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.

Mr.A has a residential flat in mumbai.He wants to gift it "jointly" to his niece(brother's daughter) and niece's daughter(grandniece).What will be the tax liability to the niece and/or grand niece?cud u also help me with the stamp duty implication w.r.to concessional stamp duty to lineal descendant?

How will the following be assessed under wealth tax act ?
1. Equity shares in a private company(eg.Rs.800000).
2. Share Application money paid to an indian company (eg. Rs.200000).
3. Interest free Loan given to a private company (Rs.500000).
4.Motor vehicles (other than cars) used in the grocery business including motor cycles (eg. Rs.600000).

I want proforma MOA & AOA in word format for a construction company. If anybody can help, please send it to punit.babel@gmail.com

Parties :
A : Original Buyer ( From Maxico)
B : Manufacturer ( In Nepal)
C : Intermediate Buyer ( In India)

Facts :-
"B" has received order of 50K Garments from "C" with condition to dispatch the material to "A" at Maxico. Now "B" is asking for LC in USD as the shipment is being sent to Maxico. Can "C" open the LC in USD on "B"?

Sir,

I have a doubt regarding transfer of immovable property:

1)A transfer of immovable property takes place between companies of same grp
2)a consideration has been paid which is cost itself.
3)an agreement was executed which was not registered.
4)can one company show it as a sale and another as an addition??
Please answer query as soon as possible...

dear friends,
could any one help me
1.what amount of stamp duty one should pay on customer contracts if contracts is more than Rs.1Lac p.a
if contracts is less than Rs.1Lac p.a
which law is applicable in Q.1 state stamp act or Indian stamp act,
which provisions explains the value of stamp paper to purchase in Q.1
2. of which state we should purchase stamp paper as per law ie Registered office of Co.(for ex: mumbai) or place of service (for ex.: delhi)and under which provisions.
of which act

thanx,

Helloo
I wants to ask that a housing society has been newly formed and no audit was conducted in the F.Y 2007-08 but in 2008-2009 however audiy has been conducted and only sinking fund has been created,But as per Bylaws of Society out of the profits after interest ,25% should be transfereed to Reserve Fund .Is I am correct please suggest whether any other fund needs to be created.Its urgent

Explain with examples:
Section 49 of companies act 1956- investment by company : and also the exceptions thereof

DEAR MY QUERY IS
IF SALARY IS PROCESSED IN PAYROLL SEPERATE CHEQUES ARE ISSUED TO THE EMPLOYEE. THEY ARE NOT DEPOSITED THE CHQUES AFTER SIX MONTHS THEY ARE STALE HENCE REVERSAL ENTRY PASS AS SHOWN AS SALARY PAYABLE.
HOW MUCH TIME THIS AMOUNT SHOULD BE RETAINED. IS IT DEPOSITED IN ANY GOVERNMENT TREASURY. HOW MUCH TIME IS IT REQUIRED. IF EMPLOYEE DIDNT CLAIM THE SAME AMOUNT. DETAILS ON ALL THIS RESPECT REQUIRED

It is carry forward from last 4-5 Years and it is not traceble the employee is it reverse and cosider as revenue of the organisation or treated as liability and paid to any government authority