I want know about Compliance Certificate. Whether it has been removed or it has been clubbed with Annual Return or any any thing else in new Companies Bill. i am not clear about that in new Act.
Pls Specify about that and make clear about that.
3 Replies
Ritzz
(CA Final - Article )
(365 Points)
Replied 25 September 2013
Dear Jaisal
The Requirement of compliance certificate has been done away with and in its place scope of annual return has been enlarged in the New Companies Bill.
Also note the following points in this regard :
The annual return, filed by a listed company or, by a company having such paid-up capital and turnover as may be prescribed, shall be certified by a company secretary in practice in the prescribed form, stating that the annual return discloses the facts correctly and adequately and that the company has complied with all the provisions of this Act.
Directors responsibility statement shall include additional statement related to compliance to all applicable laws and in case of listed companies, it shall include statement related to internal financial control.
Benefit of private companies to file their balance sheet and profit and loss account separately has been withdrawn.
Thanks & Regards
CS Jaisal Mohatta
(Company Secretary)
(136 Points)
Replied 25 September 2013
It means Compliance Certificate has been removed. Scope of Certification of Annual return has been Enlarged,
CS Jaisal Mohatta
(Company Secretary)
(136 Points)
Replied 25 September 2013
What is the criteria of to know whether it is small Companies or not?
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