What is Section 129 of Companies Act, 2013?

What is Section 129 of Companies Act, 2013?

(a) in the case of an insurance company, any matters which are not required to be disclosed by the Insurance Act, 1938 (4 of 1938), or the Insurance Regulatory and Development Authority Act, 1999 (41 of 1999);

Who can Signed balance sheet?

As per Section 134(1), the Chief Financial Officer and the company secretary of the company, wherever they are appointed needs to sign the financial statement.

What is Section 111 of Companies Act, 2013?

(b) circulate to members any statement with respect to the matters referred to in proposed resolution or business to be dealt with at that meeting.

What report must be prepared to comply with Section 217 of the Companies Act?

(4) The Board’ s report and any addendum thereto shall be signed by its chairman if he is authorised in that behalf by the Board; and where he is not so authorised, shall be signed by such number of directors as are required to sign the balance sheet and the profit and loss account of the company by virtue of sub- …

Can a company be a shareholder of another company?

A company shareholder can be an individual person, a group of people, a partnership, another company, or any other kind of organisation or corporate body.

What is Section 143 of Companies Act, 2013?

In accordance with the provisions of section 143(1) of CA, 2013, the auditor have right to access the books of account and vouchers of a company and the records of all its subsidiaries, if any, in relation to the Consolidation of Financial Statements (CFS).

Who signs first auditor or director?

Private companies The directors appoint the first auditor of the company. The members can then appoint or reappoint an auditor each year at a meeting of the company’s members. This should be done within 28 days after the directors send or should have sent the accounts to the members.

Who is eligible to give special notice to the company?

(1) A special notice required to be given to the company shall be signed, either individually or collectively by such number of members holding not less than one percent of total voting power or holding shares on which an aggregate sum of not less than five lakh rupees not more than five lakh rupees not less than five …

What is circulation of members resolution?

Circulation of member resolution generally indicates the resolution authorized by the circulation among the members of the board or directors. The resolutions often passed under the state of urgency or to avoid the requirement of assembling the physical board meeting.

In which year corporation got legal right in India?

Based on the recommendation of the committee and the provisions of the English Companies Act 1948, The Companies Act 1956 came into force on 1st April, 1956.

What is Section 143 12 of Companies Act?

“(12) Notwithstanding anything contained in this section, if an auditor of a company, in the course of the performance of his duties as auditor, has reason to believe that an offence involving fraud is being or has been committed against the company by officers or employees of the company, he shall immediately report …

What is adt4?

The form ADT 4 is a statement filed under rule 13(4) of the Companies (Audit and Auditors) Rules, 2014 and sub-section (12) of section 143 of the Companies Act, 2013 on suspected offence involving fraud being committed or having been committed.

What is section 211 of the Companies Act 1956?

Section 211 in The Companies Act, 1956. 211. Form and contents of balance sheet and profit and loss account. 1. (1) Every balance sheet of a company shall give a true and fair view of the state of affairs of the company as at the end of the financial year and shall, subject to the provisions of this section, be in the form set out in Part I

When did section 211 come into force?

Section 211 shall come into force on 1st April, 2014 vide Notification No. S.O. 902 (E) issued dated 27.03.2014. (1) The Central Government shall, by notification, establish an office to be called the Serious Fraud Investigation Office to investigate frauds relating to a company:

What is section 210 (investigation into affairs of Company of ca 2013)?

Chapter XIV (Sections 206 – 229) of the Companies Act, 2013 (CA 2013) deals with the provisions related to Inspection, Inquiry and Investigation. Section 211 of CA 2013 provides for establishment of Serious Fraud Investigation Office. Recently, we have discussed in detail section 210 (Investigation into affairs of company) of CA 2013.

What is section 211 of the Serious Frauds Act?

SECTION 211. ESTABLISHMENT OF SERIOUS FRAUD INVESTIGATION OFFICE (1) The Central Government shall, by notification, establish an office to be called the Serious Fraud Investigation Office to investigate frauds relating to a company: