signing of annual return by PCS

[pk singhal]

SIR I have a small company which paid up capital is ₹ 5 lakh and turnove is only ₹ 6 lakh. so not req its annual return to be signed by PCS. But if this co. have investment in 40% share of another co. which turnover is ₹ 40 crore and paid up capital is ₹ 5 crore. Now will it required to sign of their annual return by pcs as a associates co.

AI Summary

Company's Annual Return May Not Need PCS Signature Despite Investment, Referencing Rule 11 and Section 92. A company with a paid-up capital of 5 lakh and a turnover of 6 lakh inquired if its annual return needs to be signed by a Practicing Company Secretary (PCS), given its 40% investment in another company with a turnover of 40 crore and paid-up capital of 5 crore. The consensus among the respondents was that it might not be necessary, referencing Rule 11 of the Companies (Management and Administration) Rules, 2014, and Section 92 of the Companies Act, 2013.