dear sir/madem

A PSU company wants to reopen its accounts ( after approved in AGM and annual return filed) on the ground that Government grant wrongly shown in profit and loss a/c as Income.
Now Company wants not to show government grant as Income as government refuse to give the same.
So company shows its accounts on loss basis.
Is there any provision in company low for the same and will it be re-audited. Please explain briefly.

Dear all,


i want to make application for strike off the name of the company under FAST TRACK EXIT SCHEME and i have following financial situation in its Balance sheet

Share Capital Rs. 1,00,000/-
P&L (Debit Balance) Rs. 64000/- and
Misc. Exp to the extend not W/O Rs. 36,000/-

but when ever i put figures in Misc. Exp in e-form "FTE" it shows error that, Amount of Misc Exp should be Zero

pls guide me about this.

Kindly anyone solve following problem

Sit#1- In a plain private company, remuneration of a director, who is already in the Board, is increased/started giving. what will be procedure for it. Is there any limit on the salary in a simple private company? Is sec.314 is mandatory in this case.

Sit#2- In this very Private Company, relative of said director is appointed as a consultant, for instance, having engineering degree and proposed to give 50000 salary p.m.(example). what would be step by step procedure. Is his consent/disclosure required under sec 314(2A)? Is there need to pass special resolution in the Members Meetings?

I hope experts on this site will give their serious attention on the issue

Thanks and Regards,
Harvinder

We filed Form-1A with ROC to change our existing Pvt. ltd company name and approved the same by ROC. Kindly explain what is the next proceedure

Kindly give an expert advice on the following in case of Private Limited Company:

Whether I can add another director in the Articles of Association under the article First Directors??

If yes, then kindly provide me the draft of resolution of the said business.

Thanks & Regards.

I have applied for name change of a pvt. ltd. co. in form 1A on 30.01.2012. I have not received any reply yet. Can anyone plz tell me how many days it usually takes for reply?

Dear Sir / Madam ,

If I change Registered office address from Dahisar west to Dahisar East in the same ROC than such change of Registered office Address is require to change in MA & AA. if such change is required than what will be proceedure.

Our company has received share application money from Indian Company and foreign company.

Share application received from Indian Company (associate companies) pending for allotment for more than one year.

Share application received from foreign Company on November 2011.

As per the recent notification by MCA on share application money which is dated 14.12.2011, should I consider the allotment within 60 days of notification. In that case, should I allot the shares on or before 13.02.2012 or return the money on or before 28.02.2012. Pls advice.

A company registered in 2005 did not hold statutory meeting and filed statutory report with ROC.
The Company now wants to comply and file statutory report with ROC.
My Ques is what are the options available to the company:
1. To held statutory meeting in back date and file statutory report as on today, citing due to oversight company failed to file statutory report.
2. But if the auditors refuse to certify the statutory report in back date then what are the options available to the company. Can company held statutory meeting as on today and file statutory report as on today?
3. If meeting is held as on today than how recipts and payments would be shown?

The Company after necessary filings is ready to compound the violation of sec 165 under Sec 621A

Hello Sir

We wanted increased our company Authroised Capital kindly let me know what is procedure for the same & other statutory requirement

Thank in advance