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Answer: Section 96(1) of the Companies Act 2013 provides that in case of first Annual General Meeting, it shall be held within a period of nine months from the date of closing of the first financial year and in any case, within a period of six months, from the date of closing of the financial year.
Further, Section 2(41) of the Companies Act 2013 defines financial year in relation to any company or body corporate as the period ending on 31st day of March every year and where it has been incorporated on or after 1st day of January of a year, the period ending on 31st day of March of the following year, in respect whereof financial statement of the company or body corporate is made up
Thus, the Annual accounts of the company incorporated before 1st January 2016 shall be closed on 31st March 2016 and consequently AGM shall be held within a period of 9 months from the date of closing of the first financial year, i.e., 31st December 2016.
Answer: You are required to install Java 8 update 45 and uninstall other versions of Java on your system, then try to register DSC with the MCA Portal and use either Mozilla Firefox or Internet Explorer for registering the same.
Answer: Yes for this type of name, you can apply along with declaration as per rule 12 of the Companies (Incorporation) Rule, 2014 if, license is issued under section 8. However, Finance activity is under regulatory control of RBI. Hence at the time of filing incorporation documents promoters/director of proposed company are required to give undertaking as per rule 12 of the Companies (Incorporation) Rules, 2014.
Forms AOC-4, AOC-4 CFS, DIR-12, FC-2 and MGT-15 are likely to be revised on MCA21 Company Forms Download page w.e.f 24th August, 2016.
ICAI Updates:-
Ind AS Transition: Associate to adopt Ind AS from the FY in which holding company is required to adopt it
ICAI has invited to attend the faculty Identification Programme on GST-II dated on 23.08.2016.
ICAI has extended the last date for Company Registration Related to Campus (9 Bigger Centres) from22 to 29 Aug’16.
ICAI is taking up the matter to resolve any problem in uploading tax audit reports due to nonupdation of PAN number at ICAI or due to differences in the name as per ICAI record and name given in PAN number with the department on top priority basis and the members are requested to update/provide their PAN details by filling requisite details by clicking the linkhttps://online.icai.org/app_ forms/panupdate/index.html at the earliest but latest by 26.08.2016.
Advance information for 1st fortnight of September of functions with booking cost more than Rs. 1 Lakh in Banquet halls, hotels etc. in Delhi -27/08/2016
Payment of TDS in Form no. 26QB for purchase of property for the month of July: – 30/08/2016
Be thankful for hard times in your life, try not to look at them as bad things but as opportunities to grow and learn.
The most important thing is to enjoy your life – to be happy – it’s all that matters. -Audrey Hepburn
The search for happiness is the main reason for unhappiness. Accept life the way it comes, as a result, you’ll find happiness in every moment of your life.
Never win people with arguments rather defeat them with your smile because people, who always wish to argue with you, cannot bear your silence.
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