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.

[Surender Gupta]

It may not be required.

Please refer to

Rule 11 of the Companies (Management and Administration) Rules, 2014

read with

Section 92 - Annual return of the Companies Act, 2013 [MANAGEMENT AND ADMINISTRATION]

[DR.MARIAPPAN GOVINDARAJAN]

I endorse the views of Shri Surendar Gupta.

AI Summary

Annual return signing requirement may not apply to a small company solely due to associate company investment, per governing rules.
The statutory requirement for a practicing company secretary's certification on the annual return is unlikely to apply to the small company on the basis of its associate investment alone, with reference to the management and administration rules and the statutory provision dealing with annual returns.