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Extract Annual Return

Mattam & Associates (36 Points)

21 August 2020

Is it mandatory to attach extract of annual return in the directors report

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Sagar Patel (Tax and Business Consultant) (11611 Points)
Replied 21 August 2020

Yes, it's mandatory to attach extract of annual return in the directors report.

Sagar Patel (Tax and Business Consultant) (11611 Points)
Replied 30 August 2020

Ministry of Corporate Affairs has amended Companies (Management and Administration) Amendment Rules 2014, vide notification no G.S.R. 538 (E) dated 28th August 2020. As per the amendment MCA has done away with the requirement of attaching extract of annual return in Form MGT-9 to the boards report, if the web link of such annual return has been disclosed in the Board’s report..

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Mattam & Associates (36 Points)
Replied 30 August 2020

Sir loan received by directors' friends to be considered as deposit

Sagar Patel (Tax and Business Consultant) (11611 Points)
Replied 30 August 2020

Yes, Loan received by Company From Friends of Directors is considered as Deposit.

But is it Pvt Ltd. Company.??
Pvt Ltd. Company can't take loan from person other than it's shareholders, director and relatives of directors..