Dear All,

This query is with regard the compliance of section 212 of the Companies Act, 1956.

If the laws of the country in which the subsidiary is registered does not require the accounts to be audited mandatorily,
Still is it necessary to get the accounts of subsidiary audited?

Or the signatures of the directors of subsidiary are sufficient on the financials.

Kindly share your views.

Sir,

Is there any provision to reissue the same company name which is strike off.

Actually we have a client who has formed a company is 1996 and which name is strike off in 2001 now they want to reissue that company name.
Is there any possibility?

Dear Members.

could anyone guide me while issuing COMPLIANCE CERTIFICATE AND SEARCH REPORT to the company is it necessary to take management representation letter from the director of the company.

Members views solicited.

Thanks in advance.

Regards
Girish

Respected Experts,
I HAVE PUT THIS QUERY ON JUNE 12, 2012 BUT THERE HAS BEEN NO REPLY FOR THE PAST 2 MONTHS, ANY EXPERTS THERE TO GUIDE WILL BE A GREAT HELP FOR ME ALSO FOR THE READERS WHO GO THROUGH THIS QUESTION.
Since there was some discrepancies (for example overstatement of expenses or understatement of sales which affects the profit of the company) in the accounts of the company which were approved by the directors in the board meeting. Now before filing the return of income the company wants to set right the books of accounts. IS it possible for setting right the books of accounts?
If yes what is the procedure and what are the sections so that i can pracitcally do it.
Please provide ur explanation detailedly so that i can understand it and implement it properly.

Thanks & Regards,
Rajesh.

THE DIRECOTORS OF MY COMPANY ARE ALSO DIRECTORS OF A DEFAULTING COMPANY.
SO CAN DSC OF THESE DEFAULTING DIRECTORS BE USED FOR ANNAUAL FILING IN MY COMPANY?
PLS SPECIFY.
ITS URGENT
THANKS IN ADVANCE

Since no specific power is required for appoimtment of director filling casual vacancy undr articles. However, if articles provide the manner of filling the vacancy ,it should be filled as the articles required.
Does it mean that casual vacancy can be filled by passing circular resolution.?
Plz help...

A Company has obtained car loan of Rs.5 Lacs from a nationalised bank.The Bank has not yet executed any hypothecation deed.It has executed a loan agreement as well as a Personal Guarantee Agreement. However, there is an endorsement on the RC Book of the vehicle.

Whether it is mandatory to creat and register the charge with the RoC for the above car loans?

If registration is needed ,can prescribed Returns be filed with the RoC without any Hypothecation Deed?

in case of new company of which AGM wil be held in future or in case of first auditor, Form 23B is require to be filed???

As per new schedule VI there is no place for 'miscellaneous expenditure to the extent not w/off or adjusted' (preoperative exp)in the balance sheet

even if we write it off fully this year how should we show the last year's balance in last yr's column in B/s?

Also will a resolution be required to be passsed for the above w/off?

A Holding Company holds 100% shares in a subsidiary Company. in orderto comply with the requirements of Seven members, holding company along with 6 of its nominees hold equity shares in the company.nominees hold one equity share of Rs. 10/- each. whether Section 187-C will apply in respect of the said nominees?. whether the provisions of Section 187-C stands reduntant w.e.f 13.12.2000 (comapnies {amdmnt} 2000)? Please guide.