Had a few queries:

1.If we hire a trainee for 6 months/one year and he is paid stipend/out of pocket expense is it ok? Does he have to be taken in company payroll and given the statutory benefits. How will his stipend be treated as per income tax law?
2. Can medical reimbursement which is tax exempt upto 15000/- be given monthly? If paid monthly will it be treated for tax purpose as medical allowance?
3. Can LTA be paid monthly? If it is tax exempt once in 2years than can we exempt the employees on production of bills in one year and tax his lta the consecutive year?

my query is
a society registered in society registration act running a business thereafter the society converted in to a private limited company.

whether the property of the society automatically vasted in to company or some convayance deed needed for the same

the real controvercy is the society property worth about 50 carore
and the company authorised, issued and subscribed share capital is 100000=00 share of rs. 10 each only
then in the abvoe circumstances whether the property vested in the company or not??

I WANT TO KNOW THAT AS PER LATEST AMMENDMENT A PERSON CAN HOLD DIRECTORSHIP IN HOW MANY COMPANY? PRIVAT & PUBLIC CO. SEPRATELY

What is the time limit for appointment of a new company secretary in a listed company where the previous company secretary resigned?

In the Sale Agreement of a flat in Mumbai,which my relative has purchased, it is clearly mentioned that all electricity charges are to be borne by the flat seller upto the date of transfer of property.

The electricity charges of the company (Reliance Energy, in this case) includes the following:
1)Bill amount of Rs.430 for the last month before the date of transfer
2)"Additional security deposit demanded along with March 2012 bill but still unpaid Rs.1040" which is mentioned on the last month's bill

Sirs, kindly clarify if the flat seller is liable to pay:
1)only the monthly bill amount of Rs.430,or,
2)the monthly bill amount of Rs.430 plus the unpaid security deposit of Rs.1040, that is, total Rs.1470

there is one foreign company which wants to create a 100% subsidiary company in India. What are the RBI/FEMA regulations to be the followed by the foreign company in order to above statement
company which is in the business of Manufacturing Plastic Chairs & Furniture ?

An employee completed 42 year of his service and also fulfill the criteria of 5 continuous year in 3 years out of 42 years worked only 4 month each of year. What is the completed year for gratuity calculation?

i want to know all the if and buts involved in a case where a person of saudi arabia wants to invest in a newly formed indian co.
what are the limits on investment? how can the procedure take place, etc

I had a partnership firm having 2 partners, due to death of a partner it converts into proprietorship, now i want to know which documents and forms to be submitted with ROF for dissolution of firm at mumbai.

Can a HUF be a partner in a partnership firm,if yes then can he get salary as other partners get.If HUF can't then reason for it?