A private limited company incorporated in the year 2018, has not appointed first auditors till date. It has also not conducted AGM, nor it has adapted its Financial Statements. Now, my query is how to appoint first auditors and if appointed upto what period will he hold his office. And also, can an auditor be appointed to conduct statutory audits for prior years. If so, kindly provide me with a course of action to be followed for appointment and Filing of Annual Return

As replied by the experts the Articles of association is required to be altered for deletion of common seal clause. But while filling the details online in MGT-14 and thereafter proceeding to E-AOA . Here the E-AOA is the standard one and the AOA which is existing in our records is as per the Companies Act, 2013 with certain additional clauses .

My query is do we have to included those clauses in the E-AOA , which are there in the existing AOA on record?
Do we have to amend the whole AOA as the E-AOA will be the final on record.?
Or else is there any other way for changing the specific clauses as per the existing AOA ?

Kindly reply urgently.

Hello Team,

What is the proceducer to buy and sell the Private Ltd Company In india
What are the steps on buyer point of view & seller point of view?
Also advise latest update on this .

I have filled MGT 14 for change in object clause in MOA. I want to know that normally how many days ROC taken to approve the change.

Articles of association was to be amended in 2014 itself. Since we had not amended the Articles of Association of the Company can we do it now . Can we do it with currrent date? will there be any consequence if we file it with current date? Kindly advise.

Sir I would like to ask if a sahakarmi mandali ( co-operative society) can mortgage its land to a pvt ltd company or give them the rights to mortgage it on its behalf?

Please provide whether NRI be appointed as Managing Director of the Company without Central Government approval.

Can a foreign company give an interest-free unsecured loan to an Indian company where the owners (shareholders) in the foreign company are relatives of owners (Shareholders) of the Indian company?

A shareholder, Mr.A holding 99.8% of shares in an Unlisted Public Company (Say, M/s.ABC Ltd) wishes to Pledge his shares. Whereas the Unlisted Public Company is a member holding 9.03% in a Listed Company (Say, M/s.XYZ Ltd). Mr.A is a promoter of both the said Unlisted M/s.ABC Ltd and M/s.XYZ Ltd. Is there any compliances needs to be carried out in the said companies for pledging of Mr.A's shares in Unlisted Company. Kindly share your views.

Read more at: https://www.caclubindia.com/experts/ask_query.aspand

I am a CA registered in v2 portal of MCA, which was done many years back. At the time of registration my name was given with initials. After Aadhar was introduced my initials were abbreviated with First name, Middle name and Last name. But the V2 profile still contains the name with initials. While logging into V3, an error comes statating that name not as in PAN database. But the name cannnot be changed or edited. Though i raised tickets, its still not working. Can the experts help me to rectify this defect. Because of this error, i cant register my DSC in the MCA portal and sign the documents.