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Ankur Garg's Expert Profile

Queries Replied :8163

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Hi.I am Ramesh Krishnan, Associate Memeber of ICWAI & Certified Management Accountant (CMA) by IMA(USA) Working in Bangalore Award Winner as " Most effective Expert in Caclubindia-2011" My working style always like,

What kinds of questions I can and can't answer?
Query related to Stock Exchange compliances like listing of equity shares, quarterly compliances. And query related to corporate law like MCA Filing, Directors and other query of law interpretation.

My area of expertise
Company Law

My experience in the area (years):
3 yrs

Organizations I belong to:
Reputed Media House

Publications or writing which has appeared :
College Magazine, CAClubindia.com

Educational credentials:
B.Com., M. Com. Company Secretary, CA-PE-II, LL.B.

Award & Honors:
1. Gold Medal for securing Ist rank in B.Com. 2. Gold Medal for securing Ist rank in LL.B.

  • CA tarannum khatri says : labour license
    I have the client labour contracor who want to get labour license. he has 40 labours. should he register in epf and esi act?? what should be do when he doesn't want to register.?? can we on paper show labour less than 20?? does license officers visit the site of client??

  • madhur gupta says : Key associate
    Dear Sir I have come across with query. One of my friend is practicing Chartered Accountant as partner in CA firm. His wife is practicing company secretary(CS) under sole prop.in her own name My friend wants to be associate(as key associate) with her also in her firm and also dont want to leave present CA firm in which he is working as CA partner So please suggest the way how he can be associated with her firm. What kinds of permissions are required from ICAI Thanks

  • Darpan Jain says : Company Incorporation
    A Company has filed Form 1A with proposed Authorised Capital of Rs. 10 Lakh. The ROC has approved the name application. Now the Company wants to Decrease Authorised Capital. How to form the company with same approved name keeping the authorised capital as 1 lacs.

  • Harvinder kumar says : Directors remuneration and otr proviosns u CA,1956
    Dear Ankur Ji, We have been reading your valuable advice and suggestions on the various issues posted on caclub, now are in urgent need of your advice, We hope you will reply. We need your valuable advice and suggestion on following matters:- Suppose, we have a company, which was converted into public ltd company from pvt. Ltd 8 months back. The company having 8 directors, which are being paid salary as per provisions applicable pvt. Ltd. Now, we want to make salary provisions in consistent with companies act or other provisions abdicable thereon. The directors are being paid beyond restriction provided under 198 , 309 etc. Even, we do not want to go for CG approval and pay the directors according to sch. Xiii. As per new notification issued in 2011, a unlisted public ltd company may pay remuneration to its directors beyond the limit prescribed in normal case and in case of inadequacy of profit as per procedure given under sch. Xiii. Keeping in mind the above conditions, we want to give status to 5 existing directors of whole time directors so that at least these directors may be paid 10% of net profit calculated as per s. 349 and 350. And remaining 3 directors can be paid in limit of 1%. The question arises here. 1. Whether to give these five directors status of WTD and decide remuneration as per in limit of 10% and 1% simultaneously or 2. both procedure may be followed separately for example:- first- giving the status of WTD and filing e-forms 32 for changing the status. Second- then decide the salary in the remuneration committee and file necessary form. Again, We are little bit confused because if remuneration is being paid beyond the limit of 11%, 10% and 1% provided in 198 and 309. It seems that company doesn’t have enough profit or want to give remuneration beyond the limits according to sch. Xiii. In this case, we want to give remuneration as per clause (C) of Sub.sec. 1 of Section II of Part I of Schedule XIII. Then what would be procedure in case of company converted into public ltd from pvt. Ltd. We may be missing out certain facts in the examples, which may be queried properly. Looking forward to your kind reply……………………

  • Vinay Vangala says : Change over letter
    Hi Ankur, Hope you are doing good, one of my friend organization is a partner ship firm, previously the offshore unit name of AA was XX company and now the name has been changed to YY, please guide me whether we should issue the relieving letter for the XX firm and issue new offer letters of YY or issuing the process change over letters to his employees Thanks in advance for your time and awaiting your reply Regards Vinay

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