reference : ca journal january 2009 article.
under heading "know your eathics"

in that , a same question is asked by some one. and the answer is in positive.

if i have passed ca as well as advocate examination, that i can practice as ca & advocate simultaneously, not at the same time, but say, one day as ca and other day as advocate and next after as ca again.

is this possible?
if no, then why?

I have drafted new object clause for our listed company to make it holding company with main business of an investment company.

"To carry on the business of an investment company and to invest in, and acquire and hold, sell, but or otherwise deal in shares, debentures, debenture-stocks, bonds, units, obligations, mortgages, and securities issued for guarantee by any company, corporation, firm or person whether incorporated or established in India or elsewhere or Indian or Foreign Government, States, Dominions Sovereigns, Municipalities or Public Authorities or bodies provided that the Company shall not carry on the business of banking as defined in the Banking Regulation Act, 1949 or of Insurance as defined in the Insurance Act, 1938, or any statutory modification thereof."

My quiry is that, whether it is possible to do our new business as investment business, without geting registration as NBFC under RBI guidelines?

I am requesting all, if you have any such kind of Main Object clause draft for the same, which can allow our company to do investment business without complaying NBFC norms, please provide me the same accordingly.

Regards applicability the act says the following:

" Every other establishment employing at least 20 persons on any day during an accounting year."

Would that mena that literally every small shop like stationary or grocery and all corporates come under this category provided they employ 20 or more employees?

Please quote relevant sections forming your opinion.

Thanks.

Hello friends I have query regarding following question:
What are the consequences for the company and/or Auditor the lending bank/financial institution if no action is taken on the question raised by the ROC regarding charges created/modified and they remain unanswered? Are the consequences different when the company goes into liquidation?
Thanks in advance.

What is the difference between imprisonment & prosecution as per law.

What is the difference between Adjourment & postponed or postponement as per law.

The offences under the act are criminal offences give rise to imprisonment for a term or fine or both. What do u mean by for a term.

WIth the examples.

It may be noted that the minor has to give the notice to the register that he has or has not become a partner, so as per which section it is applicable. What is the time limit to give notice to the register & if not then he will be considered as a partner or not or with the penalty provision will be attracted or any kind of prosecution if any? Please help as per which section, act it is possible.

Thank U .

Suppose an employee's gross salary is Rs 8000 in Dec 09 due to a revision of pay his salary will be revised to Rs 12000 per month from April 09. Now my question is whether ESI will have to be deducted for the balance contribution period for him? If " Yes" on which amount, on Rs 10000/ (maxm limit fixed for ESI) or Rs 12000/- can anybody help me out referring the appropriate provision of ESI.

a private limited company has a subsidiary company.the MD and other directors of holding and subsidiary companies are same. the subsidiary company is ready to cpmmence production at its new unit.
is there is any requirement to call EGM by board? is disclosure of directors interest is applicable? if yes please explain the procedure.

1)Adjourments Send to ITO OR Any higher Authority above the ITO or the adjourment send to the court to taken the adjourment can be sign by the employee , managing director, director or any unqualified person of the company , firm, properitor concern, Aop, Boi, co-operative society.

2)How many Adjournments can be made to the ITO or Any higher Authority OR to the any court?

Above Mentioned Queries As Per Which Section, Act, Rule, Order.

Thanking U All Experts In ADvance.

1)Any Dispute between the partners should settled by Arbitration Act, 1940 why? What is the benefit in it? & the partners of the partnership firm or vice –versa cannot file the case in other courts or they have to depend on Arbitration Act, 1940 only?

2) Meaning of unless the contrary appears from the context. (with the examples)

3)As per The Companies act, 1956 Extraordinary General Meeting

1) In Case of approval of any document or documents has to be done by the members of the meeting, the notice must also state that the document would be available for inspection at the registered office of the co during the specified date & time.

So in case of co don’t display the document or documents which was approved than what is the penalty provision or any prosecution. As per which section or in which section it has been mentioned the penalty cause.


Thanking U All Experts In Advance.