Dear Friends / Experts,

Please guide me on the following, IF POSSIBLE:

A Private Limited Company was incorporated in August 2013. Accounts were finalized for the period ended on 31/03/14. However, the Company did not receive Subscription Amount from the Subscribers to MOA till date.

Query

I need to understand the non-compliance and whether there is any penalty under CA 2013.

Your reply, please..............

Thanks in advance for possible replies from all concerned.

SIR,
A PRIVATE LIMITED COMPANY CONSISTING OF 4 DIRECTORS HAVING TURNOVER OF RS. 100.00 CRORES AND NET PROFIT OF RS 42.00 LACS FOR THE F.Y.2014-15
SIR, HOW MUCH SALARY CAN BE PAID TO ITS DIRECTORS FOR THE F.Y.2014-15
WITH REGARDS

I have file PAS-3 while uploading I have select weather list of allottees have been attached if not select no and send CD with ROC I have attached list of allottee and select no in form PAS-3 now form is pending for approval with ROC they told to submit CD of allotees with ROC but I already attached list of allottee now what can I do please reply me

Sir,
Please tell me the proper procedure for filling return for private companies:

WHETHER TO FILE MGT 7 OR FORM 20B FOR ANNUAL RETURN.AND FOR FILLING 23AC MGT-9 IS ATTACHED UR NOT.AND WHETHER 23ACA IS TO BE FILLED UR NOT.AND MGT-14 TO BE FILLED UR NOT?

Dear All ,
I want to know the Best Salary Structure for a small and big IT company which is useful from both point of view Employees and company means which give maximum tax benefit to employees and which minimize the Company Legel provisions like EPF & ESIC?
Currently we are providing Basic : 25 % HRA : 25 % Transport Allow : 10 % Medical Allow : 15 % Other Allow : 25 % Is this structure is fair or needs to do any changes in this plz give your's valuable suggestion .

Thanks in advance

Dear Experts

Request your views as to whether an Indian Private Company (being a subsidiary of Foreign Company as per provisions of the Companies Act, 2013) will be deemed to be a Public Company or a Private Company

Company-X, incorporated as private limited Company in India under the Companies Act 1956, is a JV between Company-Y and Company-Z

Company-Y is a Public Company incorporated in India

Company-Z is a public Company incorporated outside India

Company-X was subsidiary of Company Y under Companies Act 1956 by
virtue of holding majority of Equity shares.

However, under the Companies Act 2013, the Company X became the subsidiary of Company Z by virtue of its holding majority of paid up capital which includes preference shares also.

As per provisions of Section 4(7) of the Companies Act, 1956, an Indian private company, being a subsidiary of a body corporate incorporated outside India, would be a deemed public company, if entire share capital in that private company is not held by that body corporate whether alone or together with one or more other bodies corporate incorporated outside India.

Similar, provision is not available in the Companies Act, 2013. However as per the MCA circular no. 23/2014 dated 25.06.2014, an existing company regd under companies act 1956,being a subsidiary of the Body Corporate incorporated outside India either as public or private co. by virtue of sec 4(7) of Cos Act 1956, will continue as public or private as the case may be.

In the present case, Company X was the subsidiary of Company Y(Indian Public Co) under Cos Act 1956 but under Companies Act 2013, it became the subsidiary of Company Z

In view of the above, as per provisions of the Companies Act, 2013, whether Company-X will be a treated as the Public Company or Private Company ?

Regards
Ekta

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