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Records to be verified while preparing Compliance Certi.

Ekta (Practicing CS) (423 Points)

23 July 2009

What are the records need to be verified while preparing Compliance Certificate of any private Limited Company??? and are ledgers of any company required to be verified for the purpose of Sec.314 and Sec. 58A ???

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2 Replies

Malav Shah (Company Secretary and AVP Legal) (171 Points)
Replied 23 July 2009

You need to check the Balance Sheet for verifiying sec 314 & 58A. Check notes to accounts, parties from whom loans taken, etc.

Checklist for Compliance Certificate attached.

Regards

Malav Shah

Attached File : 42 checklist compliance certificate.doc downloaded: 306 times

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Ajay Mishra (Company Secretary) (74337 Points)
Replied 24 July 2009

Dear Ms. Ekta

Yes, If you read Rule 3 of Companies (Compliance Certificate) Rules, 2001 , it says that the Practicing Company Secretary before issue compliance certificate examine the registers records, books and papers of the concerned company.

Before issuing CC the PCS examined that the company has obtained necessary approvals from the Board of Directors, members and the previous approval of the Central Government pursuant to section 314 of the Companies Act, 1956 wherever applicable.
Before issuing CC the PCS examined that the company has complied with the provision of section 58A and 58AA read with Companies (Acceptance of Deposit) Rules, 1975.

Regards