AS per company law mgt 7 form for small company signed by director or company secretary but i have an issue with signing mgt 7 even if it is small company and fulfil all the condition of small company definition(amended) form requires company secretary sign

what should i do

my client has proprietorship & one partnership firm in which he is active partner. he has taken government contracts. the turnover of the individual firm or proprietorship is not upto the condition in which contract is given. if both the firm merged then condition of the turnover is fulfiled. in such situation kindly give me advise

I had applied for Gst registration as composition but department is approved and given registration number as normal tax payer. What to do now ?? I had put in grievances section. Is there any one faced this kind of problem. Kindly help me out.

Treatment of corporate donations

As per the FCRA act, if a company falls under any of the below 3 category, they should be treated as foreign source

1) A foreign company as defined u/s 2(1) (g) of FCRA, 2010.
Definition of “Foreign Company” under section 2 (1) (g) of FCRA Act 2010 w.e.f 1st May 2011 :
“Foreign company” means any company or association or body of individuals incorporated outside India and includes (i) foreign company within the meaning of section 591of the Companies Act, 1956 (ii) a company which is a subsidiary of foreign company (iii) the registered office or principal place of business of a foreign company referred to in sub-clause (i) or company referred to in sub-clause(ii) (iv) a multi-national corporation
Explanation – for the purpose of this sub-clause, a corporation incorporated in a foreign country or territory shall be deemed to be a multi-national corporation if such corporation –(a) has a subsidiary or a branch or a place of business in two or more countries or territories or (b) carries on business or otherwise operates in two or more countries or territories
OR
2) A foreign subsidiary as u/s 2 (87) of the Companies Act, 2013
Definition of subsidiary as defined under section 2(87) of the Companies Act.
(87) “subsidiary company” or “subsidiary”, in relation to any other company (that is to say the holding company), means a company in which the holding company— (i) controls the composition of the Board of Directors; or (ii) exercises or controls more than one-half of the total share capital either at its own or together with one or more of its subsidiary companies:
Provided that such class or classes of holding companies as may be prescribed shall not have layers of subsidiaries beyond such numbers as may be prescribed.
Explanation.—For the purposes of this clause,—
(a) a company shall be deemed to be a subsidiary company of the holding company even if the control referred to in sub-clause (i) or sub-clause (ii) is of another subsidiary company of the holding company; (b) the composition of a company’s Board of Directors shall be deemed to
be controlled by another company if that other company by exercise of some power exercisable by it at its discretion can appoint or remove all or a majority of the directors; (c) the expression “company” includes any body corporate; (d) “layer” in relation to a holding company means its subsidiary or subsidiaries;
OR
3) A Multi-National Corporation as defined u/s 2(1) (g) (iv) FCRA 2010
Explanation – for the purpose of this sub-clause, a corporation incorporated in a foreign country or territory shall be deemed to be a multi-national corporation if such corporation –(a) has a subsidiary or a branch or a place of business in two or more countries or territories or (b) carries on business or otherwise operates in two or more countries or territories

On the other hand,
As per amendment to Section 2 (1) (j) (vi) in the Finance Act 2016 (and subsequently Finance Act 2018) if a NGO received a donation or a grant from a company which was an Indian company registered under the Indian Companies Act, but, with more than fifty per cent share-holding by foreign investors, such a company was no more considered as “foreign source”.

Hence, the question is, whether the following companies i.e. Apple India Private Ltd, Franklin Templeton Asset Management India P.Ltd, Altico Capital India Pvt.Ltd and DSP Merrill Lynch Ltd fall under the category of Foreign Subsidiary? Or under the amended section2 (1) (j) (vi)

Dear Sir/Madam,

With reference to the captioned subject in our case it is a listed Company declared dividend in year 1998-99 and 1999-2000 for which the unclaimed /unpaid Dividend amount gets credited into IEPF Account in year 2006 and 2007 respectively.

Our query is that whether we are require to comply with Sec 124(5) of the Act, 2013 and get the shares credited into IEPF Authority Account .or it is only required for those company whose proposed date to credit the unclaimed /unpaid Dividend amount into IEPF Account is falling after the rules gets enabled.


Kindly suggest

My client Purchase Good from out in India and paid tax @18 .inadvertently we have paid IGST in GST portal in respect of import Good from out of India However the custom authority again directed us to pay the IGST throught CGATE system therefore we again paid IGST in ICEGATE We had paid two time of tax first in GST Portal and than ICEGATE we applied for in GST refund the officer had reject the application How to apply for reissue of GST Refund

Sir ,
Is condition of Industrial Training to make the principal aware of the fact that one is thinking of going for industrial training before 3 months of joining is a mandatory condition ?
As I have no plans for I Industrial training earlier but , few days before I got a chance to work in one good firm , they asked me to join on January , I am completing my second year training on January , I don't want to miss such a good opportunity , I brought this to the knowledge of my principal in December , He asked me to give a notice of at least 3 months . Is there any solution ??

Please share dir 2 format as per rule 17 of companies rules 2014

Mail id- aravindreddy.dhhara@gmail.com

Sir, I want to take transfer within 50 km in 2nd year of articleship. Is there any requirement to mention reason in NOC given by CA. Even(by myself) attaching an application showing reason for transfer. Only NOC enough for taking transfer as I am not getting any work. My principal is not going to write as," not giving him work" in NOC.
PLEASE REPLY ASAP

Hi all
I have given my inter indirect tax paper in dec in that i have attempted 5 questions instead of 4 questions as asked in question paper . Now i realized that my previous 1 qst ans is completely wrong so are the going to consider my last question and give it marks or will they take it as extra please let me know..