Dear Friends,
Do we require to file Board resolution approving the annual audited accounts & Quartely Unaudited financial results with roc???? if yes then which section says that???
2 Replies
Ankur Garg
(Company Secretary and Compliance Officer)
(114773 Points)
Replied 28 May 2014
Yes we have to file Board resolution approving the annual audited accounts & Quarterly Unaudited financial results with roc through form MGT.14.
Requirement of filing form MGT.14
As per Section 117(1), certain resolutions and agreements as required by section 117(3) are required to be submitted with ROC through filing form MGT.14. Section 117(3) also refers matter given in section 179(3) are also required to be reported via MGT.14.
As per section 179(3)(k) read with rule 8(5) of Companies (Meetings of Board and its Powers) Rules, 2014, approval of quarterly, half yearly and annual financial statements or financial results shall be done by the Board only by means of resolutions passed at meetings of the Board. Hence it is duty of the company to pass board resolution to file a copy of that board resolution in MGT.14. within 30 days of passing board resolution.
Thanks
CS Ankur Garg
Vandana J Doshi
(Practising Company Secretary)
(12562 Points)
Replied 29 May 2014
Hi,
check the provisions of Section 117 read with Section 179 and relevant rules....
Regards
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