I am having a pvt ltd company and wish to convert it into a partnership company. Normally most people require vice-versa. But I do not expect to have much activity in this company and for whatever I am doing I think a partnership would be more than OK.

There are some outsatanding loans the investor directors have put in and if the pvt ltd is just closed then all these loans would have to be written off. Any way the accounts of the pvt ltd could be transferred to the partnership?

Rgds

Shashikant

Hi

can anyone tell me how the director's remuneration to be treated in the p&l a/c. since company reports under the head of mfg, selling and admin expenses in the AR.

can be considered/shown/taken under employee cost?

Regards
N Nagarajan

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Dear

One of my friend deposit a cheque for amounting Rs. 30,000 for credit card payment but the bank returns the cheques with remarks insufficient fund, but the account has around five times money (in Lakh), can bank be held responsible for this mistake and any legal action can be taken against Bank,

please clarify

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Regards,

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