This is our old Accountancy Forum which is now closed and is only available for reference purposes.
Visit the NEW ACCOUNTANCY FORUM at http://forum.accountancy.com.pk/ which is open for registration and discussions.

Accountancy Forum Forum Links » Home | Profile | Active Topics | Members | Search | FAQ
Username:
Password:
Save Password
Forgot your Password?

 All Forums
 The Profession
 Corporate Governance
 post requirement of pvt company
 New Topic  Topic Locked
 Printer Friendly
Author  Topic Next Topic  

skhkhurram
Unregistered Trainee

Pakistan
18 Posts

Posted - Jun 14 2011 :  1:49:56 PM  Show Profile  Send skhkhurram an AOL message
AOA
PLZ
tell me what are the post reqirements of pvt ltd company after its incorporation.

wht forms are to filled in secp after incorporation

kamranACA
Partner

Pakistan
2499 Posts

Posted - Jun 14 2011 :  1:54:42 PM  Show Profile
After incorporation of PVT company, and filing against allotment of shares etc following forms are required to be filed:

Form -29 {showing appointment of first directors, CEO, Auditors and Legal Adviser (if required)}

Consent from auditors and legal adviser will be attached to the Form-29 as well.

Upon conclusion of first AGM, Form-A will be filed.

Filing of audited accounts depends upon the share capital of the Company.

Regards,

Edited by - kamranACA on Jun 14 2011 4:06:14 PM
Go to Top of Page

skhkhurram
Unregistered Trainee

Pakistan
18 Posts

Posted - Jun 14 2011 :  2:32:17 PM  Show Profile  Send skhkhurram an AOL message
thanks a lot


kamran bhai infact sir

plz explain which pvt ltd company has to file audited accounts

and sir form 27 and 28 are filled for public company as i read the ordinance and understand. plz correct me if i m wrong.
Go to Top of Page

kamranACA
Partner

Pakistan
2499 Posts

Posted - Jun 14 2011 :  4:08:55 PM  Show Profile
Yes you are right, Form 27 & 28 are specific for public (listed & unlisted) companies and not for pvt companies. I have edited the above post accordingly.

Which companies have to file audited accounts has already been replied in detail in another thread at this sub-forum. Please check it. Otherwise you may also see section 242 of the Companies Ordinance, 1984 for the info.

Regards,
Go to Top of Page

Bilal_JF
Unregistered Trainee

Pakistan
21 Posts

Posted - Dec 02 2011 :  7:58:30 PM  Show Profile
a private company incorporated this year and will hold first AGM next year. will it file form A to show particulars upto the last date of calender year ie 31 december??
Go to Top of Page

student_of_law
Semi Senior

Pakistan
161 Posts

Posted - Dec 02 2011 :  10:27:25 PM  Show Profile
quote:
Originally posted by Bilal_JF

a private company incorporated this year and will hold first AGM next year. will it file form A to show particulars upto the last date of calender year ie 31 december??



Yo have raised a very good point indeed. You have based your question on Section 156 of the Companies Ordinance, 1984, that says that when there is no Annual General meeting in a year, Form A shall be made up to last day of the calendar year. There is nothing in the law that may suggest that first year of incorporation is exception to this rule. So strictly according to law newly incorporated company should file Form A as on 31.12.2011

However, the practical position is that SECP does not demand furnishing of Form A for the first year. Probably it has interpreted , at least in practice, that section 156 will be applicable after the 1st AGM will become due in accordance with section 158. So if you don't file Form A at the end of first year of incorporation, SECP will not mind that.
Go to Top of Page
   Topic Next Topic  
Advertisements


Follow Accountancy on TwitterFollow Accountancy on Facebook





 New Topic  Topic Locked
 Printer Friendly
Jump To:
Advertisement(s)
Accountancy Forum © 2002 - 2010 Accountancy Go To Top Of Page
This page was generated in 0.04 seconds. Snitz Forums 2000