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

Dear Experts,
Pls clarify the difference between tax audit and statutory audit?

Regds
Amit kumar

If a pvt. company is converted to LLP at the end of the financial year i.e. March, so what will be the scenario for filing of annual return and helding AGM on the private company. Will it be mandatory for the private company to hold AGM and file returns??

Dear experts
1)what are the mandatory attachments of spice form?.


2)whether inc 9 and dir 2 are still required ??

3)Whether inc 8 and inc 10 were removed??

4)formate for Affidavit and declaration by first subscriber(s) and
director(s)??

thanks in advance

Dear Experts

My company was incorporated in the month of Nov 2016 but account opening took 3 months owing to PAN and other formalities. Thereafter we received share application money from subscriber to Memorandum of Association of Company.

Time limit for issue of share certificate is 2 months from the date of incorporation of Company (section 56). How should we go forward now? Three months have already been passed.

Waiting for your valuable suggestions. Thanks in Advance!

Regards, Nitin

Dear Experts,

Kindly advice on the following matter.
1. A person is holding 2500 Shares in a company and also a subscriber to memorandum. He is also director, now he wants to retire from the directorship. Kindly advise
a) can he do so?
b) What is the procedure for doing the same ?
c) Can he first Resign from directorship and latter transfer the 2500 shares in the name of another director?
d) What is the procedure for transfer of those 2500 shares in the name of another director?
e ) What are the required documents to effect above-mentioned changes

Kindly advise on the above on urgent basis.

A private Limited company want to allotment of further shares which are to be allotted to some of its existing share holders but not according proportionate to their existing shareholding ratio. Can it done in a board meeting? Form MGT-14 to be file in this situation. Kindly advise

I am filling the INC 22 after incorporation of company after 11 months as the company forget to file. Now MCA wants to resubmit the form INC 22 with "reason of delay". So please suggest/advice me, what reason I have to state and How to show the reason in the form INC 22