one of my client is going through financial problem and one of his foreign friend ( citizen and resident of UAE) is ready to help him ?

amount is 40 lacs ?

my question is can he take 40 lacs in his account as loan from friend ?
if not then how can he take this amount ?

I had formed HUF with self, mother and wife in my name say NG (HUF) and am Karta of this HUF. This can be my father's HUF but I had not named it in fathers name as he had expired 7 years ago and I formed and registered the HUF 2 years after his passing away. His PAN was closed. I had a daughter around 10 months ago and now I want to register another HUF with self, wife and daughter as coparceners. Can I register this 2nd HUF also in my name as NG (HUF) with myself as Karta. Date of formation will be 2022. I am keeping names same as typically HUF name is Karta Name (HUF). Is this legitimate as per IT Act as law says an individual/HUF/entity cannot have 2 Pan cards. Will the 2 HUFs be considered different as coparceners are different & smaller HUF within family is permissible and DOB is different for both. But the names of both HUFs being same NG (HUF) and other details of Karta ie myself being same, am seeking clarity.

Read more at: https://www.caclubindia.com/experts/huf-income-tax--2899514.asp

Dear members,

I paid for a chit in Margadarsi.

As you are aware of the present situation at Margadarsi, it is involved in a 'multi-crore scam' and investigation is going on.

Have been getting continuous phone calls from them who are putting pressure for the payment of monthly instalment some of them talking very rudely and rashly too.

Would like to seek advise whether I must continue paying my installments or stop paying till the matters are sorted out.

Link to chronological articles in news about this matter for your easy and ready reference -
https://docs.google.com/document/d/1WYr7D_z9y5parGlqkql1nrz7VA8UImyYxlW9Hr-Cno8/edit?usp=sharing

Thanking you

Dear Sir/Mam,

Can anyone give example for significant influence by statute or agreement.
Does Board of Directors appointed through resolution means significant influence by agreement

Please resolve the same as soon as possible

I have a Company whose financials as well as annual return in form AOC-4 and MGT-7 is not filed for past 2 years. Now, what procedure needs to be followed as regards adoption of financial statements, AGM and Filing of ROC Forms.

Me and my brother had purchased one flat in Pune- Maharashtra by taking a housing loan in the joint name. The loan is completely repaid and now we want to sell the flat. Before selling, I would like to remove my name as an owner so that my brother can purchase a new residential flat in his name. There is no dispute and I would like to volutarily transfer it in his name.
How we can execute this so that we can pay minimal stamp duty or fees to Govt

What are the statutory compliances proprietorship firm needs to follow if hiring 7-8 employees?

an employee once opted for PF deduction , cannot opt out.
In which legal provision it is written he cannot opt out.

I general clauses act it is said that the date of enactment of act is the date mentioned in the act or the date of notification in the official gazette. if no such specific date then the date of assent of president of India.
I have a doubt that do all laws need to be notified in the official gazette. if so why is date of assent of president is also considered

To
The experts
I am a CS (passed in the year 2000) and engaged in a job.
Now I want to resign from the job with an ambition to join LLB(5/3 years) Regular course so that i can start a new profession as a Lawyer.
My query is :
1. Is their any age limit for pursuing LLB(5/3 years) Regular course?

Regards
abhijit


Read more at: https://www.caclubindia.com/experts/ask_query.asp