Hi, My Company has 4 director out of which Director KYC of 2 Directors are not completed till date. So i can,t File Annual Compliance. Director KYC documents will be received after a month. So please guide me how cant i file my MGT-7 and AOC 4.?

In my view there should be other way to file compliances..its not a fault a Company.

Hi All,

As per section 138 of Indian Companies Act 2013 read with Rule 13 Of Companies (Accounts) Rules, 2014, certain class of companies are required to appoint Internal Auditors first condition being turnover exceeding INR 200 crores during preceding financial year.

It's not very clear whether this section will still be applicable if the turnover falls below cut off .Please advice.

Example - 2017- 18 : turnover = INR 250 crores , so the company is mandatorily required to appoint internal auditor on its payroll before 30th september 2018.

Now , in 2019-20 : turnover = INR 100 crores( assuming) , will the company still be required to employ internal auditor on its payroll ? Or every year the appoint is subject to the the realised turnover ?

Thanks

One of my client is resident of Malaysia. he likes to incorporate a company in India. In this company one director is Indian resident and another one director is resident of Malaysia.

While incorporating a private limited company we need to submit DIR-2 and INC-9. Here, Indian director have to take printout on 20 Rs stamp paper and get notarized.

For foreign director have to take normal print out and get notarized in Malaysia public notary and Apostilled.

My question is where to get Apostilled in malaysia ? Kindly guide me regarding this...My Malaysian client don't know about apostille.

Dear Friends,

My Mother in Law has gifted me her 75 shares in a private ltd company.

1. should there be a consideration since the value of shares is 0 by virtue of it being a gift
2. I have the signed share transfer deed , do I also need to take a gift deed , what is the format and do I have to take it on any stamp paper

Kindly Advise

PL ANY BODY HAVE REPORT BOARD OF DIRECTORS
THE COMPANY IS FIRST YEAR AND CAPITAL 100000 RS

HI

1. CAN A PVT LTD COMPANY ACT AS A PROPRIETOR?
2. IF NOT, THEN WHY NOT? IS THERE A SPECIFIC LIMITATION IN ANY PROVISION OF ANY ACT, FOR A COMPANY ACTING AS A PROPRIETOR?
3. IS THERE A LEGAL DEFINITION OF A PROPRIETOR IN INCOME TAX ACT,? IF SO, PLEASE ADVISE AS TO THE SECTION FOR THE SAME, OR WHAT IT SAYS.

MY CHAIN OF THOUGHT, A PVT LTD COMPANY IS AN ARTIFICIAL JURISDICAL PERSON, AND IS ABLE TO OWN AND HOLD PROPERTY IN ITS NAME, IS ABLE TO SUE AND BE SUED IN ITS NAME, THEN WHY NOT ACT AS A PROPRIETOR?

dear all
what is the procedure for conversion of private ltd to limited liability partnership (LLP).
thanks .

Can a private company take loan at interest from an individual outsider? Will that not come under deposit? And as per deposit a private company cannot take loan from individual outsider. Kindly advise.

Is it necessary for two Directors to sign the financial documents of a pvt ltd company which is to be uploaded on website of ROC

my LLP formed on 15 th Jan 2018. do I need to file form 8 and 11 for FY 2017-19. WHEN should be my first annual filing. what are the things to be kept in mind while filing first annual return?