Disclosure of share holders to ROC
This query is : Resolved
11 August 2009
1. Sir what is the penalty under companies act for not disclosing the shareholder details to ROC?
2. Is there any provision under the income tax act requiring to disclose the details of shareholders for every financial year?
3. Can shares be allotted for cash by a company? If yes is there any limit upto which shares can be allotted for cash?
2. Is there any provision under the income tax act requiring to disclose the details of shareholders for every financial year?
3. Can shares be allotted for cash by a company? If yes is there any limit upto which shares can be allotted for cash?
11 August 2009
Hi,
As per section 159 shareholder details required to be submitted to ROC through filing Annual Return with in 60 days from the date of AGM of the Company.
For penalty for non filing of Annual Return refer section 162 of the companies act, 1956.
No there is no such provision in income tax act.
Yes a company can issue shares for cash.
Regards
As per section 159 shareholder details required to be submitted to ROC through filing Annual Return with in 60 days from the date of AGM of the Company.
For penalty for non filing of Annual Return refer section 162 of the companies act, 1956.
No there is no such provision in income tax act.
Yes a company can issue shares for cash.
Regards
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
- TDS 194-T applicability
- GST ITC REVERSE
- Fixe term employment
- Is any professional CA is here please reply
- Foreign lottery ticket bought online from India: legality, tax and consequences
- Putting a heading on received mail
- Reprocessing of rectification order AY 2025-26
- RCM ISSUE ON RENT AND TRANSPORTATION CHARGES
- Regarding Applicability of Tax Audit u/s 44AB
- Consolidated financials
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
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
