Requirement of compliance certificate from pcs.

Save Share

This query is : Resolved

Guest

Guest (Querist)

10 December 2012 Hi,

Someone may please see the following and reply to my queries :

ABC (India) Private Limited was having Paid up Capital of Rs.5 Lacs as on 31.03.12.

On 31.05.12, the company increased it’s paid up capital to Rs.1 Crore.

The company had it’s AGM (belatedly) on 05.11.12 for FY 2011-12.

Query

Whether the company is required to obtain Compliance Certificate for the FYE 31.03.12 or not.

Ans : …………..

Kindly justify (so that I am able to understand better), why should the company

obtain CC for the FYE 31.03.12.

Ans : ………….. (Is it because of the reason that in general, the CC shall be attached

to the Board’s Report for AGM on 05.11.12)

Thanks.

Ajay Mishra

Ajay Mishra (Expert)

10 December 2012 Hi

As per my understanding, no need to take compliance certificate because compliance certificate is required when company having paid up capital of 10 lakhs or more at the end of financial year.

As on 31.03.2012 your company's capital is less than 10 lakhs so no need of Compliance certificate for the FY 2011-12.

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