What is Form 20B under Companies Act?
[Refer section 159 of the Companies Act, 1956] Form for filing annual return by a company. having a share capital with the Registrar. Note – All fields marked in are to be mandatorily filled.
Is common seal mandatory now?
The Companies (Amendment) Act, 2015 Common Seal Optional: Companies Act, 2013 required common seal to be affixed on certain documents (such as a bill of exchange, share certificates, etc.) Now, with The Companies (Amendment) Act, 2015 coming into force the common seal is no more mandatory.it has been made optional.
Which condition is not required for forming a dormant company?
The company should have no outstanding deposits nor should have defaulted in payment of the amount or interest. The company should not have any outstanding loan, whether secured or unsecured. The company may apply under this rule after obtaining the concurrence of the lender and enclosing the same with Form MSC-1.
How directors can be removed?
A Company has the authority to remove a Director by passing an Ordinary Resolution, given the Director was not appointed by the Central Government or the Tribunal. A Board Meeting will be called by giving seven days’ notice to all the directors. In the meeting, the members will be asked to vote on the matter.
Why ROC is required?
The Registrar of Companies plays an essential role in fostering and facilitating business culture. Every company in the country requires the approval of the ROC to come into existence. The ROC provides an incorporation certificate which is conclusive evidence of the existence of any company..
Is Inc 20A mandatory?
INC 20A is a declaration of commencement of business that every company must file if the company’s date of incorporation falls on or after 2nd Nov 2018. Furthermore, the company must file INC-20A within 180 days of the company’s incorporation.
Can we file Inc 20 A after 180 days?
You can file e-Form INC 20 A with additional fees for another 180 days, beyond which following will be the consequences: Company will be liable to pay Rs. 50,000 penalty for not filing the Form INC 20A. Registrar may initiate action for the removal of the name of Company / Strike off company name.
What is the difference between a company seal and company stamp?
They are used to leave a company embossment on official documents such as deeds, statutory documents and share certificates. While a company stamp is not required, they are commonly preferred by businesses to quickly leave a professional mark on documents that do not require an official company seal.
Is it compulsory for a company to have a company seal?
A company seal is a stamp that corporations use to execute documents on behalf of your business. There is no legal requirement to use a company seal when executing contracts.
When to file Form 20B with the Registrar of companies?
Form No. 20B should be filed with the Registrar of Companies within 60 days from the date of Annual General Meeting. This is the form to File Balance Sheet of a company in Electronic format. Every column of the form No. 23AC should be filled; digitally signed by Director and Company Secretary and should be pre scrutinized online before filing.
What is page 1 of 6form 20B form?
Page 1 of 6FORM 20B[Refer section 159 of the Companies Act, 1956]Form for filing annual return by a company having a share capital with the Registrar
When to file Form 20B, 23ac and 23aca?
FORM 20B IS FOR ANNUAL RETURN. form 66, 23AC, 23ACA SHOULD BE FILED WITH IN 30 DAYS FROM THE DATE OF AGM. FORM 20B SHOULD BE FILED WITH IN 60 DAYS FROM THE DATE OF AGM.
When do I need to file ROC form 20B?
Due date for Filing Form No. 20B with ROC Form No. 20B should be filed with the Registrar of Companies within 60 days from the date of Annual General Meeting. Balance Sheet of Company in Form No. 23AC This is the form to File Balance Sheet of a company in Electronic format.