i am a stock market trader by profession i want to know about holding company how to establish it... what is the concept of a holding company how to establish a holding company how a holding company can raised fund please guide me.

what is the formula for payment of gratuity in case of seasonal establishments. please give the proper formula and don't write just @7 days wages becoz it is not clear that whether to divide the whole by 26 or 13 or nothing.

Dear Sir,

I have posted a topic under LAW, Industrial and Labour Law Section, the topic being - Applicability of EPF and ESI Act.

If you could spare a few moments on helping me out with the article i'd be greatly helped. Or if you could tell me some proper place to look for them because i have been searching but to no proper contentment.

Thanking You,

Regards,
Yash Choudhary.

"Depreciation is the systematic allocation of the depreciable amount of an asset over its
useful life. The depreciable amount of an asset is the cost of an asset or other amount
substituted for cost, less its residual value. The useful life of an asset is the period over
which an asset is expected to be available for use by an entity, or the number of production
or similar units expected to be obtained from the asset by the entity."





on above defination is "systematic allocation of the depreciable amount of an asset over its useful life" means we can use slv and wdv method for depriciation.

and "cost of an asset or other amount substituted for cost" means if asset is revalued can we use that amount substitued for cost

I opened a RD account few years back. They calculated the interest amount on simple interest method basis. But usually in banks calculated at quaterly compound basis. I need to know what is the definition of R D account. as per Indian law can any one explain

What are the differences between partners and designated partners in LLP.

Dear all member,

I am writing here with high hopes!

The genesis of the entire situation is as follows:

Firstly: When a Joint Account was opened with a bank i.e A B C with anyone or survivor clause/mandate in the year 2005. The sole/ joint account holder (A) left for Uk and never returned to India. The operations of the said accounts were continued to be operated by (B) and the official of the bank.

Secondly: In the year 2007, the sole joint account holder expired in Uk and the rest of the account holders did not informed the banker of his demise and continued to operate the account same as ABC.

Thirdly: There were some investments made in the name of A in other banks (the deceased account holder) thereafter B and C closed the said investments in the year 2010 and received the amounts through crossed named cheques made in the favour of A. And subsequently depositing the said cheques in the Joint Account still ruining in the name of ABC and latter swindled away the amounts, so received.


My question is :-

Once the Sole/Joint Account holder has already expired in the year 2007, can the operation of the said Joint account continued by the other account holders in a case of anyone or survivor mandate?

As they kept the banker in shadow regarding the death of the sole account holder, does the other account holders attract any any penal charges and depositing cheques from other financial institutions that were made in the favour of A after his death?

Your precious advice is much desired.

Thank you so much.

Dear Sir,

Please Clarify: I am a company secretary of a public company having a paid up share capital of less than 5 crore rupees whose form 32 was filed under the provisions of Companies Act, 1956. will I be regarded as a KMP under section 203 read with Section 2 (51) of the companies act, 2013?

Owner/Lessor resides at Delhi and his/her property even at Delhi.

Tenant/Lessee from hyderabad took the Delhi premise for rent

Here, which Non-Judicial stamp paper will be used., Delhi or Hyderabad

Thank you

Sir,

A hotel converts foreign currency for foreign visitors to its hotel at the time they arrive and later get those foreign currency converted through Centrum.

Meanwhile, It generates income by paying less home currency and getting more of it through conversion.

Is this allowed?? Is Service tax payable??