Wednesday, November 7, 2012

Circumstances when ROC may scrutinise Balance Sheets


General Circular No. 37/2012, Dated : November 06, 2012
Subject : Examination of Balance Sheets by RoCs
It is considered expedient to issue the following circular for general information.
2. Every company registered under the provisions of the Companies Act, 1956 is required to file its balance sheetannually with the office of the Registrar of Companies within whose jurisdiction the registered office of the company is located. Presently, there are more than 8 lakh companies registered with various offices of the RoCs located all over the country. Balance sheets of all the companies who carry out the
filing are available for public inspection on the portal of this Ministry (http://www.mca.gov.in). The underlying idea behind the filing of balance sheets and other documents which require similar filings is to publicly disclose information which reflects various aspects of the working of a company so that the company’s public accountability is maintained. It is neither intended nor feasible for theRegistrars to scrutinize or verify the contents of filing except on a random basis. Companies and its Directors and officials are liable to be penalized for any incorrect, false or misleading information that such filing disclose. In the following cases, however, the Registrars routinely scrutinize balance sheets:
(i) of companies against whom there are complaints;
(ii) of companies which have raised money from the public through public issue of shares/ debentures etc.;
(iii) in cases where the auditors have qualified their reports.
(iv) Default in payment of matured deposits and debentures.
(v) References received from other regulatory authorities pointing out violations / irregularities calling for action under the Companies Act, 1956.
3. After the scrutiny suitable steps are initiated wherever necessary to obtain explanation and clarification and to institute inspections, investigations and prosecutions wherever warranted.
(L R MEENA)
Joint Director


BRAM STOKER

http://en.wikipedia.org/wiki/Bram_Stoker

Abraham "Bram" Stoker (8 November 1847 – 20 April 1912) was an Irish novelist and short story writer, best known today for his 1897 Gothic novel Dracula. During his lifetime, he was better known as personal assistant of actor Sir Henry Irving and business manager of the Lyceum Theatre in London, which Irving owned

Bram Stoker

Photograph of Stoker ca. 1906
BornAbraham Stoker
8 November 1847
ClontarfDublinIreland
Died20 April 1912 (aged 64)
LondonEngland
OccupationNovelist
NationalityIrish
CitizenshipBritish
PeriodVictorian eraEdwardian Era
GenresGothicRomantic Fiction
Literary movementVictorian
Notable work(s)Dracula
Spouse(s)Florence Balcombe
ChildrenIrving Noel Thornley Stoker
Relative(s)father: Abraham Stoker
mother: Charlotte Mathilda Blake Thornley



Signature

www.bramstoker.org