

Are penalties u/s 147 in addition to punishments under respective sections; that it covers?

Private Limited Company having Authorized Share capital 25,00,000.00 and paid up capital 24,82,000.00. Last year's turnover is above 3 crores. Form the very beginning i.e. from 1989 the same Statutory Auditor Firm have been appointing as Auditor. Now the question is whether that firm is eligible for their re-appointment for that company for the Year 2014-2015?

Hi Experts,

Can we take note of resignation of a director through passing circular resolution, as per CA Act, 2013?

And apart from DIR-11 and DIR-12, what all forms are required to be filed with ROC for said purpose.

Thanking you in anticipation for your valuable advice.

Dear Sir,
I am Auditor of one Pvt. Ltd. company incorporated in Dec'13. company appointed me as a auditor in first AGM held on 05/09/2014 i have completed my audit. but now my question is whether Annual Account has to be Approved in EGM or it should be approved in AGM only. what step we have to be taken regarding this issue.

Is there any in the change in the requirement for compliance certificate due to the companies act, 2013, as previously it was required for a company having a paid-up capital of Rs.10 lacs or more.. .and also is there replacement of form 66 with any other form?? plz reply

Dear Sir(s),

Pls advise that the new Director Report (u/s 134), Forms MGT 9, MGT 7 & AOC 4 are applicable from FY 14-15.

So, for FY 13-14, Form 20B, 23AC & 23ACA are applicable.

Regards
Girish

SIR,
A PRIVATE LIMITED COMPANY INCORPORATED ON 01/04/2001 HAS ADOPTED W.D.V. METHOD OF DEPRECIATION.
THE W.D.V OF PLANT AND MACHINERY AS ON 31.03.2014 IS RS. 25.00 LACS
THE COMPANY HAS PURCHASED PLANT AND MACHINERY IN DIFFERENT YRAR FROM 01/04/2001 TO 31.03.2014
SIR HOW THE USEFUL LIFE OF THE ASSET WILL BE DETERMINED AND HOW THE DEPRECIATION WILL BE CHARGED FOR THE F.Y.2014-15 UNDER SCHEDULE-II OF THE COMPANIES ACT 2013
WITH REGARDS
PANKAJ KUMAR SRIVASTAVA

Sir,
what will be the process of shifting of minutes , registers from registered office to head office?will a board resolution will be enough for the said purpose?Do we need to file the same with ROC (MGT-14)

In a company 2 additional directors have appointed on 26.03.2014. Now what is the process to convert their designation from additional director to director?????//

Whether such conversion is mandatory before AGM or not???/// Whether they are authorised to sign the annual return of that company?//

plz suggest me complete procedure of the same.
thanks in advance