Hi,
I have a company who engages in trading with turnover of about 5 crore. Now the company wants to give loan of around 2crore to another company from revenue on sales. This would mean that the company would not be able to pay to creditors for goods for about 1-2 years.
So I want to ask if these creditor for goods would be considered as deposit under companies act 2013 which are not allowed.
Also I want to ask that can the company pay interest to these creditors?

Are there any restrictions regarding these in companies act or Income tax act excepting the special resolution from shareholders?

M, who finds a cheque payable to bearer, on road and retains it. can M be called as "holder" under Negotiable Instrument Act give reason also

Suppose....
Is possible. ...
In partnership firm to become partner without contribute capital in any kind...but get equal profit sharing ratio

whether a company is a citizen of india?

Dear Sir,

I Have a query, there are 5 partners in a firm, of which 3 partners have HUF account in the firm these partners avail commission on sale through the HUF from the firm wherein they are partners, another partner takes the commission in his wifes name. Is is situation lawfully proper? or is it that the partners are making business with themselves? please reply

how to conduct a board meeting when maximum directors are not present in india

by sanjeetkhanuja on 21 February 2011Hi, I stay in a co-operative housing society.There was some water leakage problem from the flat that was above our flat. It created problem in our bathroom's roof and at bedroom's walls. My bathroom's was stinking and its roof's paint and pop was getting out. Same was for the bedroom walls. After continous requests, the owner of above flat did repairs. He spend 2500on that.After that we did repair in our bathroom at its roof. Also repaired walls in bedroom including painting at affected walls and roofs where leakage effect was present. We did some treatment and applied anti-leakage solution at roof and walls. We had spend 3500Rs on that. The owner of above flat wants us to contribute for 50 of his expenditure. My say is that because of his bathroom leakage problem, we also had to spend 3500Rs at our house for repairs, which was only due to his bathroom leakage problem.We are not expecting any money from him, but we dont want to pay 50 of his house expense cost.Please advice.

There are two ways of appointing Director.Either appoint him as a
1). Director in Extra Ordinary General Meeting or
2). Additional Director in Board Meeting then regularise in General Meeting.

BUT WHAT TO DO IF DIRECTOR IS APPOINTED AS MD OR INDEPENDENT DIRECTOR IN BOARD MEETING ? CAN THESE DIRECTORS ALSO NEED TO BE REGULARIZED OR WHAT TO DO NOW ?

PLEASE HELP

Dear professional and students,


Can a company incorporated outside India become a partner in a partnership firm in India?

hii all, I would like to know , how we can improve ours wrting skills in ca final exams, as earlier in ipcc i got exemption bt now it seems my writting skills get poor in exams, may be due to which m not scoring well plz anyone can give suggestion for how to improve writing skills for ca final first group subjects.