A Charitable trust has got a building as donation from Mr. X. At the same time Mr. X's Son is having possession over the building. Till date he is having his possession. One of the object of the Trust is to provide home or to help in getting home to the members. X's Son is a member of the Trust.
The Trust has decided to Sell the property in AGM and it offers the same for Rs. 2,50,000/- to X's Son. He has accepted the proposal and paid Rs. 50,000/- as an advance to Trust.
How the Trust will take permission to sell from Charity Commissioner?

Whether a NRI Can transferred any amount of Dollars through official banking Channel to his NRO A/c ? or is there any Limit? 2Nd question is , Whether he is lend this money say Rs.45 Lacs to any person without previous permission of RBI? Can he lend money to his friend and earn interest in India?

1. What is the differance between a partner and the designated partner?(w.r.t. liability and income)
2. Is the consent of all the partners or designated partners required for admission of a new partner or retirement of a partner(designated or otherwise)?
3.Why should one go for an Limited liability partnership and not for a company.
4.Extent of liabality of partners in various situations

Please help me as soon as you can. I need all. Mail at anuj4126@rediffmail.com.

Regards

Anuj

1. What is the differance between a partner and the designated partner?(w.r.t. liability and income)
2. Is the consent of all the partners or designated partners required for admission of a new partner or retirement of a partner(designated or otherwise)?
3.Why should one go for an Limited liability partnership and not for a company.

Please help me as soon as you can. I need all. Mail at anuj4126@rediffmail.com.

Regards

Anuj

Anybody who can tell me whether PF should be Deducted at the time of resignation on leave eccashment or not...?

Dear All, One of My client received a letter from one Big Industry as below, Please help me regarding this.


Micro, Small and Medium Enterprises Development Act 2006

You have been supplying goods / provding services based on the Purchse Orders / Work Orders Placed by us.

Kindly let us know wehether you have filed with the prescribed authorities, a Memorandum of Micro or small or medium enterprise as requried under the Micro, Small and Medium Enterprises Development Act 2006. In case the same has been filed by you, kindly send us an acknowledged copy of the letter filed by you.

In case you have not filed the Memorandum, kinldy keep us infomred as and when the same is filed.

If we do not receive any communication from you in this regard on or 31-05-2008 it shll be assumed that you have not filed the prescribed memorandum under the said Act.

Thanking you,

Yours faithfully

Hi,

I have a query on Remittance to a company outside India.

X is an Indian Pvt Ltd Company.

Y is a company in Srilanka.

Qn. 1 Can X remits some amount to Y towards expenses for establishing X's office in Srilanka

Qn 2 If it is possible whether TDS is applicable ?
Qn 3 Is there any limit up to which TDS need not be deducted ?

Qn 4 Or whether the Directors of X in their INDIVDUAL CAPACITY can remit money to Y in srilanka for establishing an office there ?

Qn 5 Is there any limit for the above ?

Qn 6 Whether TDS will be applicable ?

Qn 7 What are the procedures for making such remittances.

Thanking you

Regards


Subramanain

Suppose a society registered under the Societies Registration Act 1860 is making members for a fee and thereafter accpeting daily deposits and monthly deposits and the collections are then invested in various profitable ventures in all fields and fro those ventures the committments on daily deposits and monthly deposits maturity are being met. The profits arrived from these operations are used to meet all administrative expenses and remaining profit is either distributed amongst members or retained for ploughing back.

In the above case is the society required to have any compliance with the Reserve Bank of India ?

hello every body..
i wanted to know the time limit to hold a first board meeting.

Dear Sir,

Few of my friends approached me for formation of Trust to Construct the Temple for Lord.shiva. I suggested them to draft the deed and file the same with Registrar.They did so.Is it enough for establish a legally formed Public trust ?
They are collecting Donation form different part of the country and abroad also for source.In such a case , What is the formaiity for getting registarion u/s 12AA and 80 G exemption for doner.