suppose, Mr. X was running a proprietorship concern in the name of M/s X & co and hold a immovable property in the name of firm in title deed. Later on he became a partner of another partnership firm and give all fixed and current assets to partnership firm with an clasue that immovable property will be continue in the name of Mr. X and no title will be transfer in the name of firm. it is describe in partnership deed. The partnership firm have applied FI for loan but bank is not agree this condition that it is contradication to law and not lawfull. is bank contention is right or no.

Dear All,
i would like to know what is the maximum payment limit of bonus for a hotel industry and who is entitled to get bonus and in which head the payment above the maximum limit should be shown.

a)X commits an offence by causing injury to Y,punishable u/s323 of the IPC which is punishable for a term of 1 yr.or with a fine of RS.1000.Y makes a complaint to the metropolitan magistrate against X after 10 mths.of the commission of the offence. Can the said court take cognizance of that offence?
b)A and B contract to become partners,the contract isn't specifying the duration of the proposed partnership.Can this contract be specifically enforced?

Dear All,

Please help me in solving this:

Say, we are a public ltd company in India having three subsidiaries in Sharjah, UK and Bangladesh.

If we make Sharjah subsidiary the holding company of UK & Bangladesh, in this case what should be the modus operandi as well as each and every angles say cost/benefit analysis etc. in which we should look in this matter.

Can anyone guide me on this?

Ragdards,

Kamalesh Veram
CA Final student

I have issued one icici bank cheque to citi bank credit card. icici bank dishonoured the cheque as the amount written in the figure (Numeric) was corrected but the amount written in the word form was correct one. I forgot to sign beside the correction. Otherwise It was an a/c payee cheque and there was sufficient fund in my a/c.
Bank charged Rs.55/- stating cqrque return charge due to alteration of figure. Can any bank dishnour an a/c payee cheque with such a little mistake? What is the RBI norms relating to this problem ?

As per section 215(3) of Companies Act, 1956
The balance sheet and the profit and loss account shall be approved by the Board of directors before they are signed on behalf of the Board in accordance with the provisions of this section and before they are submitted to the auditors for their report thereon.

Again it is mentioned by clarification 2 of serial No. 244 page 254 dated 1992 issued by DCA )
There is no contraversion of this section (section 215) in case the audit of final account is completed before approval of the balance sheet by the board of director of company.


Aren’t these two contrary to each other. Explain this

Hello,

For registration of partnership firm, I have got the following documents ready viz:
- Deed of partnership (duly notarised)
- Copy of partnership deed (in Marath)
- Form A
- Blank stamp paper of Rs 50
- Photo identity & residential proof of both the partners

Do I need to get any other documents done? What should be my next step?

Help appreciated.

Thanks

hello i want to know from where i can do llb through correspondance.please give the list of institutes.i m also pursuing for ca final exams & i want to know whether which course is best whether llb or MBA

Whether a Branch of foreign Company can take a loan from its Head office to run the operation or for infrastructure.

if yes what rules and regulation will be applicable i.e pre approval from RBI/ FEMA or any other authority.

please suggest.

IS IT POSSIBLE FOR A NRI TO ENTER INTO PARTNERSHIP WITH A RESIDENT, IN INDIA. IS ANY SPECIAL PERMISSION FROM RBI REQUIRED FOR THAT IF SO WHAT R THEY
PLS...... ANS........