As per Section 139 of Companies Act, 2013, there is mandatory clause requiring rotation of auditors if the borrowings from banks in case of an unlisted public company crosses ₹ 50 crores. However, 3 years is given as transition period for rotation. In one case, the borrowings have crossed ₹ 50 crores only in FY 2016-17 for the first time. Therefore, would an auditor who has been the auditor of the company for the last twenty years be eligible for FY 2017-18 or no ? Would the transitional period of 3 years begin from the date of commencement of Act or from FY 2016-17 ?

Hi All,
If in one company 4 director(2 NRI/ 2 Indian) and 2 Indian director wants to resign from the company. can they resign normally or any other compliance required because after resign only 2 NRI directors would remain in company?

WHAT IS THE PROCEDURE FOR CONVERSION OF PRIVATE COMAPNY INTO SECTION 8 COMAPNY?

When all the director's are disqualified u/s 164(2)(a) then we can appoint a new director by making a request to ROC thorough request letter?

How to alter e-MOA with regard to increase in authorised share capital.Whether any forms to be uploaded other than SH-7 and MGT-14?

please tell me what are the difference between Promoter Director , Professional Director and Independent Director

Is it necessary to submit the pending returns or compliance part of 2 or 3 years before going for strike off for a company.

As the company is no more in function from past 2 years and nor it has filed any annual return or financial statements with ROC.
Do company need to opt the CODS scheme to file its pending returns to go for strike off?

or Cant we directly go for striking off without completion of pending statutory returns?

what is difference between independent and non independent directors in case of Private Company.
1. Director is taking salary and also shareholder whether he is independent or non independent.
2. Director not taking salary and also not shareholder but mentioned as executive in DIR-12
3. Director taking salary but not shareholder whether he is independent or non independent.
4. Director not taking salary but shareholder whether he is independent or non independent.

What form are to be uploaded for annual filling of ROC for 2015-16??

In registration of new private limited co.. what documentation is required from director??