Dear all seniors,

Query:-

A company is incorporated on 04.03.2011 as a private limited company.Is it mandatory for the company to close its final accounts on 31.03.2011? than when we have to convene AGM?
Is there any other option for the company for both the ROC and Income Tax purposes.

An early reply is highly appreciated.


Thanks In Advance@@@@

Hi,

Please let me know if a private limited company also have to get eligibilty letter from the auditors appointed. As per the fourth proviso added to sub-section (1B) by the Companies (Amendment) Act, 2000, private companies have been excluded from the existing ceiling of 20 audits per partner and sub-ceiling of 10 audits for companies having a paid up capital of Rs. 25 Lacs or more. Thus, apart from 20 audits of public companies, an auditor may conduct audit of private companies without any ceiling. But the Section 224 says clearly that all companies need to get the eligibilty letter, whether private companies also need to get?

A shareholder of a public listed Company has requested via email to provide Copy of the following Documents:
1. Copy of Minutes of last AGM
2. Copy of Register of Investments
3. Copy of Register of Contracts
4. Copy of last Annual Return of the Company

Can the Company simply provide the timing to the shareholder when the documents will be open for inspection at the registered office of the Company.

Please advice, if the Company is required to provide soft copies of the aforesaid documents asked by the shareholder via Email.

With best regards
kumud Gupta

A shareholder of a public listed Company has requested via email to provide Copy of the following Documents:
1. Copy of Minutes of last AGM
2. Copy of Register of Investments
3. Copy of Register of Contracts
4. Copy of last Annual Return of the Company

Can the Company simply provide the timing to the shareholder when the documents will be open for inspection at the registered office of the Company.

Please advice, if the Company is required to provide soft copies of the aforesaid documents asked by the shareholder via Email.

With best regards
Deepika Bhardwaj

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Are the directors appointed by proportion representation u/s 265 counted in 'Total No. of Directors' for the purpose of sec 255/256 or they are exempted from total no of directors?

Please reply....

One of my Client company has turnover of Rs. 7 Lacs and capital is only Rs. 5 Lacs but Secured Loan outstanding is of Rs. 26 Lacs then CARO will applicable or not as TAX audit is not applicable on the company.

Sir, One of my client Private company has secured loan outstanding of Rs. 67 Lacs as on 31.03.2011 so CARO 2003 is applicable but its capital is only 5 Lacs and also turnover is only 70 Lacs.

Then Pls guide whether Internal Audit is applicable or not and if yes what will be the other compliance company has to follow.

Can a private limited Company conduct a Board Meeting for approval of accounts and then on the same day conduct the Annual General Meeting for adoption of the accounts so approved ? Please let me know if it would be in complaince with the Companies Act, 1956? Urgent

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please ans fast

on mail vrinda.maheshwari@adityabirla.com