Myself became a director of a private Ltd. Co. and it is trading concern. This co. is of my relatives and I am not involved in this company neither I invest anything nor I withdraw any amount. Later days can any liability put on me on behalf of company? Am I responsible to pay any liability of company?

Waiting for reply ...
Pradip Pandey

Dear Friends,

We would like to know whether any compliance have to comply under FEMA for the following facts:
1. A company registered in Canada wants to appoint a person in India for carrying out the Marketing activities.
2. The peson appointed in India will be on the rolls of the company registered in Canada.
3. Presently the Canadian company is executing the turnkey projects with the help of a company registered in India.

Please let us know if you require any other facts to provide the information to us.

Regards
Nagaraj MR

Sir/Madam,

Can you please give the procedure involved for converting a unlimited company to a limited company.

Though Section 32 of the Companies Act 1952 provides for Registration of unlimited company as limited I could find nothing on procedure involved.

Thanks,
Anupama Venkatesh.

MY QUES. IS THAT IF A CO. WANTS TO CHANGE ITS REGISTERED OFFICE FROM ONE STATE TO ANOTHER THEN WHAT ARE THE PROCEDURE TO BE FOLLOWED BY THE CO.ALSO IN THE CASE OF (1)CHANGE IN NAME.

hii frnzz
could u pl tell me wht 2 learn in chap 18th and 19th of law ethics and communicatn??????????
any imp questions expected 4m these 2 chap?????
pl guide mee..

hiii frnzz..
pl help me wht to learn in d last two chapters of communication..ie 18th & 19th cahp.....
is it risky 2 do only compaliation in law????

Whether the agreement execution date can be before the purchase date of Stamp paper.

For eg. Agreement Execution Date is 27th August 2007.
Stamp Paper purchase date is 31 st August 2007.

Is it valid?

Whether the agreement execution date can be before the purchase date of Stamp paper.

For eg. Agreement Execution Date is 27th August 2007.
Stamp Paper purchase date is 31 st August 2007.

Is it valid?

One of our client has sent the following questions, please send your advice:

1. We have taken the resposibility of running and maintenance of
Government hospitals under the public-private partnership concept. All
the required staffs are appointed by us and we receive Grant from
Government towards salary and administrative expenses. Do we need to
register under PF Act? If yes, do we need to pay the employers
contribution also along with employee contributions? Can we deduct
employer contribution from employees? We will not be reimbursed from
the Government towards employer contribution, if we pay and also we do
not have any other sources of funds for payment of employer
contribution. Other important point is that their services will be
discontinued once the Government hospitals are handed over back to
Government.

2. Apart from the above staff, there are other staffs who are working
in our NGO in difference projects, do they are also covered under the
PF Act once the registration is taken? All the salary payments are
made out of the budget given by the funding agencies. Once the funds
are utilized or the project in completed, they will not be in the
services of our NGO.

3. We are following cash basis of accounting and paying salary only
when the salary grant is received. The grant may be received monthly
or quarterly etc., Do we need to pay employee and employer
contribution (if applicable) monthly, if the grant is received
quarterly once?

Hi,
Request your expert opinion in the following matter:

- We have employees drawing salaries in the range of Rs 8000/- pm to
Rs 2 lacs PM CTC.

-The break up comprises components like
Basic,HRA,Conveyance,PF,Group Medical Insurance,LTA,Medical
Reimbursement and SPECIAL SALARY.

-On an average ,basic is around 25% of CTC and PF is calculated on
this amount.

-PF authorities are insisting that special salary too should have
been taken into account while calculating PF and want us to pay 24%
(12%+12%) on this component(ie special salary) for all the employees
who have worked with us for last 10 years.

Query- Is the stand of PF Department legally correct?

Thanks in advance for your responses.