SNEHA.V
02 January 2013 at 13:01

Esop-right issue

why is right issue in new company bill 2012 being offered for ESOP?I would like to know the reason?


Prashant Gharat
02 January 2013 at 11:46

Partnership act

CAN A PARTNERSHIP FIRM BE A PARTNER IN ANOTHER PARTNERSHIP FIRM?



Anonymous

After Completing L.L.B .can I able to apply for H.R Department of any MNC Company.Mostly M.B.A Holder apply For the H.R jobs.L.L.b Holder are also liable For the same or not??


jaswanth
02 January 2013 at 00:06

Corporate law

Hi All,

Is there any Specific limit for acceptance of unsecured loans from directors in Cash in a private limited company.Please let me know the consequences as per Companies Act & IT Act

Thank You in Advance

Regards

Jaswanth


Kapil Tiwari
27 December 2012 at 02:07

Nomination in epf 1952 for unmarried males

I am a member of the Employees Provident Fund and have been voluntarily contributing 100% of my basic salary (Rs.6,500/- per month) for the last several years.

I am not married and do not intend to get married or raise a family. I have the following members in my family:
a)my 82-year old mother
b)one married brother
c)two married sisters
I have just come across 2 clauses in the EPF scheme :

1)"If a member has a family at the time of making a nomination, the nomination shall be in favour of one or more persons belonging to his family.
Any nomination made by such member in favour of a person not belonging to his family shall be invalid."

2)"a family” means—
(i) in the case of a male member, his wife, his children, whether married or unmarried, his dependant parents and his deceased son’s
widow and children."
I have nominated my 82-year old mother. However, she has her own sources of income like bank interest, rental income, etc. and files her own Income Tax Returns. But she lives with me in my house and I look after her well-being. Can she still be classified as a "dependant" parent? Other than my old mother, I have no "family" as defined in the Provident Fund Act, and hence no other choice.

My queries are:

a)whether, my nomination of my mother as my "dependant" parent is valid and correct,

b)that the entire amount(corpus) in my EPF account will be handed over to my mother without any undue complications in the eventuality of my death,

c)can I appoint my sister or brother or nephew as my nominee, if my mother pre-deceases me (dies before me), and as long as I am not married even thereafter and do not have a "family" as defined in point 2 above? When I cease to have a "family" as per the EPF rules, can I nominate any other close relative and the entire accumulations will then be paid to this nominee without complications in the eventuality of my death?

Dear Sirs, I shall be grateful to receive your advice and guidance.

Thanks and Best Regards/Kapil Tiwari



Anonymous
25 December 2012 at 12:54

Iec code for individual

hello sir

Can i get IEC code as an individual on my personal PAN card , or company s required for application


Surendra Singh Chouhan
25 December 2012 at 12:46

100% subsidiary out of india

Dear All,

Please tell me the requirement / guidelines for opening a 100% subsidiary out of India like RBI guidelines, FEMA guidelines, Taxation guidelines etc.


Nitish Agrawal
24 December 2012 at 18:41

Companies bill 2011

hi all ,can anyone tell me whether the amendments made in Law wil b applicable for nov 2013 exam of CA final or not....



Anonymous
24 December 2012 at 12:32

Rectification of 23b

is it possible to rectify 23b already filed with wrong agm date...???


Kapil Tiwari
24 December 2012 at 02:32

Nomination in epf 1952 for unmarried males

I am a member of the Employees Provident Fund and have been voluntarily contributing 100% of my basic salary (Rs.6,500/- per month) for the last several years and have been able to save a significant amount in my EPF account as part of my retirement planning.

I am not married and do not intend to get married or raise a family. Hence, I have nominated my younger sister to be the beneficiary of my EPF corpus in case of my death.

I have just come across 2 clauses in the EPF scheme which has me worried:

1)"If a member has a family at the time of making a nomination, the nomination shall be in favour of one or more persons belonging to his family.
Any nomination made by such member in favour of a person not belonging to his family shall be invalid."

2)"a family” means—
(i) in the case of a male member, his wife, his children, whether married or unmarried, his dependant parents and his deceased son’s
widow and children."

My queries are:

a)whether, after reading these two clauses, my sister's appointment as my nominee is legal and valid since I have no "family" as defined in point 2 given above,

b)that the entire amount(corpus) in my EPF account will be handed over to my sister without any undue complications in the eventuality of my death,

c)can I also appoint my brother or nephew or cousin as my nominee as long as I am not married and do not have a "family" as defined in point 2 above?

Thanks and Best Regards/Kapil Tiwari






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