Who can be appointed as Internal Auditor-

According to Section 138 under companies act 2013, this line is used ... "Chartered Accountant, or a Cost Accountant, or such other professional as may be decided by the Board to conduct internal audit'


Regarding other professional as may be decided by the Board.

This should be external professional or any internal professional can be there.

What is the meaning of professional.

provisions contained in rule 14 of companies act (prospectus and allotment of securities rule) are for private offer or public issue of shares or given in general i.e. some rules are for private issue and some relate to public issue of shares?

Can someone please explain what is Global Depository receipt in simple terms and how it works,i am finding it difficult to understand the procedure of issuing GDR in india u/s 41 of companies act 2013.pls dont use law language as i am an ipcc student(beginner) and want to understand.

One of our client recently got paid up capital increased to 5 Crores and due to this ROC has sent Show cause notice to all the directors why they have not appointed full time company secretary in company"

Now we are planing to buy back some equity so that paid up capital goes down below the 5 Cr. threshold. Then what is the procedure of buyback by the pvt. ltd.
We increased capital just 2 months ago.

And 2nd question is how to deal with Show cause notice received from ROC. Pls suggest its urgent

if company has filed last return in a.y. 2009-2010 after that now on Mca status is Stike off
company is not doing any activity
Now company received notice for non filing of return for A.y. 2010-11,2011-2012,2012-2013

so we need to file return or not as staus is strike off ,company business is closed

who has the power to cancel companies forms (form 32 , 20b &18) which was filed by making forged documents?
if authorised person does not cancel these forms then where appeal can be filled?
and what will be punishment of these authorised person as per companies act,2013?

We have two partnership firm and want to convert into private limited. Firm have four partners.

Section 174 of Companies Act , 2013 says that if Board Meeting can not be held for want of Quorum then that meeting shall automatically stand adjourned next week, same time & place but how much time for waiting of Quorum to present in Board Meeting or how much time directors should wait for quorum to adjourn the meeting ??

Dear CS Experts,

Can I Sell a property on which I had created charges by hyphenation agreement with lender.

Provided, I had not filed CHG-1 with MCA and 300 days already elapsed. Since the Charge amount is small paltry of amount and the procedure to follow for creation of charges after expiry 300 days is little complicated.

So, To avoid the burden of compliance, Can I Sell the property and pay in full to the Lender..?

Please be give specific answers along with Case Laws if any.

IS THERE ANY CEILING LIMIT FOR INTEREST ON LOAN FROM DIRECTORS?