There are 2 questions:
1) ICAI Module states that express power of Articles is required to declare Interim Dividend whereas Companies Act itself provided the power is Sec 123 (3) and does not mention any such requirement.
2) ICAI Module states that Interim Dividend can be revoked by consent of all shareholders but Companies Act is silent. However Companies Act states that all provisions of Dividend shall apply to Interim Dividend by virtue of Definition Clause. Therefore since Final Dividend cannot be revoked it shall mutatis mutandis be interpreted that Interim Dividend also cannot be revoked.

So is ICAI Material incorrect in this respect, or is this interpretation defective. Kindly clarify

Hi all

Have not generated the UDIN for the Annual ROC filling of the clients for the FY 2020 and 2021 due to lack of knowledge

What can be done now as a CA

Thanks all

While filing CSR-1 for society should we mention detail of the entire managing committee or detail of secretary will suffice.
If managing committee details should be mentioned then what designation option should be selected as only following options are there directors, chairperson, trustee, secretary and authorised representative. In case of society there are president, vice president, treasurer etc. Please guide.

I have filed form INC-20A after 180 days and I have not received the certificate of commencement of business. I have not received the certificate because I have filed delayed form? Does any one guide me through this.

Resp. Sir/Madam,
What is present stamp duty rate ( in Maharashtra wef 01.04.2022) for Form STK-3 (Indemnity Bond) and Form STK-4( Affidavit) ?

What happen the member sold all the shares to other and exit the company. Then what happen to ledger folio number of the company Register?

Required to know what is the transfer no. in the back side of the Share certificate in the SH-1?
If i need to transfer the part of the shares to some other how can we fill the transfer no. in the back side of the share certificate.

Whether Microfinance company registered under Section 8 ? if yes, ROC not approving RUN name reservation form due to words like "Micro Benefit/Micro Credit / Micro finance " include in main object clause.

As per RBI Circular stated that Micro Finance Companies Sections 45-IA, 45-IB and 45-IC of the Reserve Bank of India Act, 1934 (2 of 1934) shall not apply to any non-banking financial company which is Circular no. RBI/2015-16/15 DNBR (PD) CC.No.052/03.10.119/2015-16 dated July 1, 2015 (a)engaged in micro financing activities, providing credit not exceeding Rs. 50,000 for a business enterprise and Rs. 1,25,000 for meeting the cost of a dwelling unit to any poor person for enabling him to raise his level of income and standard of living; and (b) licensed under Section 25 of the Companies Act, 1956; and (c)not accepting public deposits as defined in paragraph 2(1) (xii) of Notification No. 118 /DG (SPT)-98 dated January 31, 1998.

Please clarify whether Section 8 Company Can do microfinance business within prescribed limits ?


Please help in this matter. Thanks

Hi,

I am trying to upload to OPC registration forms but once i upload documents in linked e forms, fees is not showing in MCA. if i click on finish button it says your reuest couldnot be processed. There has been an internal application error.

can someone tell me what could be resolution for the above issue?

how much stamp duty to be paid on affidavit and indemnity bond for strike off of llp in Delhi?