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.

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

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

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?

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

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.

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

CAG has appointed statutory auditor for Govt PSU on 26.08.2022, but the communication received on 26.09.2022 for PSU and company sent letter to Auditor and obtain Consent on 19.10.2022. In this situation while filing ADT-1 Shall I mention Date of Appointment as 26.08.2022 or 26.09.022 (date of Communication received by PSU) what date should I required to mention in ADT-1 Filing Please clarify?

Respected Sir,

ROC requires balance sheet into 100 denominations. There is a formula in Excel whereby data can be converted very easily into 100 denominations or 1000 denominations or 1,00,000 denominations. Please let me know the method for such a conversion.

Can a newly formed Private Limited Company issue shares to outsiders? Please state the process and compliances to be followed?