M. B. & Associates, Company Secretaries, 289, Jhandewalan Extn, Delhi (2026)

B. & Associates, Company Secretaries is expertise in company secretarial compliances in various core areas as required under Companies Act. Companies Act, 2013 is an upcoming act that has come with various challenging tasks and procedures that are required to be adhered with all types of companies registered under the Act. Our firm has been truly qualified to handle all types of complexities and p

rocedures that may be required to be adhered from time to time. We work as a team to provide satisfaction to our clients by handling their tasks with complete sincerity and attention. We are engaged in providing best services that are being related to company matters. From companies formation till the closure of the same, we are expertise in handling all types of work. The work gets simpler by building trust with M. B. & Associates, Company Secretaries who assure that the compliances of the companies as per New Companies Act, 2013 shall be complied as per the lawful provision provided under the Act.

11/04/2016

Internal Audit

As per Section 138 of Companies Act, 2013 read with Rule 13 of Companies (Accounts) Rules, 2014, certain class of companies are required to appoint Internal Auditors.

Extract of Rule 13 of Companies (Accounts) Rules, 2014:

1. Every Listed Company

2. Every unlisted public company having: 1. paid up share capital of 50 cr rupees or more during the preceding financial year or 2. turnover of 200 crores or more during preceding financial year or
3. outstanding loans or borrowings from banks or public financial institutions exceeding one hundred crore rupees or more at any point of time during preceding financial year or 4. outstanding deposits of twenty five crore rupees or more at any point of time during the preceding financial yar

3. every private company having

i. turnover of two hundred crore rupees or more during the preceding financial year or

ii. outstanding loans or borrowings from banks or public financial institutions exceeding one hundred crore rupees or more at any point of time during preceding financial year

Provided that an existing company covered under any of the obve criteria shall comply with the requirements of Section 138 and this rule within six months of commencement of such section.

For further update; please log on to www.secretarialservices.in

Regards,
CS Medha Bhargava
Company Secretary

08/02/2016

List of Resolutions as follows:

Pursuant to Section 117 (3) of the Act:

1. all Special Resolutions
2. Resolution for appointment, re-appointment, renewal or variation of Managing Director
3. Resolutions passed in pursuance of sub-section (3) of Section 179
4. any other resolution or agreement as may be prescribed and placed in the public domain.

Section 179(3)

a. to make calls on shareholders in respect of money unpaid on their shares
b. to authorize buy-back of securities under section 68
c. to issue securities, including debentures, whether in or outside India
d. to borrow monies
e. to invest the funds of the company
f. to grant loans or give guarantee or provide security in respect of loans
g. to approve financial statement and the Board's report
h. to diversify the business of the company
i. to approve amalgamation, merger or reconstruction
j. to take over a company or acquire a controlling or substantial stake in another company
k. any other matter which may be prescribed

k. any other matter prescribed in rules as under:

1. to make political contributions
2. to appoint or remove KMPs
3. to take note of appointment or removal of one level below the KMP
4. to appoint internal auditor or secretarial auditor
5. to take note of the disclosure of director's interest and shareholding
6. to buy, sell investments held by the company (other than trade investment) constituting 5% or more of the paid up share capital and free reserve of the investee company.
7. to invite or accept or renew public deposits and related matters
8. to review or change the terms and conditions of public deposit
9. to approve quarterly, half yearly and annual financial statements or financial statements as the case may be.

As per GSR 206 (E) dated 18th March, 2015 below points to be omitted:

Point No. 3, 5, 6, 7, 8, 9 (from above list)

Any further query, you may revert on below mail.

Regards
CS Medha Bhargava
[email protected]

12/01/2016

Benefits of CSR (Corporate Social Responsibility) to Company

The scale and nature of benefits of CSR for an organization can vary depending on the nature of the enterprise and are difficult to quantify. However, as per evidence available based on research and experience, it is seen that the companies have experienced a range of bottom-line benefits. Some of the benefits are mentioned below:

1. Increased sales and market share

2. Strengthened brand positioning

3. Enhanced corporate image and clout

4. Increased ability to attract, motivate and retain employees

5. Decreased operating costs

6. Risk Management

Pursuant to Section 135 of Companies Act, 2013, Every company having net worth of RUPEES FIVE HUNDRED CRORE or more, or turnover of RUPEES ONE THOUSAND CRORE or more or a net profit of RUPEES FIVE CRORE or more during ANY FINANCIAL YEAR shall constitute a CORPORATE SOCIAL RESPONSIBILITY (CSR) consisting of THREE or more directors, out of which atleast one director shal be an independent director.

11/01/2016

Section 161 - Appointment of Additional Director as per Companies Act, 2013

Procedure:

1. Check whether Articles of Association has power to appoint additional director in a company. In case not, alteration would be required.

2. DIN of the proposed director required

3. Consent/ Declaration of director for such appointment required

4. Consent in DIR-2 to be obtained from director

5. Informing in Form DIR-8 and MBP-1 in respect of Section 164(2) and Section 184(1) of Companies Act, 2013 to be obtained from appointed director.

6. Holding of Board Meeting for appointment of Additional Director pursuant to Section 161 of Companies Act, 2013

7. Filing of DIR-12 with ROC within 30 days of appointment.

8. Making entries in Registers maintained under Section 170 of Companies Act, 2013

9. Lastly, appointment of additional director remains till the ensuing Annual General Meeting. Hence, regularization needs to be done in the subsequent meeting and proceedings to be done accordingly.

Regards,
CS Medha Bhargava

11/01/2016

M. B. & Associates, Company Secretaries assists in endeavoring best services in the field of secretarial services that are being required at various platforms by the companies from time to time in adherence with the Ministry of Corporate Affairs/ Registrar of Companies.

We work as a team to provide satisfaction to our clients by handling their tasks with complete sincerity and attention. We are engaged in providing best services that are being related to company matters. From companies formation till the closure of the same, we are expertise in handling all types of work.

Major Services Performed by Our Firm as follows:

Company Incorporation within time frames
Monthly Retainership Services
Updating on changes incurred by law from time to time and adherence in compliance for the same
Maintaining minutes for meeting, registers, preparing Certificates, Memorandum of Association and Articles of Association
Secretarial Audit for Listed Companies and Class of Companies
Formation of Limited Liability Partnership (LLP) and One Person Company
Interacting with Legal Authorities and Company Law Board in resolving disputes
Acquiring of DIN and DSC
Arranging of obtaining Approvals from Government Authorities
Corporate Social Responsibility

Address

289, Jhandewalan Extn
Delhi
110055

Telephone

9818844933

Website

http://www.secretarialservices.in/

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