ITC limited under its CSR activities signed agreement with an NGO for its milk procurement and agarbatti production work. At the end of the year, Heavey losses are patched by ITC directly into non foreign utilization account, being an foreigner entity can ITC do this? Is this fund transfer justified in view of FCRA and CSR act of india?

Dear Learned Members,

As per the Companies Act, 2013 the Extract of the Annual Return for the Financial Year ended 31st March, 2015 shall form part of the Director's Report in Form MGT-9.

There is another format for Annual Return, i.e., Form MGT-7 which is more detailed than MGT-9. As per my understanding MGT-9 is just an extract.

But, the MCA has come up with a Circular dated 13th July, 2015 that the Annual Return for the financial year commencing on or after 1st April, 2014 shall be filed in form MGT-7, the electronic version of which shall be available for filing latest by 30th September, 2015.

Thus, my query is whether MGT-7 is a format for annual return or an e-form which is yet to be made available for filing the Annual Return? What would be the format for preparing Annual Return, MGT-9 or MGT-7?

Thanking you in advance.

I have applied Company name approval on 06.08.2015, but today 24.08.2015 no communication recieved from MCA. neither approved nor rejected, just showing as" pending for approval" on conatcting ROC delhi, they are not picking up the phone even, i also lodged complaint 10 days back, but it is also shown as work in progress,what to do, pls suggest.

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Dear Professionals,
Greetings,

I have a doubt regarding the annual fillings for the period 2013-14,
Our group company has not fillied its annual returns for the F/Y 2013-14, so my doubt is regarding applicability of section 403 for the fillings of the same, if yes then what should we do, and if no then can we file the same as normally.
please suggest me

Thanks & Regards
Tapan Kumar

As per S. 2(45) of CA 2013, Govt. company is defined as the one in which the paid up share capital is not less 51% held either by the Central or State Govt. or combination of both. PSU is also defined in a similar manner, then what is the difference between the two, which results in application of different tax provisions to each of those entities? Can anybody elaborate?
Thanks in advance.

Hello,
Can anyone tell me that depreciation is allowed on assets which were bought before PVT. LTD. company was registered? I plan to register it in same financial year in which asset was acquired.

The asset currently is in individual's name in personal capacity.

TIA
Prashant

Whether we have to calculate different rate of depreciation under the companies act 2013 for a car purchased in year 2012 also and in 2013 also??

I am aware that as per law, registered user is not allowed to view Form 23ACA of any Private Limited Company even after paying requisite fee of Rs 100 to MCA. Is there any other way to view/get Form 23ACA?

There is a company which is dormant but now want to activate his business and now they have to upload Form 23AC for the F.Y. 2010-11 but my query is regarding Today when they upload Form 23AC whether there is necessity that the digital signature that we attach on Form 23AC is being the director at the time of F.Y. 2010-11? or appointment as director after F.Y. 2010-11 can we attach his digital signature?

Sir

i and one of my friend formed a company in 2008 when we were in the college. reason was to start a online b2c website. But to book the name of the company,Formed a company

My partner( Other director) got place in dubai and he left. I tried my best to run it but couldnot, I also started working with my father's small time business in village.We did nothing in regards with balance sheet/annual return filling AGM.

Now our names are their in defaulter list 2008-2009

Suggestion Required:
Can i start a new company being a defaulter.
Can i clear all the dues and make it active entity again
When is new company law settlement scheme expected.