Dear Experts,

One Pvt Ltd. incorporated in Nov-2011, did not convene any Board Meeting. The Directors were not aware of Company Law Provisions & no such records were kept either.

The Director now approaches me for auditing their books of accounts. My question is -
(1) If i show as First Board Meeting convened during 3 months time limit, & get myself appointed as statutory auditor, what should be the date of intimation for such appointment? For example, if they appoint me on 31-03-2012, then do I need to file E-Form 23B on/before 07-05-2012 or I can file even now, attaching a back dated intimation?

(2) What shall be the liability of auditor in case he fails to file Form 23B withing the Statutory Time Limit as per Sec.224(1B)? Asking from ICAI/MCA Disciplinary Action Viewpoint.

(3) If i take a recent dated intimation for appointment, then will pvt.ltd co face any actions from ROC for delay in intimating to the First Auditors?

Plz advise what should be done.

Dear All,

There are two shareholders in a Private Company A & B. The Company intends to issue and allot further shares to A. In this case whether this allotment is preferential allotment or not? Accordingly is a general meeting required or Board meeting would suffice?

Regards & Thanks.

As per the RBI Act the company engaged in business of acquisition of shares/stock/bonds/debentures/securities issued by Government is treated as NBFC.

But Can a company engaged in business of trading in government securities with its own fund can be treated as NBFC?

Please advice.

In case of appointment of auditor form is not filed for previous year ie finanical years from 2008-2010 . but form such as annual return and finanical accounts are filed . then also we need to file 23b as after 11 aug fees will be leived on same.

Nationalized banks to be considered as a Comapny registered as per Companies act, 1956?

Abhay is a director in two pvt. companies. He attended board meeting of these two companies on same date in the same building at 2 pm & 4 pm respectively.

(i)Can abhay draw travelling allowance from both d co's?

(ii)Is he entitled to receive sitting fees from both d co's?

Dear Sir/Madam,

Please provide me a Specimen Board/ Ordinary /Special Resolution in case a Private Limited Company is purchasing a Proprietorship Firm.

Thankyou

Hello friends,


i had filed form 23 for preferential allotment u/s 81 (1A) but ROC demanded for certificate under gudeline 2003


can any one tell me who can issue such certificate and one of the pro-forma of the same certificate

206. DIVIDEND NOT TO BE PAID EXCEPT TO REGISTERED SHAREHOLDERS OR TO THEIR ORDER OR TO
THEIR BANKERS
(1) No dividend shall be paid by a company in respect of any share therein, except -
(a) to the registered holder of such share or to his order or to his bankers ; or....

my question is based on above provision (or to his order) can a registered member issue an order / mandate to a company to pay his share of dividend to another member? Is it legally valid when company does not receive any transfer of instrument as such. Please help ASAP

Hi,

1. A Company approved its accounts in a Board Meeting, finalised the date of AGM and passed the resolution for notice of AGM.

2.Later on,another BM was convened before AGM and an additional director say Mr. X was appointed in this meeting. Now the issue is that will Mr. X be regularised in coming AGM or not? If yes, than do we need to amend the existing notice or issue an additional notice. Also, if the existing notice to be amended than what would be date of issue of notice?