In a Pvt Ltd Company 2 Directors are there. and in a related party transaction one of the Director is interested then how to pass the resolution at Board meeting?

Financial statements should be adopted in AGM but can AGM be conducted without adoption of financial statement ? i.e. adoption of account is compulsary agenda item for AGM ?

i am filling form aoc 4 for a private limited company i want to know the ITC / NPCS CODE FOR BUSINESS TRADING AND INVESTMENT IN SHARES . PLEASE TELL ME SAME SO THAT I CAN FILL IT .

Dear Sir,

Recently MCA has given list of Disqualified Directors and period of Disqualification is 5 years.

My query is if one person has a Director in 4 different Companies say A Ltd, B. Ltd, C Ltd & D Ltd

A Ltd - Company Status is Strike off -- MCA has given his name in Disqualified Directors List
B Ltd -- Company Status is Active -- MCA has given his name in Disqualified Directors List due to annual return is not filed.
C Ltd - Company Status is Active -- MCA has not given his name in Disqualified Director List -- Annual Return is pending for filing past 3 Years
D Ltd- Company Status is Active -- MCA has not given his name in Disqualified Director List - Company is regular in filing of his annual return.

Whether above Director is disqualified from all 4 Companies ? Whether he should continue or Discontinue in active Companies ?
in Case of B Ltd and C Ltd ,Whether Company can file its annual return without prior approval of any authority? In D Ltd Director should continue or not ?
How to Remove disqualification of Director ?

Regards,
Sachin

As per Section 135 (1) of Companies Act, 2013

Every company having net worth of rupees five hundred crore or more, or turnover of rupees one
thousand crore or more or a net profit of rupees five crore or more during any financial year
shall constitute a Corporate Social Responsibility Committee of the Board consisting of three or
more directors, out of which at least one director shall be an independent director.

Question- whether the net profit which is mentioned above under section 135(1) is Net Profit
after tax or Net Profit Before tax?
Because Nowhere in Companies act, 2013 it is defined whether it is Net Profit Before Tax or Net
profit After Tax.

Once ministry came out with
General Circular No. 01/2016 No. 05/19/2015-CSR

And in the circular, it is defined in reference to
Question-Whether the “average net profit” criteria for section 135(5) is Net Profit Before tax or
Net Profit After Tax
Answer- computation of net profit for section 135 is as per section 198 of the companies Act,
2013 which is primarily Profit Before tax.



SO I WANT TO KNOW FOR CSR APPLICABILITY UNDER SECTION 135(1) WE HAVE TO CONSIDER NET PROFIT AFTER TAX OR NET PROFIT BEFORE TAX?

As per Section 135 (1) of Companies Act, 2013 Every company having net worth of rupees five hundred crore or more, or turnover of rupees one thousand crore or more or a net profit of rupees five crore or more during any financial year shall constitute a Corporate Social Responsibility Committee of the Board consisting of three or more directors, out of which at least one director shall be an independent director. Question- whether the net profit which is mentioned above under section 135(1) is Net Profit after tax or Net Profit Before tax? Because Nowhere in Companies act, 2013 it is defined whether it is Net Profit Before Tax or Net profit After Tax. Once ministry came out with General Circular No. 01/2016 No. 05/19/2015-CSR And in the circular, it is defined in reference to Question-Whether the “average net profit” criteria for section 135(5) is Net Profit Before tax or Net Profit After Tax Answer- computation of net profit for section 135 is as per section 198 of the companies Act, 2013 which is primarily Profit Before tax. SO I WANT TO KNOW FOR CSR APPLICABILITY UNDER SECTION 135(1) WE HAVE TO CONSIDER NET PROFIT AFTER TAX OR NET PROFIT BEFORE TAX?

Read more at: https://www.caclubindia.com/experts/ask_query.asp

As per Section 135 (1) of Companies Act, 2013
Every company having net worth of rupees five hundred crore or more, or turnover of rupees one
thousand crore or more or a net profit of rupees five crore or more during any financial year
shall constitute a Corporate Social Responsibility Committee of the Board consisting of three or
more directors, out of which at least one director shall be an independent director.

Question- whether the net profit which is mentioned above under section 135(1) is Net Profit
after tax or Net Profit Before tax?
Because Nowhere in Companies act, 2013 it is defined whether it is Net Profit Before Tax or Net
profit After Tax.

Once ministry came out with
General Circular No. 01/2016 No. 05/19/2015-CSR

And in the circular, it is defined in reference to
Question-Whether the “average net profit” criteria for section 135(5) is Net Profit Before tax or
Net Profit After Tax
Answer- computation of net profit for section 135 is as per section 198 of the companies Act,
2013 which is primarily Profit Before tax.



SO I WANT TO KNOW FOR CSR APPLICABILITY UNDER SECTION 135(1) WE HAVE TO CONSIDER NET PROFIT AFTER TAX OR NET PROFIT BEFORE TAX?

Kindly tell me the number of days within which Company required to issue Duplicate Share Certificate From the Date of Request?

Sir,



please guide me in the issue in F. Y. 20012 to 2015 ,depreciation charged according to the Income Tax and the same has accounted in P & L A/c of a Private Limited Company. is there any correction can be done as per companies act. and under which section changes can be done.

Please reply on urgent basis 

can someone plz summarise the crux of sec 192(1) companies act 2013