Are all minutes of the company required to be filied with the ROC ? this Includes minutes of first board meeting, first AGM etc. if not then which resolutions are to be filed?

Dear Sir(s),

As per Sec. 139(1) fourth proviso, read with rule 4(2) of Companies (Audit & Auditors) Rules 2014, a company is required to inform the ROC regarding Auditor appointment within 15 days from the meeting in which he is appointed.

Relevent form is ADT-1. However, eForm ADT-1 is not yet available. Kindly advise how to go about it ?

Regards
Girish Sharma

Pl. know me is it mandatory to appoint auditor for 5 financial years as per companies act, 2013 or he can be appointed for 1 year , some companies want to appoint auditor only for 1 year.

Hi,

Following are my queries,

1) If the No. of directors falls below the statutory limit for a Public Limited Company (Unlisted) . what are the Consequences?

2) W.r.t above , i am not planning to fill the vacancy in directors for another 6 months. what are the consequences?

Thank You in Advance.

Dear Professional colleagues,


Sub-section (5) of section 135 of the Companies Act, 2013 states that, "the board of every company referred to in sub-section (1), shall ensure that the company spends, in every financial year, at least two percent of the average net profits of the company made during the three immediately preceding financial years, in pursuance of its Corporate Social Responsibility Policy.

However, proviso (ii) of sub-rule (f) of rule 2 provides that, "net profit in respect of a financial year for which the relevant financial statements were prepared in accordance with the provisions of the Companies Act, 1956, (1 of 1956) shall not be required to be re-calculated in accordance with the provisions of the Act."

Kindly clarify the applicability of proviso (ii) of sub-rule (f) of rule 2 and also clarify, whether for determining the funds to be allocated for CSR for the FY 2014-15, the net profits of the three immediate previous FY's i.e. 2010-11, 2011-12 & 2012-13 have to re-calculated as per section 198 of the Companies Act, 2013 or net profits as already declared in the books of accounts have to be taken into account.

Seeking an early clarification.

Thanks & Regards

Hi all,

Can any one please share New company law PDF.

Thanks in Advance.

Our client company (PVT) took an unsecured loan from director cum shareholder in February 2014 of Rs.250000. what is the legal compliance under companies act.

Dear All,

A Private Limited not laid financial statements at the agm due to unaudited financial statements plus they doesnot form any file for grant of extension of agm to ROC. Now what are the consequences for the same.??

Date :
AGM 30.09.2013
Auditor sign the balance sheet on 18-03-2014

One of the company forwarded the P & L & B/S for the year ended 31.03.2014 duly signed by two director to the auditor for their report .The auditor also signed and provided their report in the same meeting.The director put their directors report for approval by the board in the same meeting.
In the same meeting the director issued notice & agenda to consider the re appointment of the existing auditor for next year sending the annual accounts,auditor report,director report and notice and agenda calling the AGM for 30.09.2014.
The board also authorized a director to file the required document with ROC in the same meeting.
Please advise whether the above is correct under Company Act 2013.

A private limited co incorporated on 27/12/2013 under co. act 1956. what will be the due date for holding of First AGM. will it be governed by co. act 1956 provisions? or 2013 act provisions??