Can a Pvt Ltd Company become a co-applicant in the Housing Loan of the Director of that Company?

If yes what is the Maximum amount to be mentioned in the resolution passed by BOD in the board meeting? ( I mean is there any restriction related to paid up capital). In otherwords, if paid up capital of the pvt co is 4.5 crores then can resolution can be passed for 6 Crores of Loan.

Reply its urgent.

One of my clients is promoting a holiday resort in karnataka.The construction is going on inthe name of the company X.
All the expenses relating to the company
was transferred to the company Y as Y entered into with Joint venture with Z for the joint promotion of the project. The transfer of expenses incurred by X took place on 31.03.2009.The professional tax officer wants to cover the company Y in which he wants to assess the libility including the expenses of X since the project commenced.The Resort is still under construction and has not commenced the commercial operations.
Kindly advise:
1. Whether profession tax is applicable
inspite of the fact the company has not commenced its operations?
2.Even if applicable whether he can add up the expenses incurred till 31.03.2009 in the company X ?
3.What is the interest rate applicable and the penal provisions?
4.The fact is that both the registered offices of the company are at chennai where as the project is in Karnataka.
whether the company can opt to pay at chennai if tax is applicable?
5.Can I have the link to the Karnataka profession tax act and rules(latest) applicable?
Thanks for the guidance
Muralidharan
Chartered Accountant
09600933390/09686857540

A domestic private company engaged in distributing cosmetic product has a foreign ivestor who interested in investing in it. The foreign investor is a person of indian origin (his wife is indian.

Would like to know the formailities and procedures to be complied for him to be able to remit the funds.

In Noida, where can we Registered Educational Trust Deed.

hi sir, mam
pls tell me how to prepare for law case studies...
n how to learn various sections...????
my attempt is may 2011

I have a Partnership firm ith certain name and if i want this name not to be used by anyone else in India, how should i register such name?

1) Where do we get the solved question papers from?

2) Which is the reference books for general & commercial law, company law, Economic, Labour and Industrial Laws?

Please show me the way of learnig as i dont go for tuition as i can afford it.

Thank You.

What is the time limit for all foreign inward remittances..?
Is there any recent notification on it. Please mention the notification no and date.

To all the experts

i would like to know that how do we get the no deduction certificate in case of companies.


Tell me the procedure to obtain the certificate...

Thanks!

Neeraj Bhanwariwal
e-mail:bhanwariwal.neeraj@yahoo.in
bhanwariwal.neeraj@gmail.com

if an establishment had more than 20 employees in any a/c ing year.......and provision of payment of bonus act is applied on it but due to some problem .it has less than 10 employees.....is it liable to pay bonus in succeding year?........