Section 8 company had received donations Rs. 20 laks in FY 19.20 as corpus fund. The said amount was not shown to profit and loss account as income. In subsequent year i.e. in FY 20.21 the said amount was utilised under emergency as donation to a trust which was running Covid care centre. The company did not any receive any income or donation in F Y 20.21.
The query is - What should be the accounting treatment in books of account.
Whether the amount utilised from the Corpus fund should be shown as income in Profit and loss account of the company by transfer from Corpus fund. OR no income in profit and loss account and only expenditure of donation to other trust should be shown, resulting into deficit/loss in the profit and loss account?
Further any qualifications are required in audit report?

I had 300 equity shares of Chambal Fertilizers and chemical limited but unfortunately have lost the certificates and there is unclaimed dividend from year 2005 .
At the same time present value of Equity is 452 per share.

Whole the amount is transferred to IEPF account please guide me to recover the amount

While filling form IEPF 4, I have to mention SRN of form IEPF 1/1 INV, if the purpose is u/s 124(6), and the financial year to which the dividend amount is related gets automatically prefilled.

However, in my case, on entering the SRN, it is not prefilling the FY. And if I give the purpose of filing the form as section 90(9) this issue does not come up.

Kindly advice on
a) which option to choose when giving purpose of filing form and
b) Had raised many tickets but not received satisfactory reply, so whom should I contact?

Kindly guide me.

Regards,
Viola.

the company has land and sold at profit of Rs 100 lakhs and after sale of this asset, no asset exits in block of assets.
how to account this in Profit and loss account
Is it Extradinary or Exceptional Item in PL a/c
how to transfer this to capital reserve and is it through PL a/c
kindly give your opinion experts

Hi,
I applied for LLP Closure for my client via strick off.
I submitted all docs and attach to form.
However, I got email for resubmission with docs.
Below is remark:
A statement of accounts as per prescribed format disclosing Nil assets and Nil liabilities [sub-clause (a) of clause
(II) of sub-rule (1A) to rule 37] not more than thirty days before the date of application and certified by a
Chartered Accountant to be submitted. - I attached.
Affidavit signed by designated partners [sub-section (b) of clause(II) of
sub-rule(1a) to Rule 37] to be furnished. - Attached.
Income Tax Return - Attached
Proof of closure of Bank A/c, Consent of creditors, - I did not attach as no bank account was opened and I mentioned it on affidavit. There is no creditor.
Resolution for strike off and Indemnity Bond to be furnished. - Attached.

Can anyone guide me whom to contact in this manner?
I called MCA but the lady on the other side told me that She could not tell exactly what was the issue.

How can I know the exact issue?

Dear Sir,

We are a Limited company which unlisted.

And can we paid dividend to our shareholders ?
if yes what is producers ?

Pls guide us

In a notice of the private limited company there was a mistake in the explanatory statement for passing special resolution . But the form has not been filed yet . The agm was held through vc meeting and the notice was circulated in the meeting through email. There is litigation going in this company. Now while preparing the form i realised the mistake. Can i rectify the same before filing the form?

Everytime I try making a Payment on MCA Portal it fails and causes an unreasonable delay.
Any Tips/Hacks/Browser Settings for Successful Payments.
I always generate a Pay later challan and then make payment but even that fails and takes two days to update.

Sir,

whether two company can be incorporated under the companies Act 2013, with the same room number and Address?

Can I get draft documents (Explanatory statement, Draft Board Resolution Special Resolution) for conversion of Private Company to OPC.