29 December 2010
A chit fund company can also opt for the EES 2011. There should not be any balance payable in Chit acounts, the company should be a non operative company, there should not be any bank balance, cash balance should be less than Rs. 1000/-
Please tell me that if a director of a company who has already resigned from the directorship of a company is required to sign the affidavit / indemnity bond required to be signed under this scheme? The point to be noted here is that although the director has resigned and the Board of Directors has accepted the retiring director's resignation but there is no such intimation from the Company to the R.O.C. ?
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