Hi,

There is a clause in a Supplier's Manufacturing Contract as below

"In any case liability of Supplier as indicated in this clause, and clause for Warranty and for this GPA, shall not exceed Rs. 1.5 Million (Rupees One and Half Million only) per calendar year."

The supplier wants this clause to be edited for ensuring that there is no carry forward of liability. As in, if on 1.4.2014 the liability was Rs. 1 Million, then for the balance period it should be only Rs. 0.5 Million. Similarly, if there is no liability for current year, then there should be no carry forward of un-used liability and the maximum liability next year should be Rs. 1.5 Million only and not Rs. 3.0 Million (1.5Million of last year and 1.5Million of current year).

Please advice.

WHAT IF RESOLUTION FOR APPROVAL OF ACCOUNTS IS NOT FILED WITH ROC ???CONSEQUENCES??PLEASE REPLY

Dear Team,

As we aware that there are amendments in Company Law. Can anybody list out the changes in Company law and what would be the impact on our accounts and audit specially related to IPCC? Or Can we study the same Law upto Shares and debentures and accounting treatment would be the same?


Regards
ANIL N BORSE

CAN ADDITIONAL DIRECTOR BE APPOINTED BY PASSING ONLY BOARD MEETING IN PVT. LTD. CO. AS PER CO. ACT 2013??

FOR THAT IS IT MANDATORY TO FILE MGT-14??

PLZ ADVICE...

Please guide me on the changes/Amendments applicable for Dec 2014 in companies act 2013( corporate compliances) in Paper 5 due diligence & Paper 6 Advance tax... Also I m referring study module for paper 5 having series of 2011.Should I refer from that or buy another module? pls guide..

MR. X WAS PREVIOUSLY DIRECTOR OF A COMPANY. HE RESIGNED EARLIER DUE TO SOME UNAVOIDABLE REASON. NOW HE HAS TO BE APPOINTED AGAIN. BUT WHEN WE ARE FILING FORM DIR-12, AN ERROR IS SHOWING LIKE " The director MR. X with DIN/PAN ******** is already a deactivated director of this company.He cannot be deactivated again". PLZ. LE ME INFORM HOW TO APPOINT SUCH PERSON AS A DIRECTOR.

Dear Experts,

Kindly reply to my following (basic) query:

What should be filled for ACA/FCA in the field COP, while filling Form DIR-12?

Please reply…… with relevant supporting, if any available.

Thanks a lot to all in advance for doing the needful.

I am able to understand that the Form DIR-12 does not have a check, in case, the ACA/FCA Membership Number is repeated in the field COP.

my question is that a private company going to be incorporated and have 3 directors.
all the directors wants to engage themself in a job in another compny-can they do so
ANSWER WITH REASON IN ACCORDANCE WITH NEW COMPANIES ACT 2013

Dear Sir/Madam,
There is a company A Ltd, with two directors Mr X. & Mrs.X. They have a son Mr.Y who runs a proprietary concern B . A ltd & B enter into transactions.Whether this will be considered as a case of interested director as per section 184 and needs to be disclosed in MBP1. Also tell whether there is any more compliance.
Please answer this query at the earliest.

Dear sir/Madam,

while filling annual return for the F Y 2013-14, i have riased a small doubt i.e, Which attachment is attached to the E-form 20B, Shedule V or Form 7.7. and what is form 7.7.

Thanks in advance