Compliance certificate

Dear all

Theres an  Unlisted Public company who  appointed cs for the year frm november while the paid-up capital in respect of the said company crossed the limit of 5cr. in w.e.f 06th september.Now the question arises that is the company required to obtain compliance certificate in this case for part of the year?

 

Pls provide ur views.

 

Regards

Anshu

Replies (9)

See its better to get the Compliance Certificate in this case.

ok thanks neha

 

Co. is not under obligation to obtain Compliance Certificate in this case, since paid up capital of company would be 5.00 crore on 31.03.2013.

 

So, CC is required for FY 2011-2012 and it is not required for FY 2012-2013.

 

Regards

As such the Company has appointed a Company Secretary and the Capital of the Company has increase to Rs. 5 Crores, the Company is not required to file Compliance Certificate in respect of f.y. 2011-12 as well.

But Practice has been seen in a no. of companies that tehy get teh Compliance Certificate from the Company Secretary and do file along with other documents although not required

Compliance certificate will be filed in this case because ceiling of capital (i.e. less than 5 crore for applicability of compliance certificate) is seen for the year ended 31st March which is 31.03.2012 and hence it is mandatory to obtain Compliance certificate for the year 2011-2012 since capital increased to more than 5 crore in sept 2012.

 

With Regards

 

 

Neha ji,

 

Please read the question, it cannot be the case of September, 2012, it must be september, 2011 or earlier date and for that year as the increased capital will be shown to the BS, the appointment of CS will suffice the purpose.

Thanks for the correction Ankurji. angel

 

With Regards,

Neha

My Pleasure Neha ji... Thankyou...

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 28 October 2026
Article assistants

Shyam S Gupta and Company

New Delhi

CA Inter

View Details
Company
Featured 29 October 2026
Accounts Executive

Synergy Keystone

Chennai

B.Com

View Details
Company
ARTICLESHIP 23 October 2026
CA Articleship / Article Assistant

M N Rao & Associates LLP

Vijayawada

CA Inter

View Details
Company
ARTICLESHIP 29 October 2026
Article Assistant (CA Inter / CMA Inter) - Thrissur

Varma Raja & Associates

Thrissur

CA Inter

View Details
Company
05 October 2026
Senior Accountant

Vision IT Peripherals Pvt Ltd

Mumbai

B.Com

View Details
Company
21 October 2026
CA INTER/ BCOM WITH EXPERIENCE

CA S KUMAR GUPTA & CO

Amritsar

CA Inter

View Details
Company
07 October 2026
Senior Account Manager

Amplio Invest

Mumbai

M.Com

View Details
Company
ARTICLESHIP 08 October 2026
ARTICLE TRAINEE

S.B.G. & CO. CHARTERED ACCOUNTANTS

New Delhi

CA Inter

View Details