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??????
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
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