What is Rule 3 of companies accounts?

Availability of books of accounts: Rule 3(1) of the Accounts Rules has been amended to provide that the books of account and other relevant books and papers maintained in an electronic mode should remain accessible in India, at all times so as to be usable for subsequent reference.

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What is the rule 3 of the Companies Act?

(1) The subscriber to the memorandum of a One Person Company shall nominate a person, after obtaining prior written consent of such person, who shall, in the event of the subscriber's death or his incapacity to contract, become the member of that One Person Company.

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What is the rule 3 of Companies Rules 2014?

(1) The books of account and other relevant books and papers maintained in electronic mode shall remain accessible in India, at all times accessible in India so as to be usable for subsequent reference.

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What is Rule 3 of Companies Act 2013?

(3) Where a natural person, being member in One Person Company in accordance with this rule becomes a member in another such Company by virtue of his being a nominee in that One Person Company, such person shall meet the eligibility criteria specified in sub rule (2) within a period of one hundred and eighty days.

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What is Rule 4 of Companies Act?

Rule 4 mandated physical meetings to discuss and approve the matters related to the approval of the annual financial statements; the approval of the Board's report; the approval of the prospectus; the Audit Committee Meetings for consideration of financial statement including consolidated financial statement if any; ...

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Rule 3 - Declaration and Payment of Dividend, Rules 2014

26 related questions found

What is Rule 7 of companies Rules?

(1) A private company other than a company registered under section 8 of the Act having paid up share capital of fifty lakhs rupees or less or and average annual turnover during the relevant period having paid up share capital of fifty lakhs rupees or less and average annual turnover, during the relevant period is two ...

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What is Rule 6 of companies Rules?

(1) The One Person company shall alter its memorandum and articles by passing a resolution in accordance with sub-section (3) of section 122 of the Act to give effect to the conversion and to make necessary changes incidental thereto.

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What is Rule 3 of Section 123 of Companies Act?

Clause 3 of Section 123 provides that the Board of Directors of a company may declare an interim dividend from the surplus in the profit and loss account or from profits generated in the current financial year, provided that it does not exceed the average dividend declared by the company during the preceding three ...

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What is the Rule 5 of companies rules 2014?

5-Companies (Appointment and Remuneration of Managerial Personnel) Rules,2014. (xii) affirmation that the remuneration is as per the remuneration policy of the company. Explanation. - For the purposes of this rule.

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What is the Rule 3 of companies audit and auditors rules 2014?

(3) Subject to the provisions of sub-rule (1), where a company is required to constitute the Audit Committee, the committee shall recommend the name of an individual or a firm as auditor to the Board for consideration and in other cases, the Board shall consider and recommend an individual or a firm as auditor to the ...

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What is the Rule 3 of CSR rules?

Rule 3 of Companies (CSR Policy) Rules has been amended such that every company including its holding or subsidiary and a foreign company defined under Section 2(42) of the Indian Companies Act, having its branch office or project office in India and which fulfills the criteria specified under section 135(1) of the ...

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What is Rule 15 3 of Companies Act, 2013?

In sub-clause (iii) Rule 15(3)(a), for the words “amounting to ten per cent or more of the net worth of the company or ten per cent or more of turnover of the company or rupees one hundred crore, whichever is lower”, the words “amounting to ten per cent or more of the turnover of the company” shall be substituted.

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What is the Rule 13 of the companies Accounts Rule 2014?

Rule-13: Companies required to appoint internal auditor

(i) the internal auditor may or may not be an employee of the company; (ii) the term “Chartered Accountant” or “Cost Accountant” shall mean a “Chartered Accountant” or a “Cost Accountant”, as the case may be, whether engaged in practice or not.

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What is Rule 13 of companies?

- (1) The following class of companies shall be required to appoint an internal auditor 1 [ which may be either an individual or a partnership firm or a body corporate ], namely:- (a) every listed company; (b) every unlisted public company having- (i) paid up share capital of fifty crore rupees or more during the ...

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What is Section 3 of the Companies Act 2006?

(1)A company is a “limited company” if the liability of its members is limited by its constitution. It may be limited by shares or limited by guarantee. (2)If their liability is limited to the amount, if any, unpaid on the shares held by them, the company is “limited by shares”.

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What is Rule 14 of companies Rules 2014?

14-Companies (Appointment and Qualification of Directors) Rules,2014. 1. Every director shall inform to the company concerned about his disqualification under sub-section (1) or sub-section (2) of section 164, if any, in Form DIR-8 before he is appointed or re-appointed. “

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What is Rule 4 of companies Accounts Rules 2014?

(1) The summarised returns of the books of account of the company kept and maintained outside India shall be sent to the registered office at quarterly intervals, which shall be kept and maintained at the registered office of the company and kept open to directors for inspection.

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What is with Rule 7 of the companies Accounts Rules 2014?

(1) The standards of accounting as specified under the Companies Act, 1956 (1 of 1956) shall be deemed to be the accounting standards until accounting standards are specified by the Central Government under section 133.

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What is Rule 8 of the companies Accounts Rules?

-(1) A name applied for shall be deemed to resemble too nearly with the name of an existing company, if, and only if, after comparing the names applied for with the name of an existing company by disregarding the matters set out in sub-rule (2), the names are same.

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What is Rule 12 of companies?

Provided that in case pursuing of any of the objects of a company requires registration or approval from sectoral regulators such as Reserve Bank of India, Securities and Exchange Board, registration or approval, as the case may be, from such regulator shall be obtained by the company before pursuing such objects and a ...

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What is Section 28 3 of Companies Act?

(3) The members, whether individuals or bodies corporate or both, whose shares are proposed to be offered to the public, shall collectively authorise the company, whose shares are offered for sale to the public, to take all actions in respect of offer of sale for and on their behalf and they shall reimburse the company ...

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What is Section 101 3 of the Companies Act?

3. Contents of the notice: The notice of the meeting shall specify the place, date, day, and time of the meeting, and the business to be transacted at the meeting. In the case of a special resolution, the notice shall also contain the text of the resolution.

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What is Rule 9 of companies?

Every individual, who is to be appointed as director of a company shall make an application electronically in Form DIR-3, to the Central Government for the allotment of a Director Identification Number (DIN) along with such fees as provided in the Companies (Registration Offices and Fees) Rules, 2014.

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What is Rule 8 A of Companies Act?

As per Rule 8A: appointment of a company secretary is made by every company other than a company covered under Rule 8 having paid up share capital of % Crore or more is required to appoint a whole-time company secretary.

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What is Rule 10 of the Companies Act?

(1) To provide guidance to the directors with regard to their duties, responsibilities and powers. (2) To formulate the business strategies. (3) To represent before various Regulators, and other authorities in connection with discharge of various duties.

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