Compliance certificate

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

22 September 2014 Hi All,

Is a Company having paid up capital of Rs. 5 crore as on 31/03/2014 required to obtain Compliance Certificate for that period.

Thank you in advance

Ankur Garg

Ankur Garg (Expert)
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22 September 2014 Requirement of CC is very much there for FY 2013-14. As per rule you have to file CC with ROC as your capital is Rs. 5 Crore and if you have not appointed whole time CS. However if you have appointed whole time CS no need to collect CC. Check the link below:

https://www.caclubindia.com/experts/compliance-certificate-limit--422490.asp#.VCAOCldqOZQ

Thanks

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Querist : Anonymous

Querist : Anonymous (Querist)

22 September 2014 Thanks alot sir. Really appreciate your response on this.

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Querist : Anonymous

Querist : Anonymous (Querist)

22 September 2014 Thanks alot sir. Really appreciate your response on this.

Querist : Anonymous

Querist : Anonymous (Querist)

22 September 2014 Sir I do have another query. Suppose an audit firm has been auditing the Company since last two years. As per 139(2) of CA 2013, an audit firm can be re-appointed as auditor for more than two terms of five consecutive years.
My question here is, that can an audit firm be appointed as an auditor for eight years, subject to ratification at every AGM.

Thank you in advance

Ankur Garg

Ankur Garg (Expert)
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22 September 2014 Initially you can appoint the firm for a period of 5 years subject to ratification in every AGM.

Thanks

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