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Regarding filing of mgt 14 - reg

Harismohan (Accountant) (177 Points)

07 January 2015

Dear Sirs

We are closely held limited company. We are renewing the existing working capital credit facilities from LVB Ltd. We are giving the board resolution to bank for accepting the limits. Whether MGT -14 applicable to this resolution.

Advance Thanks for your reply

Regards

S.Mohan

Accountant

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6 Replies

CA SONIYA AGARWAL (self practice) (3005 Points)
Replied 07 January 2015

yes mgt - 14 is required

CS Divesh Goyal (Practicing Compnay Secretary) (50010 Points)
Replied 08 January 2015

Dear sir. yes mgt14 require to file. i prepared list of 50 replution for which mgt 14 require to file. if u want that mail me at csdiveshgoyal @ gmail.com

CS MOHIT SALUJA (PRACTICING CS Jalandhar 9914558709) (5155 Points)
Replied 08 January 2015

As per Section 179(3)(d) i.e. To Borrow Money, the resolution is required to be filed with ROC as an attachment in MGT-14

kanhaiya kumar agarwal (Practising Chartered Accountant) (72 Points)
Replied 22 January 2015

Sir,

A company has failed to file Special Resolution in Form 23 under Old Companies Act 1956 on 30.04.2013. Such non-compliance is still continued by the company under New Companies Act 2013.

How additional fees will be levied on the company, under old act or new act and how the same can be saved. Please guide.

Arif Ali (Apt Co Advisory) (1230 Points)
Replied 31 January 2015

yes MGT-14 need to file

CS MOHIT SALUJA (PRACTICING CS Jalandhar 9914558709) (5155 Points)
Replied 31 January 2015

No additional fees in this instance can be saved bro. Moreover, while filing MGT-14, the system will require the SRN of INC-28 i.e. the form is being filed with a delay of 300 days. Hnece, the same need to be compound from the CLB. So instead of Additional Fees, compounding fees will also have to be given by the company now for the MGT-14 filed for back dated.