HARIPRASATH (Student) (43 Points)
28 February 2018What is the limit of Share capital and turnover for an unlisted private limited company that mandates Company Secretary's Signature in Form MGT-7?
In my case the Authorised capital is 1 crore and issued, paid up capital is 30lacs. Turnover of the company is 1.7 crores (present) and 3.5 crores in previous year.
CA Mayur Todmal
(Practicing CA)
(7645 Points)
Replied 28 February 2018
paid up capital Rs 50lakh and turnover Rs. 2Cr
HARIPRASATH
(Student)
(43 Points)
Replied 28 February 2018
Miss Mansi Bhojani
(Practicing Chartered Accountant)
(1693 Points)
Replied 28 February 2018
Savio V Simon
(Student CS)
(219 Points)
Replied 28 February 2018
HARIPRASATH
(Student)
(43 Points)
Replied 01 March 2018
In my case the year of filing MGT-7 is FY 2014-15 which is the first year of MGT-7 filing. For the previous year ie., FY 2013-14 I filed Form 66 and it got approved.
Since I already filed CS Compliance certificate for the previous year why should I again affix DSC of a CS since the turnover and share capital for 2014-15 is less than the threshold limit?
PRASHANT
(CS)
(60 Points)
Replied 01 March 2018
Kindly check whether your company is a holding company or subsidiary company, than also certification of cs is required in Form MGT-7.
Also, Kindly check the revised definition of small company as per Section 2(85).
CAclubindia
