We are a cooperative housing society and sinking fund is collected on a monthly based on the flat area. The society has decided to undertake repair works. The funds will be generated as below: -
Repair funds = Sinking fund +building Repair funds+ additional collection from members based on flat area.
Now a 2 BHK flat owner has more flat areas so their contribution to sinking fund is the more as compared to 1BHK & 1RK. The society is planning to utilize sinking + building repair fund as common funds, in such case it acts as a subsidy for 1 BHK and lower area flat owners as they have already contributed less to these fund as their flat area is smaller and 2 BHK owner losses the most. Note If the society is doing additional collection for repair fund based on the individual flat area, then why cannot sinking + building repair fund which is already collected based on flat area be divided based on the individual flat contribution so that it will be a win-win for all. opinion and view on this.

An unlisted public company has merged with other compnay due to which its capital has exceeded above 10 cr and it has auditor firm appointed since 10 years and now there tenure is going to end in 2022 . Can the rotation of auditor provisions apply from the current year 2021-22 or the roation of auditor is required after the expiry of his current tenure and can the same Auditor can be appointed after end of its tenure of 2022.

I want to do industrial training for the last one year of my articleship. But haven't completed my second group of intermediate. I have now planned to terminate my articleship after 2 years and complete my group 2 of intermediate. What are the documents and proofs required to obtain ICAI consent for termination of articleship. Can I obtain the consent of ICAI for termination before completing group 2 of articleship

The provisions of the Liberalised Remittance Scheme (LRS) mention that "Resident Individual needs to designate a single branch of an AD through which all the remittances under LRS will be undertaken. NOC is required if remittances are from different banks.".
Does that mean that one can transfer funds to other country for his/her children's education purpose/fees only through one particular bank and cannot do so through any other bank/service even if the other alternative is found to be better or more convenient at a later stage?
OR one can transfer funds from any of his/her various bank accounts as long has the individual is maintaining the LRS limit ?

Can a CA firm do joint venture with PGDCA holder ( PROFESSIONAL IN COMPUTER APPLICATION )

can PGDCA holder is a professional ???

our establishment is having more than 10 employees and out of ten employees , only five is having a salary below 21000/- rupees . i want to know the only criteria to register under esi act is to see only the no of employees ( means 10 or more ) or i have to full fill both the condition( means 10 employees should have below salary 21000 rupees) .

If multiple partners in firm has not contributed capital as per share holding, do they get share of profit when distribution of revenue NORMALLY or does capital first have to be returned to other partners who have contributed as per shareholding ? What is the order of payments (which one is to be paid first) in a partnership to partners in regards to Capital ? Advances ? Interest ? Renumeration ? Salary ? Profit ?

I applied for CA membership on July and got registered as a member. I got my membership number and it is active. But I didnt receive my membership card till now. What shall I do to get my membership card. Please suggest

Hi,

What is the percentage eligible for withdrawal from PF as advance, and what are the requirements for

My building society had made some billing error in my monthly maintenance bill and based on this some amount was wrongly credit to my maintenance bill; as a result my monthly charges got reduced for that month based on this error. I paid the bill as per this new amount mentioned or demanded. In the next month the society noticed the billing error and they corrected this by adding the wrong credit amount given to the current months bill this was accepted. But along with differential amount they charged me interest at 21% for wrong credit given to me by society. Please advice if this is acceptable and can they charge this interest