I m a CA FINAL student n my attempt is due on NOV 14. I want to start reading law.. Would buying a new edition of munish bhandari be good?? Or should i wait??

My Question is:-
ESI is to be Calculated on Gross Salary.
What Gross Salary Means ?
Is This Include Total CTC (Because CTC Include Employer Contribution of ESI), so we ned to make Back Calculation.

a. Is it necessity to provide a copy of Partnership Deed(registered/unregistered)to open a Current a/c in the name of partnership firm. Is it not sufficient if all the partners sign the opening form and denote in the opening form as to who will operate the a/c?

b. If bank opens an account in the name of partnership firm without the deed, what will happen on death, retirement, admission of a partner?

c. In absence of deed, can bank be sure on the exact number of partners in the firm.

d. Under partnership, act of one partner binds all others. Can two partners open bank a/c and issue cheques and bind 8 other partners in a firm having 10 partners.

e. Please answer point by point

1. I and my partner have signed a partnership deed on 09 Nov 2012, which has been duly notarized. The firm has not been registered yet. Due to certain unavoidable circumstances we have decided to dissolve the partnership. The firm does not possess any property or assets. During this period the firm has also not transacted any business and has no outstanding dues. It has not even opened a current bank account. However, Pan Card has been issued.

2. Can you please help me on the following aspects:-
(a)Procedure for dissolution by mutual consent in this case.
(b)Disposal of the Pan Card.
(c)A sample deed of dissolution that would be suitable in the stated context.

If a citizen of America i.e N.R want to purchase a property in India who is neither NRI not a person of Indian origin nor resident in India, so can acquire a property in India?
If Yes then what are the repatriation effects ?
What are the taxation effects on TRF OF Property?
Please suggest....

Sir,in our group we hv 10 pvt Ltd & 1 Ltd companies out of which 2 co.s ( 1 Pvt Ltd plus 1 LTD) having paid up capital is more then Rs.5 crores.So as per co.s act we have to appoint a whole time co. secretary.So our quiry is :-
1.Since all these co.s are under same management and in one group as such whether one whole time co. secretary will be enough for both these co.s

2. or we hv to appoint two seperate whole time co. secretary for ecah of these co.

pls. advice

Hi,

I have a query regarding appointment of Company Secretary in a Company, whereby section and rules do not specify that appointment should be in Board Meeting.

Suppose a CS resigns at Board Meeting, meanwhile company appoints a CS and in next Board Meeting it is possible for the Company just to take note the appointment.

If I m doing conversion of pvt. ltd. co. to LLP according to the provions of 47(Xiiib)of income tax act then where will the accumulated reserve of the co. will go as clause 47(xiiib) of I.T. act says that
"no amount is paid, either directly or indirectly, to any partner out of the balance of accumulated reserve standing in the accounts of the company on the date of conversion for the period of three years from the date of conversion"

Pls help me...!!!

Hi,
Can anyone please let me know is there any minimum capital requirement in case of Power/Energy Company. If So please tell the section or rules relating to it.

Thanks n Regards

can you tell me that it is compulsory for a company to made a provision for depreciation ??