CA Sunil Kumar CS
21 November 2022 at 17:15

NDH 4 filing

As per new rule Form NDH 4 is deemed to be approved we have not received any reply after 45 day. But for filing for 20A the order of NDH-4 approval is required. Then how to solve this situation?
Also whether Government issued any order of rejection list for NDH-4?


Prakash Joshi
15 November 2022 at 20:33

Form ADT-1 filed before filing ADT-3

There is a typical case and members advice is needed.
ABC Pvt Ltd appointed XYZ & Co, a CA firm as an auditor on Sep 20, 2022, in casual vacancy for the FY 2021-22. The auditors staff filed ADT1 immediately later on it was found that the outgoing auditor didn't file ADT3 and filed now only after his actt settled by the co.
Is there any violence of provisions of the Companies Act,2013/rules How can this irregularity be corrected! Can the auditor file a fresh adt1 with an attachment explaining the omission happened and request the ROC to withdraw the previous ADT-1.


krishnam raju

Dear Sir/Madam,

A profitable mining proprietorship (FIRM) business with long lease on the firm wants to be a listed company through reverse merging with a listing company against stock swap model. The present proprietor wants to take a major stake in an existing listed company by transferring (subject to approval of concern authority) its lease hold assets by triggering open offer and takeover the management control from the existing promoters of the listed company and to run by proprietor only.
With the above background i need the following clarifications:

1. Is it possible to transfer the assets and liabilities of the proprietorship firm after taken the valuation report as per law to an existing stock exchange listing company with different objects clause (not as proprietorship firm) against taking stake in such listed company? if yes what are the statutory compliances to be fulfilled?
2. The existing proprietorship firm is highly profitable company and the majority of the assets are government leased out mines. In such case what are the income tax obligations will arise while transferring the leasehold assets?
3. Any GST and stamp duty will be paid on this transfer of assets.
Hope the given information is sufficient to give an advise.
Thanks and best regards


komal ameta

Dear Experts,
Please help me with the preparation of the Financial Statements of Section 8 Companies (Having 12A Registration & FCRA).
Which division of Schedule III is applicable for section 8 company?
If someone can provide an excel sheet format, It will be a great help.

Warm regards,
Komal


akshay maloo
11 November 2022 at 10:58

SARFESI ACT

In auction, the bidder has paid full amount to the bank, but bank hasn’t issue sale certificate and taking time to issue the same.

What is the limit for bank to issue sale certificate ? Also which section of the act governs the same?


D.SRINIVASULU REDDY

Please Provide New Company Balance Sheet with Schedules and Notes with EXCEL format sir


Saraswathi Valliappan

can a private limted borrow 20 lakhs from an outsiders where he jas already 1 lakh as an equity share capital


Kavita R
03 November 2022 at 10:50

Changing ACCOUNTING STANDARDS

Dear Sir,

Our accounts team had prepared bs in IND -AS last year , but now due to applicability of schedule III they have changed it to AS (CI) . Is it correct? Our xbrl processing person is of the opinion that mostly companies dont change to AS when they have shifted to IND-AS. When the AS & IND AS are applicable. Kindly clarify urgently.

Also that our companies are subsidiary companies but the listed entity has been liquidated.


D.SRINIVASULU REDDY

Please Provide New Company Balance Sheet with Schedules and Notes We need Sir


ANK
22 October 2022 at 16:26

ISSUE OF 0% CONVERTIBLE DEBENTURES

A private ltd company issued 0% convertible debentures to Non Residents of an OCB with approval of RBI. The company is yet to convert. as statutory auditor what is the diclosure to be made under schedule III of the companies Act for the yer ended 31st March,2022