Sir, what is the provision if the auditor has'nt fied form 23B at all or filed delayed ?
eg : last AGM on 30/09/07 relating to F.Y 06-07. Auditor appointed and Form23B filed on 30/10/07.
Next AGM on 30/09/08 relating to F.Y 07-08. Auditor appointed but Form 23B not filed.(& no SRN generated)
Consequently, Annual returns and accounts for F.Y 08-09 could'nt be filed.
Can the auditor file Form 23B today and the company use the same to file it's Annual Accounts and Return for F.Y 08-09 ?

Is there any kind of penalty that gets attracted by this ? If so, what is the solution to this ?
Please help.
Thanks.

Does it attract s.628 if EPS is omitted from the Annual Report of a Listed Company? willful or not, s.628 is not compoundable under 621A. However is there any remedy to it?

My co. had issued shares against one property to a director and filed form 2. Now the co. wants to give back that property to the director against cash and show shares as issued in cash. What should be the treatment?

can anyone give me draft board and special resolution for appointment of whole time director in a public company without the approval of central government

Which are those offenses which involves moral turpitude as per Companies Act?

Dear sirs,
We registerd a publc limited company in 1997 with an authorised capital of 50 lakh. Due to some reasons we cannot continue with that company and it has been left in-operate without winding up legally.

Now we have received one prosecution notice from ROC for not submitting returns for last years and I'm afraid the huge amount of fine mentioned in the letter (upto Rs. 500 per each day of default).

We don't have any share holders other than 5 directors who all are my friends and relatives.

Kindly advise me how can I close this issue, shall i go for Winding up or do some other thinks to resolve this issue easily,
Pls help

Qualification required for appointment of director or managing director

how many number of Directors Required in One listed Company?
Whether it is six or Seven

Sir,

Is that compulsory that the person mentioned in the Form 1A as promoter should subscribe the shares(to be mentioned in MOA)of the company????????

Suppose there is a Private Limited Co. and the Directors of the Private Limited will be generally relatives or friends, and if this company has 2 directors i.e., 2 persons are relatives say both are brothers. And if this company wants to convert it to public limited then can these two brothers become directors for the company forever ? Is it in their hands ? Or they will remain as promoters only ?

The Business idea belongs to these brothers and its a private company and if they wanted it to convert the company as public limited then they should have a min. of 5 lakhs as capital. And if the entire 5 lakhs are brought by these two brothers then can they only become directors of the company including some other relatives as directors to make it as 7 members ?

When these two brothers are bringing the capital 5 lakhs from their pocket then will there be any obligation that the directors should be appointed by central govt. or any other body ?

I have too many queries like this so please let me know the answers for the above queries and then later i'll post all my queries if any further.