Hello Everyone........!!

Few days back i had applied for the name approval of a newly chit fund company in Form INC-1. but ROC rejcets it and sent for resubmission error shows:-

FILL UP COLUMN 15(a) AS YES SINCE THE ACTIVITY REQUIRES THE APPROVAL OF ANOTHER REGULATORY AUTHORITY.

Now i have resubmitted the form by ticking column 15(a) as YES and name also gets approved. but i have not attached any approval letter because it can be attached while uploading FORMS INC 7, 22 and DIR 12.

Now from which regulatory authority am i required to take a approval. and is it necessarry because chit fund company is a residuary NBFC and not carrying any type of business which other main NBFC carries.

KINDLY REPLY ITS VERY URGENT.......

As we know the composition of Nomination Committee that is

" A. The company through its Board of Directors shall constitute the nomination and remuneration committee which shall comprise at least three directors, all of whom shall be non-executive directors and at least half shall be independent.Chairman of the committee shall be an independent director.

Can any one tell me the difference between non- executive and independent Directors?

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post incorporation works

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CSR is mandatory or not?

DEAR ALL,

REQUEST YOU TO PROVIDE ME SAMPLE RESOLUTION FOR FINALISATION OF ACCOUNTS FOR FILING MGT-14

thanks in anticipation

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