IS IT NECESSARY TO FILE AN ANNUAL RETURN IN THE FY 14-15 RELATING TO FY 13-14 FOR PRIVATE LIMITED COMPANIES(HAVING PAID UP CAPITAL LESS THE RS. 25,00,000)?
IF YES, THEN PLEASE ALSO SUGGEST THE PROCEDURE.

Under the new Companies Act, 2013, appointment of auditor is to be filed by Company in new format ADT-1. ADT-1 will be filed with GNL-2. I want know that whether appointment letter will be attached with the ADT-1 or not? Thanks in advance

Hello i am ca cpt student. i was read the meaning of company that company is an association of person and registered under companies act . it exist only in the eyes of law as it is invisible ,intangible and legal person only. company is body of person to whom act gives legal personality. so how we can say it is person exist only in the eyes of law as it is the association or body of person which is actually exist ,means not invisible and company is the body of person.

Company incorporated in Nov,13, not filed its statutory meeting report with ROC. Can it be filed now as late report if yes den in which form?

Dear Sir(s),

As per Sec. 139(1) fourth proviso, read with rule 4(2) of Companies (Audit & Auditors) Rules 2014, a company is required to inform the ROC regarding Auditor appointment within 15 days from the meeting in which he is appointed.

Relevent form is ADT-1. However, eForm ADT-1 is not yet available. Kindly advise how to go about it ?

Regards
Girish Sharma

Pl. know me is it mandatory to appoint auditor for 5 financial years as per companies act, 2013 or he can be appointed for 1 year , some companies want to appoint auditor only for 1 year.

Hi,

Following are my queries,

1) If the No. of directors falls below the statutory limit for a Public Limited Company (Unlisted) . what are the Consequences?

2) W.r.t above , i am not planning to fill the vacancy in directors for another 6 months. what are the consequences?

Thank You in Advance.

Dear Professional colleagues,


Sub-section (5) of section 135 of the Companies Act, 2013 states that, "the board of every company referred to in sub-section (1), shall ensure that the company spends, in every financial year, at least two percent of the average net profits of the company made during the three immediately preceding financial years, in pursuance of its Corporate Social Responsibility Policy.

However, proviso (ii) of sub-rule (f) of rule 2 provides that, "net profit in respect of a financial year for which the relevant financial statements were prepared in accordance with the provisions of the Companies Act, 1956, (1 of 1956) shall not be required to be re-calculated in accordance with the provisions of the Act."

Kindly clarify the applicability of proviso (ii) of sub-rule (f) of rule 2 and also clarify, whether for determining the funds to be allocated for CSR for the FY 2014-15, the net profits of the three immediate previous FY's i.e. 2010-11, 2011-12 & 2012-13 have to re-calculated as per section 198 of the Companies Act, 2013 or net profits as already declared in the books of accounts have to be taken into account.

Seeking an early clarification.

Thanks & Regards

Hi all,

Can any one please share New company law PDF.

Thanks in Advance.

Our client company (PVT) took an unsecured loan from director cum shareholder in February 2014 of Rs.250000. what is the legal compliance under companies act.