I have one query under section 372A, One public company wants to provide loan to another company, but as per last audited balance sheet, company suffer losses and have debit balance in profit & loss account. Now my query is: For calculation of free reserves limits as per section 372A of the Act whether the losses in the profit and loss account need to be deducted or not. As per my understanding free reserves means those reserves which (as per the latest audited balance sheet), are free for distribution as dividend and hence debit balance in profit&loss account will not consider.

Please correct me, if i m wrong. I seek your valued suggestion on the above mentioned query.

Regards, CA Ashish Agarwal

What are the consequences if Company has not given appointment intimation to auditors within 7 days of AGM
rsbglr@gmail.com

Hello Friends,

Please Help me in the following cases :-

Case 1 :-
If the company(Private Limited) is incorporated in AUg. 2012, & they have appointed 1 auditor, but they have not intimated the same to ROC and even the auditor also not intimated the same to the ROC.

whether there is penalty now ?

Case 2 :-

if the company is incorporated on 31st Dec. 2012.

Friends please suggest.

Regards
Sumit

Dear All,

I would like to know that in the AGM, when the company is regularizing the additional director to regular director; can the company make him as director not liable to retire for rotation (permanent).
The director does not own any shares. The company is a private Ltd company.
Filing form 32 will be sufficient or any other documents are required.?
Whether Special Notice is required?

Kindly Help

Sir ,
A IT Engineer providing web developing services Wants to register As a company

Is he has to register only in the Service Tax
Act Or

Only Under Company Act
OR
Under Both Acts

If Mr.A having folio No. 1 transfers all his shares to Mr.B (who has folio no.2), is it possible to change Mr.B's folio number to 1 or will it remain to be folio no.2 ? What will happen to folio no.1 of Mr.A ?

While filing the annual returns

1- in uploading 23AC , 23ACA & 20B

(A)and did the attachments require to be first physically signed & stamped both by the Auditor & the director an then scanned and uploaded or Can Physically unsigned attachments be uploaded only using the DSC's of the auditor & Director.

(B)what attachments will be annexed,

Please answer in detail

There is a private limited registered as “ xxx Builders & Developer Pvt Ltd.”. Its main object is for dealing in properties.

Now its directors want to start a new business of medical(medicine).

So, what a procedure for it? Or company requires to change name.

If assessee is an individual and engaged in the business of financing purchase of goods on Hire Purchase, will Service Tax provisions apply on interest received in this?

Please reply.

A Private Limited company is incorporated.There are three subscriber to MOA, out of which one is company holding more than 51% shares in the new company and there by becoming the holding Company of the newly incorporated.

The newly incorporated company has not open bank account....so no subscription money is deposited.It has been a year since the company is incorporated.Any solution that what steps should be taken for such type of Company

One more problem is that,in Balance Sheet of the holding Company...there is no entry of the investment made and no disclosure about the subsidary as the Company has not paid subscription money...

Also one more thing to note is that the holding and subsidary Company have same prefix, therefore a Board resolution and NOC is issued by the holding Company..

How will the unpaid subsriciptiom amount get reflected in holding Company