ABC Ltd. is a listed company having a paid-up share capital of Rs. 36 crore and general reserves of Rs. 24 crore. It desires to make a loan of Rs. 10 crore to XYZ Ltd. ABC Ltd. holds 60% of the equity shares in XYZ Ltd. ABC Ltd. has already made investment in and given loans to other companies aggregating to Rs. 30 crore. ABC Ltd. has not committed any default in respect of institutional loans or in repayment of fixed deposits. State whether the company is eligible to give loan of Rs. 10 crore to XYZ Ltd. Would your answer be different if XYZ Ltd. is ABC Ltd.'s wholly-owned subsidiary?

Dear sir,
I am Filling Form 18 of a company and their is a attachment namely A Proof that the Company is allowed to use the address as the registered office of the proposed company
So what can I provide if Registered office is owned by a proprietor who is also a director in the company

Thanks & Regards

My client is a pvt. Ltd. co, which has got more than 200 employees working in the company as basic labourers and has 15 administrative staff, which team looks after accounts, payment to these labourers, its PF Bonus matter etc., The Co. is reqd. to pay bonus under the bonus act, which the co. is paying @ 20% to the admin staff and @8.33% to other labourers as reqd. by the law, consistently for the last several years, The matter being this, recently the labour officer has objected to this practice of the company and stated that every labour or admin staff is to be reqd. to be paid the bonus at the same rate i.e. either to pay everybody at 8.33% or 20% and not vary this percentage.
So, now the co. wants to pay everybody @8.33% p.a. as bonus. Further, it also wants to pay some extra amounts to its admin employees as they are not willing to reduction in the amount paid to them. So My questions are
1) Can the company pay such extra amount as Exgratia
2) Whether such amounts paid as exgratia is allowed under the Bonus Act.
3) Or else there is any other way out.

If I issue a cheque to a party and on the same day or say next day ask the bank to stop the payment, than will this transaction get reflected in my bank statement ?

Dear Sir,

Please tell me If I am a Manufacturer and I am despatching the material of value more than Rs. 20,000 /- and it is not a full component of my product for which I cannot raise the invoice and I have to send it by Delivery challan. Is it mandatory to raise the E-sugam form for that Delivey challan

The FY-2012-13 New Audit Report Format Required.

Can some one please tell me where to register sole proprietorship in karnataka, bangalore. Is it to be registered under indian registration act 1908, or under shops and establishments act or with registrar of firms or with labour commissioner. I know that sole prop regn is not compulsory but still to avail the benefits I need registration. Please help me with this

please tell whether its okay to join in a firm which deals with only tax for (articles ),

Respected Sir,

A company is going to take the finance round about 8.5 CR Cash Credit and 2.5 CR Term Loan From Bank of Baroda.

As per discussion with Branch Manager of BOB, they decided to increase Authorised Share capital round abount 1.5 Cr. instead of Unsecured loan as quasi capital. At present Authorised capital of company is 0.82 Cr.which would be incresed 1.5 Cr. So, Total = 2.32 Cr.

My question is what should be Stamp duty for increase in authorised capital of company and it depends on incremental or Total Authorised share capital ?

Another question is instead of increasing authorised capital, whether we can go directly to increase unsecured loan keeping as quasi capital ?

Plz give me perfect answer as early as possible

Dear Members,

Running private school since 18 months in Andhra Pradesh

Still now we did not pay any tax.

What are the taxes to be paid by school

Did not hire any accountant/consultant
in this regard.

What are the mandatory taxes to run school successfully.


Please enlighten us

Thanks in Advance