Article written by ---- ~~ Acs Navneet ojha -------for CS Notes Home Rules gets notified. Annual return to be certified by PCS only if its a listed company or paid up capital more than 10 crores or turnover more than 50 crores. All forms have been named accordingly with respect to the names of Chapters of the Act.. New incorporation forms.. Form INC 1 for Name reservation, Form INC 7 for declaration of incorporation, INC 22 for regd office and DIR 1 for First Directors.. Ruless released by mca Csn b downloaded from MCA Public company - Appointment of internal auditors Paid up capital of Rs.50 crores or more in preceding financial year Turnover of Rupees two hundred crores or more Borrowing from banks and financial institutions exceeding Rs.200 crores preceeding financial year Outstanding deposits Rs.5 crores or more preceeding financial year Private company- Appointment of internal auditorsTurnover of Rs.200 crores or more during the preceeding financial year Outstanding loans of Rs.100 crores or more during the preceding financial year Establishment of Vigll mechnanism(a) the Companies which accept deposits from the public;(b) the Companies which have borrowed money from banks and public financial institutions in excess of fifty crore rupees Annual Return certification by Company Secretary in Practicea listed company or a company having paid up capital of Rs.10 crores rupees or more or turnover of Rs.50 crores or more shall be certified by Company Secretary in practice and certidicate in form no, MGT -8 Related party transactions For the purposes of first proviso to sub-section (1) of section 188, except withthe prior approval of the company by a special resolution-(i) a company having a paid-up share capital of ten crore rupees or more shall notenter into a contract or arrangement with any related party; or-- Independent DirectorsNumber of independent directors.- The following class orclasses of companies shall have at least two directors as independentdirector(i) the Public Companies having paid up share capital of ten crorerupees or more; or (ii) the Public Companies having turnover of one hundred crore rupeesor more; or (iii) the Public Companies which have, in aggregate, outstanding loans,debentures and deposits, exceeding fifty crore rupees . The annual return filed by a listed company or a company having paid up capital of Rs.10 crores rupees or more or turnover of Rs.50 crores or more shall be certified by Company Secretary in practice and certificate in form no, MGT -8
Posted on: Fri, 28 Mar 2014 11:52:53 +0000
Trending Topics
Recently Viewed Topics
© 2015