Director resignation
This query is : Resolved
22 August 2013
Sir
A Managing Director after his resignation signs the annual return and balance sheet of the Company for next financial year.
What Company Can Do
And What Penalties can be imposed on Managing Director and Company.
Please guide me sir
A Managing Director after his resignation signs the annual return and balance sheet of the Company for next financial year.
What Company Can Do
And What Penalties can be imposed on Managing Director and Company.
Please guide me sir
22 August 2013
Hi
How, he can sign the Annual Report. I think the ROC will issue notice under section 234 of the Companies Act, 1956.
How, he can sign the Annual Report. I think the ROC will issue notice under section 234 of the Companies Act, 1956.
23 August 2013
Sir Thank you prompt reply
but actual problem is Managing Director signed the Balance Sheet of the Company for the financial year ended 2011-2012 but in 2013-2014 M.D. has filed form 32 to ROC from back date in December 2010
So the Defaulting MD would be liable for what type of Penalty and under which Section?
but actual problem is Managing Director signed the Balance Sheet of the Company for the financial year ended 2011-2012 but in 2013-2014 M.D. has filed form 32 to ROC from back date in December 2010
So the Defaulting MD would be liable for what type of Penalty and under which Section?
23 August 2013
They will face penal provision under section 621 and 621A of the Companies Act, 1956.
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- STCG....................................................
- Section 54F - Exemption on LTCG in 2026 for HP purchased in 2023
- AMOUNT RECEIVED UNDER COMPULOSRY ACQUISITION OF AGRICULTURAL LAND
- Sales return eway bill
- TAN for Partnership
- Is E Way Bill Valid If Transport ID Not Mentioned in PART A But Vehicle details mentioned in PART B
- Is it compulsory to File 10E if Income including Pension Arrears is below 12 Lakh for the F Y 25 26
- STCG FOR GOLD ETFs
- Last year TDS Claim
- E way bill for tractors
- Free lancer income
- Long Term Service award taxability in hands of company
- Standard Deduction claim for EPFO Pension and ICICI Prudential Life Annuity
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- Nomination of Bank for refund in itr 2
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
