Podcast
Questions and Answers
Which companies are required to provide their registered office address at the time of incorporation?
Which companies are required to provide their registered office address at the time of incorporation?
All companies that have not provided registered office address at the time of incorporation.
Which companies are required to appoint the first auditor by the Board of directors and report it to the Registrar?
Which companies are required to appoint the first auditor by the Board of directors and report it to the Registrar?
All companies, except private companies having paid up capital not exceeding one million rupees.
Is appointment of a company secretary mandatory for all companies?
Is appointment of a company secretary mandatory for all companies?
No, appointment of a company secretary is mandatory for public companies and optional for others.
What is the section and law reference for the appointment of the first auditor by the Board of directors?
What is the section and law reference for the appointment of the first auditor by the Board of directors?
What are the sections and regulations that govern the appointment of a company secretary and filing of return?
What are the sections and regulations that govern the appointment of a company secretary and filing of return?
Study Notes
Company Registration and Auditor Appointment
- Companies limited by shares or guarantee must provide their registered office address during incorporation.
- Private and public companies, whether limited or unlimited, are required to appoint the first auditor by the Board of Directors and report this appointment to the Registrar.
Auditor Appointment Reporting
- The Board of Directors must appoint the first auditor within 30 days of incorporation.
- If the Board fails to make the appointment, the members of the company must appoint the auditor at an extraordinary general meeting.
Company Secretary Requirements
- Appointment of a company secretary is mandatory for listed companies and certain public companies specified by law.
- Private companies are not required to appoint a company secretary unless they meet specific criteria under relevant laws.
Legal References for Auditor Appointment
- The appointment of the first auditor by the Board of Directors is governed under the Companies Act, specifically under Section 139, which outlines the requirements and procedures.
Company Secretary Appointment and Regulations
- The appointment of a company secretary is regulated by Section 203 of the Companies Act and applicable rules and regulations.
- Filing of returns and compliance requirements for company secretaries is specified under various sections of the Act, which ensures transparency and accountability in corporate governance.
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Description
Test your knowledge on post-incorporation requirements and activities in this informative quiz. Learn about the statutory activities applicable to companies, the necessary returns to be filed with the registrar, and the immediate actions to be taken after incorporation. Perfect for entrepreneurs, business owners, and anyone interested in company registration.
