amit
21 March 2020 at 13:53

Change in Tax Auditors - ROC

Ours is a private limited company. We want to change our Tax Auditors - CA for the AY 2020-21. What is the procedure & How much time it will take.

2) Shall it make any difference, if we do it now, or we do in April 2020.


AviGan

Sir/Madam My query is if 2 individuals are shareholders of a private limited company holding 49% and 51% shares and are also directors of the same Company Will they be treated as Significant Beneficial Owner and Will the Company file BEN-2.

Thanks in Advance


HARISH BHATIA
14 March 2020 at 09:44

CHARGE REGISTRATION

Dear Sir / Madam,

one of my client has a taken an OD of Rs 30 lakhs, however, they have not done charge registration with Roc already it's beyond 300 days, now whats is the best solution to the client, the banker is repeatedly informing to do charge registration at any cost,
please guide us.


bonnie

I have one company just register 2 weeks before, now i need to transfer it to my wife, and it is said need valuation ceritification from CA, is this neccessary or i can use face value directly which is sign by director?


Isha Jaiswal
12 March 2020 at 13:10

Adjournment of Board meeting

Is it possible is board meeting scheduled for 25th August and meeting was started for approval of financial statement , meantime standalone was approved by the directors but consolidated was not presented , so the meeting was adjourned and scheduled for 26th August. So in this situation will this will counted two board meeting or one adjourned board meeting


MUSKAAN SEHGAL
09 March 2020 at 15:26

Audit

if any ca is in practice. and doing audit of some entities and opens a another sole proprietorship practice entity in the name of his wife (his name is not in new practice firm) for account maintenance of same entities( in reality he is maintaining account) of whom he is doing auditing .
Is it valid in eyes of law because the main purpose of various provisions is that the auditor must be independent . but threat of self review is exist here.


Nagamani
04 March 2020 at 15:41

Charge Creation

Hi,

We have a cash credit with HDFC bank which is secured against Fixed Deposits and book debts. The HDFC has created two line items with MCA and they are stating "Charge is based on security : its different for book debts and FD . so your total charge is limited to given limits only . " But I am claming this is wrong because it is showing two times , hence it looks the limit is double.

Please let me know is the bank correct
Regards
Nagamani


ACS heena
04 March 2020 at 12:23

TRANSFER OF SHARES

A shareholder of private company want to transfer shares at face value, what will be its implication and such transfer is possible?


Sunil

As per companies act 2013 standalone financial statement and consolidated financial statement of company can be approved in one board of director meeting


VARUN RANJAN
03 March 2020 at 16:03

Director

A Pvt company has 2 directors A & B. Director A loaned Rs. 5 lakhs to the company which was used to purchase machinery. The company is not returning the loan to Mr. A.
Can Mr. A sell or take over the machine?





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