While preparing financial statement of private limited company, whether LC and BG outstanding at year end should be shown in contingent liability. Suppose LC opened on 28th March, 2017 for 90 days, which is paid in time and before preparing financial statement. Should it be shown contingent liability ?

Whether Section 134(3)(m) READ WITH RULE 8 of COMPANIES (ACCOUNTS) RULES, 2014, on Conservation of Energy, Research and Development and Technology Absorption and Foreign Exchange earning and outgo is applicable to all kinds of private limited company like Trading, Service and Manufacturing or to only Manufacturing Company only.

Can anyone share extracts of rule or guidance note on same ?

What shall be the NOC Format to be taken from Legal Owner for Rented Registered office premises for Pvt ltd Company, whether same shall be applicable as of Non Rented Premises.

Immediate response is appreciable.

I am .ca final student. I want to self study corporate and allied laws please suggest me best book

In case of inadequate profit, max remuneration limit is for one director or for all directors?? plz explain

Dear All
Company had 2 directors ( A & B). Company appoint one additional director (C) on 21/02/2017.
Company hold EGM and altered Name & MOA filed MGT 14.
On 15/04/2017 A resign.
On 15/05/2017 company appointed D as additional director.
20/05/2017 B resign.
Now as from 20/05/2017 onward company had only two additional director.
How company can hold AGM and pass resolution at AGM as additional director holds office till date of AGM.
Please advise what is the best course of action.

As per section 143, if the directors is disqualified as on reporting date we need to report saying, None of the directors are disqualified .
What if the directors are disqualified, what we need to mention in the auditors report, which section governs the same.
any additional disclosure needed?

Kindly suggest !

company has issued Service Bill for F.Y 2015-16
in the year F.Y. 2016-17 company has reversal the bill
therefore
Revenue from operations for F.Y. 2016-2017 coming Negetive
Where to Show Revenue from operations.
in the Current year there is no new bill is issued so only reversal entry there in the FY 2016-17
Pls. Help.

Can a private Limited Company ( hereinafter referred as "Company") having no liability other than share capital and Equity SH Fund of 1cr can distributes its fixed assets among its members in shareholding ratio? If yes under which section and what will the tax liability to the company?

I have a query related to creation of trust by a public limited Company and appointing its whole time directors as trustees.

One of the Company proposed to establish a trust for spending it's CSR expenses through a Trust created by that Company.My queries are;

1. Can the Company appoint it's MD and Whole Time directors as sole trustees of that trust?

2.Whether permission of shareholders of the Company is required for creation of Trust?