as per companies amendment act 2017 only listed public companies will be required to form audit committee ..but as per LOADR which is applicable to any listed alentity who have listed any of specified security ( say non convertable deb.) , every such entity is required to create audit committee .


query:- in case pvt. co. has listed its non convertible deb. on recognise stock exchange then will it be required to have audit committee.?

I have incorporated a pvt ltd company in 2014 till now i have not filed any returns with ROC since company is not doing any business; now the directors want to close company.

So kindly tell me what is the procedure for closing a company and also is it compulsory to file returns with ROC or I can directly file application for closure.

Thanking in advance

As per companies amendment act, 2017 , co. Having deposits shall be req. To create deposits repayment reserve on or before 30 april of every fy account for an amount of 20% of deposits maturing at the end of next fy or following fy.? Or of both

Mr. X is a Director of ABC which is a public company. Can ABC co take a loan for purchase of car by Mr. X for his personal use.Mr. X does not hold any shares in ABC co and he is a non executive Director. Please advice.

Regards
Prashant Parekh

Company Incorporated in November 2013, but not started business. Not made any filing yet.

Now they can wind up the company by Fast Track Exit Scheme and Strike off a company under Section 560 ?
whats the procedures ?

As per Section 196(3)
No company shall appoint or continue the employment of any person as managing director, whole-time director or manager who —
(a) is below the age of twenty-one years or has attained the age of seventy years:
Provided that appointment of a person who has attained the age of seventy years may be made by passing a special resolution in which case the explanatory statement annexed to the notice for such motion shall indicate the justification for appointing such person;

So to appoint an ordinary director above the age of 70 SR is required ?

Can a CFO of one company hold the designation of Director(Executive/Non Executive) for another Company.

Please attach sample affidavit and declaration by first subscriber(s) and directors) under companies act 2013.
Is it in INC-9 format?? Want to be executed on Stamp paper?

While taking DIN on Spice form, As a Proof of identity, we have to submit Voters ID/Passport/Driving Licence. No other option on Drop down menu, Is any other proof is allowable??
Same case for Residential proof, Only Bank statement/Electricity/Telephone bill is shown, Is Aadhar or other proof allowable?

Stamp duty under Kerala Stamp Act for Company incorporation under Spice form??