Our company had given a business loan of 300000/- to one of the relative of director and already received an post dated cheque of interest amount.
My question is that can company is authorized to do this act as nothing is provided in articles and MOA.?

Can Employer contribute more than 12% amount(6500*12%=780)in PF.
example.
Employee.basic salry is.10000 and his PF contrubution is 10000*12=1200 and employer also contribute same amount.i'e 10000*12%=1200..
wheather this practice is correct if yes.than what will be effect as per income tax.all amount is allowed as per IT act.

i am pursuing ipcc-ca.just coplited my graduation. want to join for l.l.b.
is there any problem to do both course at same time?
is it make any trouble when my articleship will be start? and comflict the time of l.l.b and articleship?
please give your favoure
=>darshan acharya, mo;8905174942
=>arch.darshan@gmail.com

Hi everyone,
Could anyone tell me whether ONLY THIS MUCH book by ANS.Vijay is sufficient for CS professional programme. Or else kindly let me know your view on the book.

Expecting replies .

A workman for whom wages are calculated for a month on the basis of hours, if he works less than stipulated 208 hours(i.e. 8 hrs per day for 26 days) and resultantly gets gross salary less than Rs.15000, will the ESI Contribution will be deducted from his Monthly Salary for that month ?

SIR,
I WOULD LIKE TO SELL THE SHARES OF MY COMPANY TO A CITIZEN OF BAHAMAS & WANT TO MAKE HIM A DIRECTOR IN MY COMPANY. SO I WANT CLARIFICATION ON FOLLOWING POINTS:
1. HE WILL INVEST IN MY SHARES SO IT WILL BECOME F.D.I.. SO WHAT ARE THE REQUIREMENTS TO BE FULFILLED.?
2. WHAT ARE THE APPROVALS I WANT TO TAKE FROM F.I.P.B. OR R.B.I.?
3. WHAT ARE THE REQUIREMENTS TO BE FULFILLED FOR M.C.A. APPROVAL.?
DETAILED PROCEDURE

Hello Friends,
My queries are:
1.Can a seller of a immovable property transfer a valid title through a PoA on behalf of other co-sellers?
2.Is such PoA required to be registered?
3.What if all the sellers are immediate relatives?
4.What should be value of stamp duty?

Thanks !!
Best Regards
Manish

A PCA's wife is a director in a builder co.Foll are the queries

1) Can the PCA do BUSINESS..? If so what shld be his principle role or stake in such business like his investment, involment, loan. what if his relative/s have substantial interest in such business.

2) How would his retainer or remunertion be structed and any resolutions to be passed for his appointment, any disclosure requirements under cos act and other acts or CA regulations, etc

3) Whether he can be part of the BoD's of the co in which his wife is a director, what could be the issues to be looked upon under cos act, CA regulations or other.

4) Can a PCA be an executive or non executive director? if so, what are the disclosure requirements before ROC / IT / CA regulations..

Any other issues to be looked upon pl suggest.

Dear Expert,

Our co. (Unlisted Public Co) has a net profit of Rs.508000/- and we have paid remuneration of Rs.2700000/-
So can we follow rules of Schedule XIII i.e remuneration based on effective capital.
and if not pls let me know the procedure to be follow for the same
Our Effective Capital is Rs.3Crore
So max remuneration 100000/- p.m. per director without passing special resolution
And upto Rs.200000/- p.m. per Director by passing Special resolution.
Please correct if I am wrong

plz let me know a book of company law which is a student friendly book......and which covers the course of cs executive course...