Whether an outsider (not a former employee) (may or may not be a stakeholder) is covered under the Whistle Blower Mechanism under the Companies Act, 2013 ? If covered, whether he/she gets any protection just like the Directors and Employees of the company ?

in case of voluntary conversion, if opc is filing inc-6 with late fee (its late by 1 year),
the converted pvt ltd incorporate certificate will have resolution date or inc6 filing date?
my view--> i feel resolution date, right?

Dear Friends,
A small company has two directors who are also the promoters and the company has been paying a monthly remuneration of Rs 1.50 lacs to each since a long time.

From March 2020, the company has been facing a financial a cash flow crunch due to lockdown. The directors decided to a voluntarily reduction in their remuneration and draw a lower remuneration than 1.50 lacs.

In FY 2020-21 they drew full 1.5 lacs for first 5 months then half remuneration for rest of the year. In FY 2021-22 drew 40k each for 6 months and then full remuneration for rest of the year and for current FY 2022-23 they propose to draw 50% remuneration for 1st half and full remuneration for the next half year.

The auditor objects to this saying that you can't change the remuneration voluntarily as it will affect the TDS to be deducted from their salary. I personally disagree with the auditor as there is no restriction on payment of remuneration of Directors in a small Pvt. Company and that too when the directors want to help the company to manage the cash flow.

Please share your views :

1. Whether there is any problem in the voluntary reduction of salary by directors.

2. Can the company pass a single board resolution in the beginning of the each FY for a voluntary reduction in remuneration by the Directors without specifying the amount by specifying a reduction upto say 75% of their actual remuneration depending upon cash flow of the company .
Thanks & regards

PC Joshi

Will a director be disqualified if he/she attends all the meetings through virtual mode and is also going to attend the Board Meeting for adoption of Financial Statements, Boards Report and other papers through virtual mode only?

As we know appointment of Independent director is not mandatory for Private limited company even our company wishes to appoint Independent director on the board. Independent Director is Qualified Company Secretary having vide experience in finance. So my question is whether we can make his appointment as Professional Director or Non-executive director/ or Independent director. What is the major difference in these three concept.
And what will be the procedure for appointment of Independent director whether appointment is made at board meeting or else in General meeting

Kindly help the needful.

Sir,

there is a spelling mistake in master data regarding address.We made a complain regarding thus to mca they replied contact professional.Whether we need to pass a further resolution to alter the same?

Sir,

Can you provide source for downloading msme return for the period from Oct to Marc 22??

I have not login id and password in MCA portal.

Ca a practicing CA can sign the Provisional Balance Sheet, if No, Why?

There were 2 directors in the company. The company mistakingly removed 1 director on 17-03-2022 by filing DIR 12. At that point of time, company had only 1 director.
Now when company is trying to add new director by filing DIR-12 the form is showing error "The count of director is less than minimum requirement"
What is the solution for the error?

As per last audited financial , my company have earned a profit above 5 crore. In these case, is that we have responsible for CSR?
Please let me know that how can we implement project under CSR. Is there any guidelines for implementing projects?