Dear,

Pvt ltd. Co. incorporated on 20th March 2009. Now can I prepare statutory audit report of co. as on 20.04.2009 for the financial year 2009-10 and when should be held A.G.m. of co.

ca pawan singhal

What is the provisions/procedures for further issue of shares to existing shareholders by a Private Ltd Company? Is it necessary to pass a Special Resolution in EGM? Please guide and mention the time limit for compiling related provisions.

In Idian Companies Act, there is a term One man Company.
What is One man company?

Thank for your response

When is internal audit compulsory for private limited companies?

Rates prescribed in Schedule XIV to the Companies Act, 1956 are not mandatory . But as per section 349 and 350 for the purposes of calculation of managerial remuneration availability of profits for distribution as dividend, the rates prescribed in said schedule shall have to be applied.

But what if we are not distributing dividend and we calculated net profit for managerial remuneration separately then what will be the position.........???

Statuary Meeting is held once in a life of of a Ltd. Company.

A partnership firm convewrted into Ltd compnay under Part IX of the Companies, Act, 1856,

My queries is Statutory meeting is compulsory for the said companies within 6 months of its incorporation.

Or

When Private Ltd companies converted to Ltd Company, in that case statutory meetiung is need to hold

A private company pays only professional fees to the director. No other managerial remuneration is paid.

Is it allowed under companies act?

As we all know a company being a juristic person can become a partner in a partnership firm, if it is authorised to do so by its objects.

But the liability of a partnership firm is unlimited on the other hand liability of a company is usually limited.

My Query

So if a limited company becomes member of a partnership firm then what would be the status of company’s liability in that Partnership Firm?
Is there any decided case law etc.?

Can anyone send me checklist for Compliance as per Companies Act on canehagupta1@gmail.com

Dear Friends,

I want one clarification about first Balance sheet of company, We started One company 2 years back and still we are not done even one transaction so that still we are not submited Balance Sheet, Here my question is now what we should do for delay in submit the Balance Sheet.