Dear Experts

I have a confusion regarding meaning of "Year" in respect of Board Meeting. As per section 173 there should be 4 meetings in an year.

What does that year mean? Financial Year or 365 days from date of incorporation and on?

E.g. Date of Incorporation is Sep'16, would year mean Sep'16 to Aug'17?

Please confirm.

Thanks in Advance!!

If a company has filed the annual return for March 2016, can the company file for its closure . Can anyone tell the procedure for the closure process.?

Dear Experts,
Our pvt. Company is using the factory of one of the director who is share holder also. Pls let me know can company pay him rent for factory. If yes any limit of rent?

Regards
Anshul

Respected all
we have appointed a person as additional director now we want to appoint him as permanent director. Is form DIR 12 is again required to be filed with roc or only resolution in AGM and MGT 14 will be sufficient.please tell in detailed manner what documents are required to be filed .
For that no change in AOA required.
Is it required for a director to hold share in Company to become whole time director( Premanent diretor)
As now we want to attach DSC of new director in Sales tax Document But its not Accepting. what should we do.

Dear Experts,
Pls clarify :- can A pvt. Ltd. Company accept the loan from its share holder if so? What its procedure

Regds
Akhil Gautam

One pvt ltd company fails to do annual filling last five year because there was no business operation during the last last 5 years. Now the board want to close the company
What is the process for closure and can board do that without filing previous returns?

A Private Limited Company has not conducted an AGM for the F. Y. 2015-2016 and neither an application has been filed to ROC for extension of period for conducting an AGM.

Please guide me how the company can conduct its AGM at present since the time limit for application to ROC has passed and what is the procedure.

Dear Professional friends,

My query is regarding corporate guarantee. In this case, a Private Limited company gave Corporate guarantee to a Partnership firm on its loan from bank. Now what is treatment for the private limited company. Whether the Pvt ltd company need to file Form CHG-1 for that guarantee given by the pvt company to that partnership firm. If yes, kindly explain the appropriate rules. If no, then what will be the treatment for the pvt company.

Thanks in Advance.

Can a company by itself spend CSR amount, or it should be done through Section 8/Trust/Society? As per Rule 4 (2) of CSR Rules, 2014:-

The Board of a company may decide to undertake its CSR activities approved by the CSR Committee, through

(a) a company established under section 8 of the Act or a registered trust or a registered society, established by the company, either singly or alongwith any other company, or

(b) a company established under section 8 of the Act or a registered trust or a registered society, established by the Central Government or State Government or any entity established under an Act of Parliament or a State legislature :

Provided that- if, the Board of a company decides to undertake its CSR activities through a company established under section 8 of the Act or a registered trust or a registered society, other than those specified in this sub-rule, such company or trust or society shall have an established track record of three years in undertaking similar programs or projects; and the company has specified the projects or programs to be undertaken, the modalities of utilisation of funds of such projects and programs and the monitoring and reporting mechanism”.

Dear Experts,

Our company did'nt file financials since incorporation in 2010, though it has done negligiable business and file only income tax returns only.

We availed the fast track scheme and since no operations were done in last 15 months, the name of co was successfully strike off from mca.
after name strike off i am receiving notice from mca for default in filling financials uoto 2015,directors default etc.

please let me know this notice is valid.

How can mca send notice after it has removed the name from regitrar.

Thanks