a Company is employed more than 20 employees however not registered with Provident Fund Act. The understanding is since all the employees earning more than the limit of Rs.6500/- thus PF is not applicable. Thus no deduction from employee and employer contribution is required.

Is this is right. Is the Act permits?
If No? what are penalities company may face.

sir i was unable to attend my first paper of IPCC - accounting , because of being out of India.
& i m sure i m able to get exemption in law & taxation .
my query is that will my exemption be counted for the next examination.

reply is requested as soon as possible as it is about my carrier & time.

In PCC - During giving exam can I attempt question in any sequence.For example - out of 10 qoustion , doing 8th question , then 4th question, then 1st question or in any other sequence.

can any one explain the maximum no for ceiling of audits

as per sec 224 (1B) of companies (amendment) act 2000 say's
(b) Where some companies have paid-up capital of or more than 25 Lacs, a person can be appointed as auditor of only 20 companies out of which not more than 10 companies can have paid up capital of or exceeding Rs. 25 Lacs.
(c) In a firm of auditors, total number of 20 companies shall be for every partner of the firm who is not in full-time employment elsewhere.

As per the fourth proviso added to sub-section (1B) by the Companies (Amendment) Act, 2000, private companies have been excluded from the existing ceiling of 20 audits per partner and sub-ceiling of 10 audits for companies having a paid up capital of Rs. 25 Lacs or more. Thus, apart from 20 audits of public companies, an auditor may conduct audit of private companies without any ceiling.

thanks in advance.

Who can sign Form 104 for Industrial training? I need clarifications regarding:

1.) Can the "Principal" & The "representative of the Organisation as signatory of the agreement" be the same person?

2.) Whether the representative of the Organisation as the signatory of the organisation has to be the Authorised Signatory Person of the organisation or can he be any other designated employee of the organisation?

3.) Does the principal has to compulsorily hold the Certificate of Practice (COP)?

Kindly clarify the above at the earliest.

Thanks

Can an Urban Co-op Bank or any other bank disburse loan in cash?
Is it mandatory to disburse loan by cheque?

I am quite confused. Kindly guide me.




Regards,

gargi.

Is there any benefit if i apply 4 part time COP?

another query: can i b prop. in 1 firm and partner in other? can i atest in both firms?

I had recently been granted COP. I also menitoned 3 firm names for my prop. firm in the form no. 2. But had not yet filled form no. 117 & form no. 18.
Now i want to join a CA firm as paid assistant.
Can i do so? I dnt want to surrender COP.
Also while working as a paid assistant, can i attest any document/tax audit in my personal capability?

we are providing services of housekeeping(upkeep and maintenance of railway running) for which we use the cleaning materials. Is Works contract Tax Act applicable to housekeeping services. please clarify