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Blog posts March 2020

MANDATORY ANNUAL FILING FOR PRIVATE LIMITED COMPANIES

MANDATORY ANNUAL FILING FOR PRIVATE LIMITED COMPANIES UNDER COMPANIES ACT 2013

Every Private Limited Company is required to file following two forms compulsorily:

  1. AOC-4
  2. MGT-7

AOC-4 is required to be filed within 30 days from the end of Annual General Meeting (AGM). For the purpos…

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 Posted in Companies Act

Appointment of subsequent Auditor

 
APPOINTMENT OF SUBSEQUENT AUDITOR OF A COMPANY UNDER COMPANIES ACT, 2013 
 
Section 139(1): Appointment of Subsequent Auditor in case of Non-Government Company
 
As per Sub section 1 of section 139, every company shall at the first Annual General Meeting appoint an individua…

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 Posted in Companies Act
  Tags auditorappointment

INCOME TAX DEDUCTION FROM SALARIES

INCOME TAX DEDUCTION FROM SALARIES U/S 192 OF INCOME TAX ACT, 1961 FOR FINANCIAL YEAR  2019-20

First let us take a look at the rates of Income tax as per the Finance Act, 2019: 

Tax to be deducted at normal rates:
 

Serial no

Total …

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 Posted in Companies Act

APPOINTMENT OF FIRST AUDITOR IN A COMPANY

 
As per section 139(6) the first auditor of the company other than a government company shall be appointed by the Board within 30 days of Incorporation.In case of Board failure,an EGM shall be called within 90 days to appoint the first auditor.The law is silent regarding from when this time…

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 Posted in Companies Act
  Tags firstauditor
4 blog posts