Query related compliance

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Querist : Anonymous

Querist : Anonymous (Querist)

25 July 2011 If a company has the authorised capital of Rs.1,00,00,000 and paid up capital is Rs.5,00,000, The term load from bank(Secured loan) is Rs.35,00,000 than weather it is compulsory for the company to file E-form No-66 with ROC

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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25 July 2011 No. Since the paid up share capital is less than 10 lakhs ,no need of compliance certificate as per section 383A of the Companies Act,1956 meaning thereby filing of e-form 66 is not required.

CA Aditya Goel

CA Aditya Goel (Expert)
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25 July 2011 Not required as requirement of Compliance Certificate depends upon the paid up share capital and not Loans etc.
Below 10 Lakhs Nothing is required
10 lakhs to 5 crores: CC is required if no Practicing CS is appointed
above 5 crores. CC not required as appointing PCS is mandatory.

CA Devanshi Gandhi (Ajani)

CA Devanshi Gandhi (Ajani) (Expert)
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25 July 2011 i agree with the experts

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