Dipjyoti Majumdar (CA in service & CS. dipmaj@ rediffmail.com ) (3468 Points)
31 July 2015Friends
Is filing of board resolution after approval of accounts and directors' report by Board in its meeting in MGT -14 now not required within 30 days? Is there any circular/notification/clarification from MCA on this.
Regards,
P C Agrawal
(Registered independent director Past Chairman of Aurangabad Chapter of ICSI Practicing Company Secretary at Aurangabad)
(8229 Points)
Replied 31 July 2015
It is mandatory u/s 117(1) read with 117(3)(g) and 179(3)(g). No circular or clarification or rule is required.
prakash
(Company Secretary)
(1352 Points)
Replied 31 July 2015
Dear Majundar,
The public limited companies have to file form MGT-14 within 30 days of approval of accounts, however, exemption was provided to private limited companies through notification dated 5th June,
See point no 8 of enclosed notification.
P C Agrawal
(Registered independent director Past Chairman of Aurangabad Chapter of ICSI Practicing Company Secretary at Aurangabad)
(8229 Points)
Replied 02 August 2015
Ajay Ranade
(Proprietor)
(35 Points)
Replied 04 July 2017
Sir,
Whether a Private Limited Company which is subsidiary of a Listed Public Company need to file MGT 14 for approval of accounts, Dir Rep etc OR the exemption notification dated 5-6-15 is applicable to all Pvt co? Pls clarify
CAclubindia
