In the ROC form CHG 1 as per companies act 2013, in the case where MD is authorised to sign CHG1, there is no option to fill the authorised person is Managing Director to fill the form. But there is an option to choose Director. Can we go for option of Director, when MD is authorised to sign the form. or what is the solution for this difficulty.

In ROC new forms as per companies act 2013, certificate of practice number is a mandatory field. what is the certificate of practice number mean? Is firm registration number can be used as certificate of practice number ? or is membership no of CA can be used as a certificate of practice number ?
Pl help me with your valuable answers and guidlines.

SIR,
A LIMITED COMPANY IS CHARGING DEPRECIATION ON ITS VARIOUS FIXED ASSET ON W.D.V METHOD AT THE RATES MENTIONED IN SCHEDULE XIV FOR THE LAST SEVERAL YEARS
SIR I AM NOT CLEAR THAT FOR THE CURRENT F.Y 2013-14 HOW THE DEPRECIATION WILL BE CHARGED UNDER THE NEW COMPANIES ACT 2013
SIR, PLEASE GUIDE ME

Hi Everyone, I have a query with regard to applicability of public deposits provisions to limited companies. The case is as follows. The company has collected Security Deposits (SD) from their dealers/agents on which it is paying a simple interest of 12% pa. But now there exist some dealers who aren't doing any business with company past 2-5 years but because they haven't withdrawn their SD's, Company is still paying them an interest @12% pa. As per my understanding, the SD got converted to public deposit where sec. 58A of Composites Act, 1956 and Companies (Acceptance of Deposit) Rules, 1975 would be applicable. please confirm whether my understanding is right. Thanks, Sandeep Biradar

What is shelf prospectus..? example.

A Section 25 company having 100s of branches (Eg:- a church)decided to appoint branch auditors. Each branch head is authorised to appoint the branch auditor. Can an auditor accept the appointment letter issued by the branch head. It is practically impossible to convene a general meeting and appoint each branch auditors? Is such appointment is in violation to provisions of Companies act, 1956? If so, what is the correct procedure for appointment and acceptance of Branch Auditor??

25th April 2014

Dear Members

I give below Section 144 of the New Companies Act, 2013 which stipulates that the Statutory Auditors cannot provide certain services (see below "a" to "i")

In this connection my query is whether the statutor auditor can provide tax audit services to the company. Whether providing tax audit servics will attract Sec 144(i) of the New Act.

144. An auditor appointed under this Act shall provide to the company only such
other services as are approved by the Board of Directors or the audit committee, as the case
may be, but which shall not include any of the following services (whether such services are
rendered directly or indirectly to the company or its holding company or subsidiary company,
namely:—
(a) accounting and book keeping services;
(b) internal audit;
(c) design and implementation of any financial information system;
(d) actuarial services;
(e) investment advisory services;
(f) investment banking services;
(g) rendering of outsourced financial services;
(h) management services; and
(i) any other kind of services as may be prescribed

Kindly clarify

with regards

Murali

Can an executive director be appointed in two companies at the same time...Plz advice

Dear Experts,

Kindly advice the applicability of Companies act 2013.
Which sections are applicable on the accounts of year ending on 31.03.2014?
I am really confused regarding this..??
what all the sections are applicable till date?
Thanking you in advance

Best Regards'
Pooja

Dear Expert

What is the difference between Rubber stamp and Common Seal?

Can i use round rubber stamp as common seal as well for private companies or common seal is altoghther different??

Thanks in advance