A Pvt. Ltd. Company was incorporated on 11.03.2014 with an Authorised Capital of Rs. 100000/- with Two Directors (One Managing Director and One Director) .
This Company is engaged in the field of Real Estate Business (selling of plots)
It wants to commence its businees on 13 .03.2014 and decided to open a Bank A/c immediately for transacting business with the customers.
Accordingly they have prepared a Resolution passed on 12.03.2014 for submission to the Bank for opening of Bank A/c.

Now the query is :

1. Whether the Resolution is valid or not?
2. For passing the Resolution the First Meeting of Board of Directors should be convened with a proper quorum and a proper notice with at least 07 days prior to the date of meeting (excluding the date of notice and date of meeting). In this case it is not like so .
My query is can the Meeting be held on the second day itself after Incorporation of the Company . In this case the 12 th.

Kindly suggest me whether this is valid or not ?

If not what are the consequences under Companies Act 2013.

HI...
I'm doing articleship.when i searched my articleship status using my principle's membership number, my name is showing wrong(middle name doesn't appear)but my registration number is correct.what should i do?is there any problem in future with that?plz let me know.i'm great full for your advises..

thank u
-TBR

A company was incorporated on 27/02/2013. It did not have any sales in the FY 2012-13. The PL is debited only with the write off of Preliminary expenses. Is it liable for tax audit us-44AB?
Would it make any difference if it had incurred expenses such as Purchase, salary etc in the said FY?
Please provide relevant case laws, if possible.

sir,
i want to know that how to check that my registration form has timely reached or not ?

1. Under the Companies Act, 2013 can the annual return required to be
filed by a Company be certified by a Chartered Accountant?

2. Which is the corresponding section to Sec-220 in the Companies Act, 2013?

Regards,
Souvik Ghosh

A Pvt Ltd company was incorporated on 12/01/2014. It was allotted PAN on 10/02/2014. The company will commence business only in the next Financial year. Is it required to file ROC as well as IT returns related to the FY 2013-14?
Would it make any difference if PAN is allotted on 04/04/2014?

It Is necessary to make audit if return is not file under 44AD, The turnover of firm is rs. 79,95,654/- & N.P.is 4,50,955/- which 5.64% of turnover.

Dear Sir,

please clear me if any person sold his home in a.y. 2011-2012 and invest this sold amount in any residential project (just like jp or earth infrasture) which possession time is in 2015 may he get exemption u/s 54 f or not


Thanks in Advance

How to calculate deduction under section 80GG and section 80G, when I am eligible to get the deduction under these two section.

This doubt of mine is in calculation of Total Income under these two section.

Please do clarify how the total Income would be calculated when I am eligible for deduction under these two sections.

can I file a last 3ys itr even my pan is new?