Regards applicability of the said Act, it is mentioned that:

1. Every shop or estabalishment within the meaning of any law for the time being in force in relation to shops and establishments in a state, in which at least 10 persons are employed, or were employed, on any day of the preceding 12 months.

Would that mean that literally every shop say stationary or grocery shop even would be covered under this??

2. Formula for computation of gratuity in case of piece-rated employees??

Please quote relevant sections forming your opinion.

Thanks.

Is the employer bound to pay 10% as employer's contribution irrespective of the level of income of the employee? Or do we have a ceiling for such income say Rs.5000 or Rs.10000.

Please quote relevant section forming your opinion.

Thanks.

Hello friends I have query regarding following question:
What are the consequences for the company and/or Auditor the lending bank/financial institution if no action is taken on the question raised by the ROC regarding charges created/modified and they remain unanswered? Are the consequences different when the company goes into liquidation?
Thanks in advance.

Hello friends I have query regarding following question:
At the time of giving notice for candidature of Director u/s 257 whether allotted DIN for candidate is necessary? What will be the position where DIN application is rejected or that Din can not be obtained by the appointed person for want of certain documents?

notice of egm for the purpose of section 17 i.e.for change in object clause

A public limited co; has some directors as permanent directors.They have been appointed as permanent directors by general meeting, but the minutes does not show whether the resolution is an ordinary or special resolution. Form 23 is also not available on records.

The co; now wants to remove its permanent directors; so what is the way out. under which sections of companies act can their powers as permanent directors be stripped offr

Sir in many companies or incorporation Bonus is not applicable like in
1)LIC
2)IDBI
3)RBI Employees
& many what is the reason...........??????

In the case of company Under section 293(1)(e) or under section 293A : the contribution should not exceed 5% of average profit of last three years , but in the case of losses in all three years or in any of the preceeding three years , how to calculate the average net profit ?

ARE INSURANCE CONTRACTS INDEMNITY CONTRACTS?

what is the disclosure requirement for lease rent in Profit & loss account and under which account head it should be disclosed....