Question : Whether Secretarial Standard 1 (SS-1) be applicable for a Board meeting, the notice for which has been issued in the month of June 2015 but Board meeting of which is in July 2015? Answer: No, SS-1 is applicable only to those Board meetings in respect of which Notices are issued on or after 1st July,… Read More »
Question: Is a company required to ascertain from the Members every year whether they wish to receive documents by e mail ? Answer: In terms of Rule 18 of the Companies (Management and Administration) Rules, 2014, a company is required to provide an opportunity at least once in a financial year, for registration of e-mail… Read More »
Query: Section 102(2) of the Companies Act, 2013 while defining ordinary business refers to appointment of and fixing remuneration of Auditors. While as per Section 139 of the Companies Act 2013, Auditor appointed for a term of five years needs to be ratified every year in AGM. Does the term as used in Section 102(2),… Read More »
SECTION 4 OF THE COMPANIES ACT, 2013 – MEMORANDUM – NAME OF COMPANY – USE OF WORD ‘NATIONAL’ IN THE NAMES OF COMPANIES OR LIMITED LIABILITY PARTNERSHIPS (LLPs) GENERAL CIRCULAR NO.2/2014 [F.NO.2/2/2014-CL-V], DATED 11-2-2014 It has come to the knowledge of this Ministry that Companies/Limited Liability Partnerships are being registered with the word ‘National’ in… Read More »
Different financial year of Company Query: I have a query my client is following financial year as Nov 2012 to Oct 2013. For complying with sec 2 (41) of companies act 2013, we are revising financial year from Nov 2013 to Dec 2014. We have not passed any BR to that effect till now. I would… Read More »
FAQs ON SECRETARIAL STANDARD ICSI replies to queries received on SS-1 and SS-2 ON SECRETARIAL STANDARD ON BOARD MEETINGS (SS-1) AND ON GENERAL MEETINGS (SS-2) PRESS RELEASE, DATED 21-7-2015 Scope/1. Is SS-1 applicable to banking entities which are listed on Stock exchanges? Ans. SS-1 is applicable to all companies incorporated under the Act (for definition… Read More »
PAN of shareholder in Government Company Query: In case of a Government Company, the shares are held by the Government of India in the name of the Hon’ble President of India. As per the Business Rules, either CIN of shareholder or PAN of shareholder is Mandatory in case Country of incorporation or residence of shareholder is India.… Read More »
SECRETARIAL STANDARD 2 (GENERAL MEETINGS) brief analysis Secretarial Standards issued by ICSI which are effective w.e.f 1st July, 2015. Ø Notice in writing of every Meeting shall be given to every Member of the company. Such Notice shall also be given to the Directors and Auditors of the company, to the Secretarial Auditor, to Debenture Trustees, if any,… Read More »
last date of in filing of forms MGT-7 and AOC-4 MCA has released the General Circular No. 10/2015 w.r.t Relaxation of additional fees and extension of last date of in filing of forms MGT-7 (Annual Return) and AOC-4 (Financial Statement) under the Companies Act, 2013 Click to View the circular
Query: Could you please suggest me the form required to be filed with RoC for condonation of delay in filing board resolution under section 179 beyond 300 days. Answer: You are required to file Form CG-1 for filing Condonation of delay with the Registrar of Companies.