Post company incorporation

This query is : Resolved

Share Report Follow Query Ask a Query

Querist : Anonymous

Querist : Anonymous (Querist)

08 September 2013 Plz let me know abt the Post company incorporation procedure to be followed for pvt company

Ajay Mishra

Ajay Mishra (Expert)
Follow

09 September 2013 First of All, you call a Board Meeting and pass the necessary resolution for the same.

Give id i will send the check list.

Ajay Mishra

Ajay Mishra (Expert)
Follow

09 September 2013
AGENDA FOR THE FIRST BOARD MEETING OF THE BOARD OF DIRECTORS OF [NAME OF THE COMPANY] HELD ON [DATE] AT [TIME] AT [ADDRESS OF REGISTERED OFFICE], THE REGISTERED OFFICE OF THE COMPANY

S. NO. Particulars
1. To take note of Certificate of Incorporation.
2. To take note of appointment of first directors.
3. To take note of the disclosure of interest under section 299 and certificate under section 274 (1)(g) of the companies act, 1956.
4. To take note of the registered office of the Company.
5. To appoint first auditors of the Company.
6. To adopt the Common seal of the Company.
7. To decide the financial year of the Company.
8. Allotment of equity shares and issue of share certificates .
9. To approve reimbursement of Preliminary expenses.
10. Waiver of directors fees.
11. Any other item, if any, with the permission of the Chair.

Querist : Anonymous

Querist : Anonymous (Querist)

09 September 2013 manigaurav4love@gmail.com this is my ID sir thank for giving me very valuable information.

sir let me know companies ACT 2013 will apply from which date ?

Ajay Mishra

Ajay Mishra (Expert)
Follow

09 September 2013 It may be come into effect in 2014.

So wait and watch.

Querist : Anonymous

Querist : Anonymous (Querist)

09 September 2013 sir meeting should be held within 30days post incorporation but in my case it's been almost 60 days can we give consent late or from back date.

Is there any format of auditor consent or just simply written on CA letter head ?

Querist : Anonymous

Querist : Anonymous (Querist)

09 September 2013 sir I didn't get any check list

Ajay Mishra

Ajay Mishra (Expert)
Follow

09 September 2013
Date:

To,

M/s …… Associates
Address

Sub: Appointment as the First Auditors of the Company

Dear Sir,

We are pleased to inform you that the Board of Directors of the Company at their first Board Meeting held on ……… have appointed your firm as the Statutory Auditors of the Company and to hold office up to the conclusion of the First Annual General Meeting on such remuneration as may be decided by the Board.

You are requested to confirm your acceptance for our further needful.

Thanking You,

Yours faithfully,
For ……………. Private Limited

Director

Ajay Mishra

Ajay Mishra (Expert)
Follow

09 September 2013 If you have not appointed auditor with in 30 days from incorporation then aapoint him in EGM.

Ajay Mishra

Ajay Mishra (Expert)
Follow

09 September 2013
Procedure to file Form 23B (Appointment of Auditor)

1. The company will appoint an statutory auditor at general meeting
2. Send letter of appointment to auditor within seven days from the appointment.
3. The auditor give letter of acceptance as auditor to the company.
4. The auditor also intimate ROC in Form 23B within 30 days from the date of acceptance of letter of appointment.
5. Form 23B can be download from www.mca.gov.in
6. Letter of appointment will be attached with Form 23b.
7. The SRN no will be generated with fee.

Regards

Ajay Mishra

Ajay Mishra (Expert)
Follow

09 September 2013 Hope u got the check list.

Ajay Mishra

Ajay Mishra (Expert)
Follow

09 September 2013
Appointment of first auditors

As per section 224(5), the first auditor or auditors of a company shall be appointed by the Board of directors within one month of the date of registration of the company; and the auditor or auditors so appointed shall hold office until the conclusion of the first annual general meeting. Following provisions are related to the matter:
(i) Appointment of first auditors in general meeting.—A company in general meeting may appoint
the first auditor or auditors if the Board of directors fails to exercise its power of appointment of
first auditors within one month of the date of incorporation of the company.
(ii) Appointment of first auditors through Memorandum and Articles of Association.—The Institute of
Chartered Accountants of India has expressed its opinion vide Compendium of Opinion Volume
No. 1 that the appointment of first auditors through the Memorandum and Articles of Association
of the newly floated private company is not a valid appointment.
(iii) Removal of first auditors.—The company may, at a general meeting, remove first auditor(s) or all
or any of such auditors and appoint in his or their places any other person or persons who have been nominated for appointment by any member of the company and of whose nomination notice has been given to the members of the company not less than fourteen days before the date of the meeting.
(iv) Tenure of office of the first auditor.—The first auditor(s) shall hold office until the conclusion of the first annual general meeting of the company and then be eligible for re-appointment.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Summarize this with AI

ChatGPT Perplexity Claude Google AI Grok

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

Ashok Atluri

T.N.Reddy

Jagadeesh GR

Arvind Sharma

Taxlet

Subscribe Now

Post company incorporation

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

CA Final

Accountant

GST CONSULTANCY

Article Assistant

Manager- Finance and Compliance

GST CONSULTANT