Dear Experts,
I have the following queries w.r.t. Provident Fund. Please help me out.
1. When does the Provident Fund applies to a company?
2. What is the amount upto which the company has to mandatorily deduct Provident Fund to each employee?
3. The company should also make PF contribution to contract labourers?
4. What is the % of salary the company has to contribute to each employees?
5. what are the components of salary to be considered for contributing Provident Fund.
6. Please tell me what is the challan number for paying the PF amount.
7. Also tell me what is the monthly or yearly return to be filed by the organization for complying with the PF Act requirements.
Thanks & Regards,
Rajesh.

Dear Sir/Madam

I have following queries regarding foreign remittances, kindly help me :

1. Can a Foreign National of Indian Origin intending to incorporate a Private Limited company in India can remit the amount to the India for this purpose.

2. What will be the mode of such remittance.

3. Can it be given as a loan to the individual handling the issue in India.

4. How this loan can be repaid to the foreign national after the incorporation of the company.

5. Can this loan be converted into Equity, or the fresh cash has to be brought in as equity capital.

6. How profits from this company can be repatriated.

7. What are the guidelines / procedures under FEMA and requirements of RBI approvals etc.

Thanks in anticipation.

Hello,

Can anybody let me know the procedure to issue redemmable preference shares by a Public Ltd. co. in detail.

It will be great help to me.

can any one explain me the difference between a company & an LLP ?

Dear All:

I am Baala. I work for a chennai based IT company as a middle level manager. I am currently based out of Bangalore, but we don't have an office or establishment here and I work from home and still on the rolls of Chennnai only.

I joined this company on 28th Dec 2004. Between the period 28th Oct 2008 & 4th Apr 2009, I was posted in the Middle East (which was a transfer to ME payrolls) and hence I was given a full and final settlement here. It is the same establishment, I just moved to its middle east office.

When I reported back to India on 5th April 2009, my emoployee id got changed. I requested them to use my old PF account itself.

Now, I have tendered my resignation and shall be relieved most likely by 30th of Jan, 2011.

Am I eligible for Gratuity here...If so or otherwise please elaborate. Please let me know if there are any case in this like won before in India.

pf is applicable if salary is below 6500.
My question is if salary is above 6500 then pf should be 6500 *0.12 only. above that(amount greater than 6500*0.12)should be taken into voluntary contribution. Am i right? can anyone provide detail of break up of pf admin charges.

DEAR SIR
PLEASE PROVIDE ME FULL PROCEDURE OF FORMATION OF PARTNERSHIP FIRM.

WHAT IS LEGAL REQUIRMENT?.

IS IT REQUIRED TO REGISTERED ?

PLZ PROVIDE ME SUCH INFORMATION.


THANKING YOU.

Dear Experts,
I have the following queries w.r.t. Provident Fund. Please help me out.
1. When does the Provident Fund applies to a company?
2. What is the amount upto which the company has to mandatorily deduct Provident Fund to each employee?
3. The company should also make PF contribution to contract labourers?
4. What is the % of salary the company has to contribute to each employees?
5. what are the components of salary to be considered for contributing Provident Fund.
Thanks & Regards,
Rajesh.

PLEAE REPLY URGENTLY THANKS IN ADVANCE

Recently I came across a news that due date for payment of Provident fund is 15th of the month following the month of payment of salary. Extension period is upto 20th of the month following the month of payment of salary after which penalty shall be imposed.

Is it True?

If yes, can you give me the source [sec no/rule no.etc] if I want to substantiate to my Seniors.

Can a Private Ltd. Co. can give a loan to directors??if yes, upto what amount??can it be interest free loan??