292A

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JAHNVI (Querist)
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05 August 2010 292A is applicable to public ltd. having paid up capital of not less tha Rs. 5 crores, but upto which date it is to be comply with suppose x unlisted pub. ltd. co. paid up capital increase in March 3,2010 the formation of audit committee & all compliaces have to be mentioned in annual report of 2009-10????? or it is applicable from the financial year 2010-11?????
what would be the postion if paid capital increase in November 11,2010??????

CS Arpita Rajpurohit

CS Arpita Rajpurohit (Expert)
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05 August 2010 the board meeting in which business for increase in captal is taken shuld also consider formation of audit committee. so u will hav to include in annual report 2009-10.

if capital is increased in nov. 10 thn include it in annual report 2010-11