Dear Sir,

I have few queries regarding Corporate Social Responsibilty (CSR) rules.

1. From which financial year a company which comes under CSR applicabilty has to spend atleast 2% of average net profits of last three financial year? From F.Y.2013-14 or from F.Y.2014-15.? (CSR reporting will be applicable for From F.Y.2014-15.)

2. Whether a company has to spend 2% of average net profit for each three years?? i.e. for f.y.2011-12, f.y.2012-13 & f.y.2013-14? or for only F.Y.2013-14.?

3. Listed or other prescribed companies can not appoint an audit firm for more than two terms of five consecutive years. in that case, Where a Statutory auditor is a firm, period of appointment will be counted from F.Y.2013-14 or from previous years??

4. Are there any institution or trusts prescribed for spending 2% of average net profits??.

I will be very grateful to you for providing some guidelines and clarity on above subjects. or provide reference to clear my doubts.

waiting.....:)

pls provide me the resolution authorizing to take booking at DDA land and also provide the resolution for accepting share application money

Hi,

Someone may please see the following and reply, if possible:

Query(s)

When the Form 17 was uploaded, the portal was throwing the following error:

‘Signature validation failed for Signature field for Bank Official / Charge Holder. The person is not authorized to sign on this field’.

At the first instance, I could believe the error could be due to ‘role check’ not done by the Bank Official / Charge Holder. However, the Bank Official was confirming that he has been regularly using his DSC for Charge Related Forms.

Can someone conclude from practical experience on such matters?

Ans:...............

Thanks in advance for the reply(s).

sir,
as per provision of section 180 of companies act 2013, every company has to seek special permission from members if borrowing exceeds paid up capital , free reserves and already taken borrowings...
in case of private company:
1.is there any %limit for borrowing.
2. what should be done in case the borrowing already exceeds the said limit.
3. loans from director/ related party/ inter corporate borrowings shall be included or excluded and upto what extent while calculating the limit.

Hello everyone,
here is my query
in a private company, there is 5 shareholders and 2 out of them holding 56% shares. now both wants to transferring its whole shareholding to other members.
So what is the procedure,legal requirement and documents to be filled?

and also what if there is only 2 shareholders in company and they wants to transfer their shareholding?
Thanks in advance

As per sec.190 of the companies act,1956 there are some matters for which a special notice is required to be given for the resolution to be taken in the meeting. But my query is that what kind of resolution will be that? Ordinary or special? What % of total votes casted is required as votes in favour in this resolution? I'm very confused and wasting much time by thinking over it.. Please help.

hi,
recently i have incorporate a new public limited company, where a company not issues Prospectus for public subscription. For obtaining certificat of commencement of business:
1.Is E-Form 62 is required to be file?

2.What is the amount of stamp duty to be paid on Form 20?

Dear Experts

While filling form 1 of LLP in point 3 following is the heading:

"Details of two proposed Designated Partners (one of them should be a resident in India)"

1. There is 5 Designated partners (DP) in LLP. How to fill the details of all of them in Form-1?
2. only details of 2 DP can be filled even if there are more than 2 DP?

Thanks

Sir/ madam,

According to Section 180(1)(c) of Companies Act, 2013, if the BOD takes any borrowing in excess of aggregate of its paid up capital & reserves, then a special resolution is required to be passed.

My query is whether the term "Borrowing" includes unsecured loans form Directors as well.

Kindly reply as soon as possible.

In which format a Private company should maintain its statutory registers? Either in soft copy or in hard copy?