Minimum expenses of a pvt ltd co.

Hi Safeer,

A private limited Company needs to atleast  file the Annual Forms i.e. 23AC, 23ACA and 20B and Form 66(if applicable) every financial year. The expenses relating to the same can be traced from the MCA website. Also Form 32 if there are any changes in the Management.

Thanks & Regards

Amit Mishra

Dear Safeer,

The calculation of fees of each of the above forms, as mentioned by Amit, requires insertion of Authorised Capital. You can calculate it yourself by going at - MCA 21 portal - 'Quick link' (on the left side of the home page) - 'Calculate the fees'

Regards,

Veeral Gandhi

Thanks a lot for your time and efforts !

Keep sharing the knowledge . . .

Thanx a tonne !!!

Originally posted by : AMIT MISHRA
	Hi Safeer, A private limited Company needs to atleast  file the Annual Forms i.e. 23AC, 23ACA and 20B and Form 66(if applicable) every financial year. The expenses relating to the same can be traced from the MCA website. Also Form 32 if there are any changes in the Management. Thanks & Regards Amit Mishra

Also, there are other expenses in the form of Audit fees to be paid to CA for compulsory audit. 

Thanks for all yor time and efforts...

but Who can be an auditor for a private limited co. with paid up cap between Rs. two and five lakhs?

i mean what are the reqiured Qualifications of the above said auditor according to Co's Act?

Dear Safeer,

AS per Section 224 (1) of the Companies Act, 1956 every company whether it is public or private limited shall have an auditor to audit its accounts. The Auditors appointed at the Annual General Meeting hold the office from the conclusion of the Annual General Meeting at which he is appointed until the conclusion of the next Annual General Meeting.

Thus, the Act seeks to ensure that the appointment of auditors is not in the hands of the directors and is vested in the general body of shareholders.

Who should audit the accounts ? A person, who is Chartered Accountant within the meaning of Chartered Accountants Act, 1949 and holds a certificate of practice, or a partnership firm where of all the partners are Chartered Accountants holding certificates of practice, may be appointed as auditor of a company. However, in the latter case, the appointment as an auditor may be made in the firm name and any of its partners may act in the name of the firm.The following persons cannot be appointed as auditor of a Company:

1. An officer or employee of the company;
2. A person who is partner with an employee of the company or employee of an employee of the company;
3. Any person who is indebted to a company for a sum exceeding Rs. 1,000/- or who have guaranteed to the company on behalf of another person for a sum exceeding Rs. 1,000/-.
4. A person who is holding any security of that company, after a period of one year from the date of commencement of Companies (Amendment) Act, 2000.If an auditor, after his appointment, becomes subject to any disqualification mentioned above, he shall be deemed to have vacated as such.

Regards,

Veeral Gandhi