Dear Professional collegeous
I have little doubt regarding applicability of Compliance Certificate.
If a Private company is having share capital of Rs. 10 lacs as on Balance Sheet date and thereafter share capital ehnaced to 100 lacs after the BS date and before AGM date. Is Compliance Certificate required or not?
thanks
Compliance Certificate is prepared as on 31st March. If the paid up capital is within the limit mentioned as on 31st March, den CC is not reqd.
Paid up capital as on 31st March shall be considered for the same. In you case as your capital is Rs. 10 Lacs as on 31st March, you need to file Compliance Certificate.
Agree with both CS.Sneha & CS.Ankur.
Saini Pati Shah & Co LLP, Chartered Accountants
Mumbai
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Vijayawada
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