In the provision of partnership Act 1932 it is stated that maximum no of partners who can be partner in partnership firm are 10 for banking business & 20 for non banking business.Does it mean that 10 partners can start banking firm in india? If the answer is no,then what is the meaning of such provision?

I AM WORKING IN A PARTNERSHIP FIRM ( REGISTERED UNDER PARTNERSHIP ACT) ENGAGED IN REAL ESTATE BUSINESS SINCE THREE YEARS.
IT HAS THREE BRANCHES ALL OVER THE STATE. IT HAS MORE THAN 20 EMPLOYESS. MORE OVER IT IS PLANNING TO OPEN MORE BRANCHES THROUGHOUT THE STATE.

MY QUESTION IS WHETHER EPF ACT APPLIES OR NOT ?

IF YES , HOW AND WHY UNDER EPF ACT ?

AND IF NOT, WHY ?

Dear Sir,
One employee is working with our organisation for 12 years. At the time of his leaving i have calculated his gratuity as 15days pay for every one year complition of service. Which comes to 11.5 Lakhs.
As per it act limit for exemption is 10 Lakh.
My question is whether employer is obligated to pay only till 10 Lakhs or as per gratuity act he has to pay 11.5 Lakhs out of which 10L will be non taxable for employee.

Thanks
Mohini

Whether an employer can restrict the EPF recovery on salary Rs.6,500/- only even though the employee’s salary [Basic] exceeds Rs.6,500/- during their service, like the restrictions followed in Pension Fund [EPS], the pension fund amount which is to be calculated on Rs.6,500/- only. Or the employer can ignore the salary ceiling limits to PF contributions and recover the PF on actual basic salary earned/given per month. Employees are willing to contribute to EPF and to Pension Fund on actual basic salary.

Whether an employer can recover and contribute on actual basic salary [more than Rs.6,500/-] for both provident fund and to pension fund if employees give their willingness in writing to employer.

Is there any legal/act binding on employer side/part that they can restrict their contribution to the basic amount of Rs.6,500/-[for both EPF&EPS]

Plz let me know what are the benifits availab to Sick Units?

Sir,
Any body can guide to me about the full process of registration of logo

IN WHICH EFORM REGISTRATION OF CHARGE TO BE SUBMITTED WITH ROC?

Is there any permission/declaration need to received/filed from FEMA/RBI in case of selling agriculture land in Punjab,India by NRI, so that funds can be remitted to abroad?

Sir,
pls give reffered book for COST ACCOUNTING OF
ICWAI-INTER,

can any body provide me a format of board resolution for acquiring a car loan