Ajay S.Yadav
13 February 2016 at 13:41

Is it compulsory for foreign company having branch office / Liason office in india to file income tax return in the year in which business is closed. For instance, business of company is closed on 27/07/2014 and certificate of closure is obtained from ROC is on 27/07/2014 then is it compulsory for the company to file Nil Income Tax Return for A.Y. 2015-16. Please resolve this issue as soon as possible.



zehra
13 February 2016 at 13:14

Respected members,

If a private limited company having 4 director want to increase remuneration of all 4 directors , so all directors are interested, they are relative also.

whether they can pass resolution by board meeting? or to call EGM?????



Aswathy.
13 February 2016 at 13:11

Sir,
1.Authorised share capital increased from 1 lakh to 5 cr on 05/01/2016
2.Authorised share capital increased from 5crore to 10crore on 10/01/2016
of the company. Can we file MGT-14 in a single Form ? If yes pls tel me how to provide details regarding date of dispatch of notice and and date of passing of resolution .




Anonymous
13 February 2016 at 11:50

ONE OF MY CLINT HAVING PVT LTD COMPANY, AND HAS COMPANY REQUIRED TO 1 CRORE RS TO COMPLIT HAS PROJECT.

NOW HAS ONE OF THE US BASAD FRD(NOT RELATIVE) READY TO GIVE 1 CRORE RS TO COMPANY.

SO MY QUARRY IS..

1) HOW COMPANY CAN GET THIS AMOUNT ??
2)HAS FRD REQUIRED TO BECOME SHAREHOLDER BEFORE GIVING MONEY TO COMPANY??
3)WHAT IS PROCEDURE TO GET THIS MONEY IN COMPANY??

PLZZ REPLY...VERY URGENT




CMA Sachin Warat
13 February 2016 at 11:21

Dear Sir,

MCA has exempted private companies from compliance with provisions of section 185 of Companies Act, 2013. Subject to fulfilment of three conditions :

1) no body should be member of a private company

2) the "borrowings" of such private company should not exceed twice of its paid up capital or 50 Crore whichever is lower,

3) private company should not make any default in repayment of loans.

Whether in condition no. 2 above the word "borrowings" means total borrowing including term loans and working capital or only term loan ????

Kindly give clarification on this points.

Regards,
Sachin







Anonymous
12 February 2016 at 19:44

Bank has issued Bank Guarantee / Letter of Credit on lien of FDR.
Whether the charge to be created under section 77 of Companies Act,2013



taufir alam
12 February 2016 at 15:56

Dear friends whether decreasing any tax liability by filing 154 of IT act or otherwise as the case may be, as a result of restatemnet of finanacial statement due to fraud or non compliance of companies act, amounts to prejudice to that liability under section 199 of companies act 2013



Rakesh Jain
12 February 2016 at 14:56

Hi Expert,

Please define with examples that what is beneficial interest and registered owner... under companies act 2013



Akash
12 February 2016 at 14:48

I have file INC 1. 3 days almost gone and status showing "pending for action". any time limit for approval of INC 1 from central Registration centre?



Ankur
12 February 2016 at 14:32

if we file Form GNL-2 in F.Y. 2014-15 for auditor appointment(5yr.). and because of filling of Form GNL-2 in F.Y. 2014-15 we have not any liability to File form ADT-1 for 15-16. And for filling annual return in 14-15 we file SRN No. of Form GNL-2 in Form AOC-4 . But when we do filling for 15-16 then whether we do same treatment or not in form AOC-4







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