anybody can explain me the difference between amortization & provision & reserves ?

plz give me reply of this case


the owner of the house is a lady n she have to sale her house but she is not able to go to the place of house therefore he want to appoit power of attoney to her son to do all the needful for the sale of house
than what exactly the legal procedure to aapoint power of attorney

Prakash
prakashsuneja@gmail.com

Hi,

If an employee leaves job after March and due to some personal differences with employer, not able to get Form 16 regarding his TDS deposit details, how he can file his ITR or what he can do?

Can some one please let me know the procedure for transferring the funds out of country by an expatriat at the time of leaving the country .

In this case the person is a United Nations International employee (at present serving in India and he is moving out of India as he has shifted job and joined another UN agency.

He wants to close his INR account here in which he was receiving part of his salary and transfer all his funds to his account in Canada(He is a canadian national. Under the UN immunities & preventions act he is not required to pay any tax but what are the formalities to transfer the money to his canadian account?

Thank You

I have a query related to the Employees pension fund. The facts of the case are:

The employer is deduction 12% of the basic pay from the salary as the employees contribution towards the P.F.
Now he is also supposed to deposit the same amount in P.F. whereas he has been depositing only 3.67% in P.F.

The employees noticed this from the P.F. acount statement but they assumed that the employer must have been depositing the balance 8.33% in the Employees pension Fund.

But now they have discovered that no such contributions have been made by the employer in Employees Pension Fund.

Now my query is that whether employees have any rights & measures to exercise against the employer? If yes please provide me with a refernce or link where I can found all of them in Detail.

Also, is there any account statement of Employees pension fund that should be made available to the employees similar to the account statement of the P.F. & on what periodicity?

A CA working on full time basis in an Industry also provides some consultancy to his private clients. Now these clients want Invoice while making the payment. Can he issue an Invoice? If yes, by what name and will he need to get some registrations & permissions?

Can an Indian Company raise a bill on another Indian Company in a currency other than rupees? Please let me know with relevant provisions. Thank you.

Dear Experts,

We as a banker were required to create security on following terms:

"First charge by way of hypothecation on plant and machinary ranking pari passu with other term loan lenders.

We had executed Deed of Hypothecation with the borrower however at the time of executing the said deed, pari passu letter from the other term loan lenders were not obtained for ceding of charge in our bank favour. Pending the stated pari passu letter from the other term loan lenders we filled the form 8 with ROC for charge registration and attached deed of hypothecation in form 8 as executed by the borrower in our banks favour. We correctly mentioned the nature and extent of charge as described above however did not attach pari passu letter with the form 8 as the same was not avavilable with us at that time. Interestingly ROC did not raise any objection on the same and registered the charge. Later on after one year of charge registration other term loan lenders issued letter ceding first pari passu charge in our banks favour. Now the question is:
1. Whether the charge registered earlier without attaching pari passu letter while filling form 8 is a valid one and in case of default committed by borrower the same would be enforceable in the court of law.
or
2. we should again file form 8 (Perhaps modification of charge) attaching pari passu letter as received from the other banker. However this would require CLB approval for condonation of delay beyond 30 days.

Please clarify.

We have a consortium banking and recently we introduced SBI as a member in consortium. We are availing only fund based and non fund based facilities and at present there is no term loan.
While entering into interse agreement the advocate of SBI raised one issue that the list of all the assets be declared. The logic behind this is that in case company's account gets NPA and if any asset is not in the list then the directors can say that since the asset is not in the list, it is a personal asset and can not be auctioned. But the advocate of lead banker says there is no such requirement of asset list and only clause to be provided in the interse is "Present and future assets of the company"

So what is the correct legal status. for want of clarification our agreement is held up

NRI of Indian Origin, would like to buy Plantation property with permission from RBI/ Govt. of India. Whether possible and if possible what is the procedure?