The Ministry of Corporate Affairs has issued circular no. 15/2015 today i.e. 30th November, 2015 to extend the due date of filing of Forms MGT-7 (Annual Return) and AOC-4 (Financial Statement)and relax the additional fees for the forms filed till 30th December, 2015.
A company (ABC Ltd.) is engaged in the business of manufacturing of packing materials. It owns heavy plant & machineries and other fixed assets. Recently it has revalued its fixed assets and adjusted the resulted gain or loss with total book value of fixed assets, instead of book value of individual asset. Whether accounting treatment… Read More »
COMPANIES (MANAGEMENT AND ADMINISTRATION) THIRD AMENDMENT RULES, 2015 – SUBSTITUTION OF FORM MGT 7 NOTIFICATION [F.NO.01/34/2013-CL-V-PART-I], DATED 16-11-2015 In exercise of the powers conferred under sub-sections (2) and (3) of section 92 read with sub-sections (1) and (2) of section 469 of the Companies Act, 2013 (18 of 2013), the Central Government hereby makes the… Read More »
(On the letterhead of the Company) NOTICE Notice is hereby given that the Extra-Ordinary General Meeting of ____________ Private Limited will be held on __________________(date) at ___________ (Time) . at the registered office of the Company, situated at ___________________________ to transact the following business: Special Business: To consider and if thought fit, to pass with or… Read More »
FREQUENTLY ASKED QUESTIONS ON SEBI (SHARE BASED EMPLOYEE BENEFITS) REGULATIONS, 2014 1. In terms of proviso to regulation 3(12) of the SEBI (Share Based Employee Benefits) Regulations, 2014, the un-appropriated inventory of shares which is not backed by grants but has been acquired through secondary acquisition by the trust has to be sold on the… Read More »
I got appointed as statutory auditor in a Private Limited Company on 25th August 2015. Previous auditor has given NOC but till now I have not filed Form ADT-1 and other ROC filing due to confusion in filing Form ADT-1. Like whether I have to attach Form ADT-3 also or not, whether I have to… Read More »
One of my client’s company is incorporated in Thailand having no physical place of business in India, but they have online business operating in India. Then will it be considered as Foreign Company? Answer: According to section 2(42) of Companies Act 2013 foreign company means and include a Company or Body Corporate incorporated outside India having-… Read More »
COMPANIES (SHARE CAPITAL AND DEBENTURES) THIRD AMENDMENT RULES, 2015 – AMENDMENT IN RULE 18 NOTIFICATION NO. GSR 841(E)[F.NO.1/4/2013 CL-V], DATED 6-11-2015 In exercise of the powers conferred by sub-sections (1) and (2) of section 469 of the Companies Act, 2013 (18 of 2013), the Central Government hereby makes the following rules further to amend the… Read More »
Institute of Chartered Accountants of India (ICAI) has recently withdrawn 5 Guidance Notes, including Guidance Note on Accounting for Depreciation in Companies as per the Companies Act, 1956. Under the Companies Act, 1956, Schedule XIV was dealing with provisions of depreciation. Now, the said Schedule XIV of Companies Act, 1956 has been replaced by Schedule… Read More »
Can a company issue fresh equity shares if the company has made buy back of the same 4 months ago? Answer: According to Section 68(8) of Companies Act 2013, if a company completes buy back of its shares or other specified securities, it shall not make a further issue of the same kind of shares or… Read More »