Non compliances

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

26 September 2014 AS PER NEW COMPANY ACT 2013 SEC 185,NON COMPLIANCE'S ARISE IN MY COMPANY.SO WHAT IS TIME LIMIT WITHIN WITH SUCH NON COMPLIANCE'S SHOULD REMOVED.AS MY COMPANY GRANTS LOANS TO DIRECTOR WHICH IS ALLOWED UNDER OLD ACT BUT DISALLOWED IN NEW ACT. THIS VIOLATION IS CONTINUE.BY WHAT TIME THESE VIOLATION SHOULD BE REMOVED BY COMPANY.........????

Ankur Garg

Ankur Garg (Expert)
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27 September 2014 There is no time limit prescribed. So I would suggest you to repair the violation as early as possible before Auditor qualify the Audit report.

Thanks

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Querist : Anonymous

Querist : Anonymous (Querist)

27 September 2014 sir please provide me list of compliances required by NBFC(Pvt. Ltd.) with RBI & MCA

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