siddartha k s
This Query has 1 replies

This Query has 1 replies

12 December 2013 at 10:20

Forigen exchange

Hello !!

One of my client is dealing with software business and they frequently go outside India for business purposes..for this purpose they buy Foreign currency to meet expenses there (from company only) At the time of buying they will issue a letter stating that "this currency will be used only for business purposes"..

However My Questions are:

1) Can an any employee use the same currency for his personal purpose ??? If so is he liable to repay the same to the company in Foreign Currency or in INR ???

2) If Company Receives the same in INR means will it leads to sale of Currency (Indirectly) ??? and treatment of Service tax claimed on it as input ??

3) Purchasing currency on behalf of employees and receives money will it leads to violation of FEMA Act ??

Note :
1. No Profit on sale of Currency has been made..
2. Company Doesn't have Registration for sale of Currency.. Kindly help me out

Read more at: https://www.caclubindia.com/experts/experts_display_list_unresolved.asp?mode=open&offset=7#.UqlAKXC6R5I


Mahalakshmi
This Query has 2 replies

This Query has 2 replies

12 December 2013 at 08:56

Case laws

in exams is it ok if we quote the case laws alone or is it necessary to explain on it?



Anonymous
This Query has 1 replies

This Query has 1 replies

11 December 2013 at 12:29

Eou

A company wants to set up an EOU unit for only one of its products (unit) which is being exported. Is it allowed?

Kindly substantiate.

Thank u


CA Rakesh Jhunjhunwala
This Query has 1 replies

This Query has 1 replies

10 December 2013 at 20:30

Query regarding din

If a minor obtained DIN,PAN by providing false DOB and appointed as directors in many companies (apprx 20) four years ago. Now he want to change his DOB in DIN database by submitting DIN-4. As a minor is not entitled to make application for or receive DIN. What are the legal consequences for this against him, company in which he is director and the CA who certifies his DIN documents. Plz reply n suggest me.


Nikesh
This Query has 2 replies

This Query has 2 replies

10 December 2013 at 13:05

Form 23b

Is form 23B required to be filed in case of First Auditor of Company?



Anonymous
This Query has 1 replies

This Query has 1 replies

09 December 2013 at 13:50

Legal jurisdiction

My friend diconnected his Internet coonectionfrom TIKONA before renewal due date he lives in Ambarnath, Thane, maharashtra & Tikona has filed acs against him in Delhi High court is it legal? when tikona have head office in mumbai


vivek
This Query has 2 replies

This Query has 2 replies

09 December 2013 at 12:52

Job

can cs get easily job ?



Anonymous
This Query has 1 replies

This Query has 1 replies

09 December 2013 at 12:27

Compliance certificate

If the paid up share capital of the company is decrease from 6 cr. to 4 cr. than company has to follow the appointment of whole time company secretary?
or file Compliance certificate?


shradha
This Query has 2 replies

This Query has 2 replies

08 December 2013 at 11:41

Companies act 2013

is companies act 2013 applicable for may 2014 exam


CA. HEMANT
This Query has 2 replies

This Query has 2 replies

07 December 2013 at 19:03

Enforcability of agreement

Wheather a agreement is enforcable by law if date of frankinfg is after date of agreement and same is signed by parties afterwards. Say , Date Of Franking : 18.10.13 Date Of Agreement : 10.10.13. In my opinion , franking date should be before date of agreement. Because document can be said as an enforcable agreement only after franking






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