Could you pl confirm whether to carry out CSR activity, a company can float a charitable trust as settlor and PROMOTER directors as Trustees.Can this new Trust shall carry out the CSR activities on behalf of Company only or for other companies also?

What is depreciation rate as per co act 2013 for Moulds and other machinery for oil marketing co.

2. What is Dep rate as per co act 2013 for Hardware others.

3. What is Dep rate as per co act 2013

for printers?

4. What is dep rate as per co act 2013 for Softwares?

Please advise whether a person can use the designation Finance-Director in private Limited company even if he is not on the board of directors of the company. is there any restriction under any Indian law including company law.

Please explain the meaning of "Carrying Amount" as referred in Part C point no. 7 of the schedule ii of Companies Act 2013.On which amount depreciation should be calculated as per the new act.

what is the difference between offer of securities & invitation to subscribe securities ?

my focus words are:

1)offer of.
2)invitation to subscribe.

are they giving the same meaning or something different.????

if both are giving the same meaning then why using different word for the same meaning in the same sentence?

here is the sentence:
"private placement" means any offer of securities or invitation to subscribe securities to a selected group of persons by a company.......................

sir I need depn rate as per new cact

Hi everyone,

A company has its year ending as 31st December. It is proposing to change its year ending to 31st March, pursuant to the Companies Act, 2013.
The company has appointed the auditors on 28th March, 2014 at its AGM.
Now whether the appointment of auditor has to be filed by the Auditor in Form 23B or by the company in the new form?

Dear Experts,

After my Analysis of Section 2(71) of CA, 2013 which is reproduced as below,

2...
(71) “public company” means a company which—
(a) is not a private company;
(b) has a minimum paid-up share capital of five lakh rupees or such higher
paid-up capital, as may be prescribed:

Provided that a company which is a subsidiary of a company, not being a private
company, shall be deemed to be public company for the purposes of this Act even
where such subsidiary company continues to be a private company in its articles ;

it is nowhere mention regarding the minimum number of members for public company (i.e. seven).

Please comment on this. Whether it is a clerical error in Law or there is anything hidden or it is written anywhere else?

Is it Mandatory to file MGT 14 in the first board meeting if the directors(Including Relatives) has no share holding in other companies??

Pursuant to the provisions of Section 167 (1) (b) a Director will vacate office if he does not attend atleast one board meeting held during a period of twelve months.

Clarification sought for -

1) What does period of twelve months means- calender year or financial year.

2) As the above Section had come in force w.e.f 1st April 2014 so does a Director is required to attend the Board meeting between 1st April 2014 to 31st December 2014.