A company has a paid up capital of Rs. 1,00,000 .The company has not filled Annual Return ,Accounts and ADT-1 .What will be the late filling fees. Please do provide the break up of the entire fees.

Dear All,

Section 149(4) read with rule 4(1) of Companies (Appointment and qualification of director)rules 2014 says every unlisted public company shall have at least 2 independent director in the BOD if they cross any of the 3 the threshold limit given in the rule.
However proviso to rule 4 also says that company need not appoint Independent director if they ceases to fulfill any of 3 conditions laid down in rule4(1) for 3 consecutive years.

After combined reading of both, Can it be said that company need to comply with the provision only if all the 3 limits are crossed?

Please clarify.

Thanks in advance!!!!

What is the procedure of changing name and registered office within same city and state of an Pvt. Ltd. Company, while the Company has only two directors and no other shareholders ?

Which have to change first registered office or name ?

does real state company come under SMEs?

If I am filing ROC forms of F.Y. 13-14 during December 2015, which forms will be applicable for Filing of Annual Returns and Financial Statements ( I.e. 20B, 23AC, 23ACA or MGT-7 and AOC-4) and for particulars relating to Resignation pertaining to F.Y. 13-14 is any form required to b filed if the same is not filed till DEC 2015, and last point is
Does Appointment of Auditor and Resignation of Auditor attract Special Resolution if conducted in EGM?
- Thanks in anticipation..

Shoul ADT 1 is needed to file in case of company appoint proprietorship as auditor but now converted into audit firm

One of my client has borrowed loan from the bank for purchasing a machinery and kept the same machinery as security to the bank. My question is Is there any necessary to create a charge in the company... that is to file the FORM CHG-1 ??

Physical share certificates were printed in the year 2004. Now Company has not enough physical certificates and want to reprint the certificates.

Now my problem is whether board resolution is required to re-print the certificates to authorise directors to sign on certificates as in old certificate two directors have signed and one of them is not associated with the company currently.

CS Nidhi Shah

Dear Experts

Facts:
A company having a paid-up share capital of Rs. 30,00,000 and a Turnover of Rs. 4 crores in FY 2014-15 and Rs. 1 Crore in FY 2013-14 is a Small company as per Section 2(85) of the companies act, 2013, as the turnover should not exceed 2 crores as per LAST Profit & Loss account, i.e. FY 2013-14 P&L.
But, there is a practical problem in filing the annual returns.
The CS stated that, during pre-scrutiny, the form states that the Company Secretary signature is required as the turnover for the FY 2014-15 is Rs. 4 crores. Hence, he asked me to prepare the Cash Flow statements and CARO (as the borrowings exceed 25 lakhs).

My Query:
1. Should i ask the CS to sign the annual return WITHOUT the Cash Flow Statements and CARO ? And, if so, will it result in any problems with the MCA in future?

2. Should i prepare the Cash Flow Statements and CARO and file the Return with the CS just to be safe?

Thank You

Dear Experts,

A company covered under CSR obligation during the FY 2014-15 & 2015-16. If in FY 2016-17 it doesn't not covered under the criteria as prescribed by the Act. In that case is the company required to do CSR activities by taking last three years average net profit?
Please note that during FY 2016-17 it doesn't comes under the criteria of CSR.

Please reply at the earliest and oblige. Also provide some reference in this regards, if possible.

Thanks & Regards,