Dear Sir,

I have purchased 2,000 Equity Shares of Indian Private Limited Company from two Non Resident. Both are NRI but One is residing in UK and other one is in USA. UK guy is having NRO Account with HSBC in India and USA guy is having NRE Account with ICICI Bank in India. They said me to make the payment in Indian Rupee Cheque. My Queries are as follows :

1. Can i make the payment to both NRI in Indian Rupee Cheues?
2. Do I require to file FC-TRS even payment is made in Indian Rupeess.Who will sign this FC-TRS Form
3. Do I require to obtain the Fair Value certificate from CA under DCF Method ?
3. Do i need 15CA and 15 CB from Chartared Account for filing FC-TRS even payment is made in Indian Rupees.
4.How and where to file this Form FC-TRS ?

Please advise.

Q1) SHARE ON DISCOUNT , WHERE 10% IS ALLOWED IS THAT 10% ON FACE VALUE OR ISSUE PRICE (PREMIUM)

Q2) SAME WITH DIVIDEND , IS IT ON FACE VALUE OR ISSUE PRICE FOR EX A SHARE WITH THE FACE VALUE OF RS10 AND ISSUE PRICE OF RS 150

SUPPOSE THE SHARE IS FULLY PAID UP NOW THE DIVIDEND IS ON RS 10 OR RS 150
AND DISCOUNT ON RS 10 OR 150






0

Shall i prepare gift deed of payment made in past.?
And within which date i prepare such deed.?

Dear sir,

Please tell me that whether a full time practicing chartered accountant can become a director of a Public limited company.

Please reply at the earliest in details.

Thanks in advance

Please post an insight regarding Few copyright law related issues listed below:

1. How many changes are required in an image taken from internet or any source to avoid copyright infringement?

2. Can a teacher show a YouTube video related to the lesson in the classroom/computer room?

3. If any image taken from the internet has to be used as it is (e.g. historical images, circuit diagrams, machinery parts, etc.) or ‘in verbatim’, does it lead to copyright infringement? How to avoid copyright in such cases?

4. Can we take research reports from Govt. websites without taking permission?

5. How much duration of a video can be taken from websites without copyright violation?

6. Does ‘Fair Deal’ policy under sec 52 of the copyright act allows use of a video for educational purposes (for FIITJEE Global School)?

7. If we need a video/image/content which is copyrighted, how should we seek permission for its use and whom should we consult?

8. By changing the words/grammar of a textual content, can we avoid copyright issues?

9. Does acknowledgement of source(s) help escape copyright violation?

10. Do the uses of images/videos/text taken from government websites create copyright infringement?

Dear Experts,

Can any one share the depreciation rates for FY 2012-13
as per the
1) Companies act both for ( SLM)

2) Income tax Act( WDV)

my client case is running under FERA for levying penalty. my client did not file return because he said that if he files return and disclose property, then enforcement officer will inquire to income tax department regarding property details. so kindly tell me that under old FERA, said officer has power to ask and attachment of property? or is there any solution?

AGM is called on 30th September. But at the meeting quorum is not present. Last year AGM was concluded on 30th September. Can the meeting be adjourned? If yes till when?

One of my friend. who is a practising advocate.she makes her income under legal consultancy services say 2 lakhs per annum. Further since she has good knowledge of capital markets. She intends to trade in F&o (derivities segment). What will happen to P&L account if net profit from f&o trading is around 3 lakhs (the trading she may not do every day)
1. The purchase and sales of securities are shown in P&L and then N.P is calculated?
2 or only net profit is calculated manually and added as income from other source
3 is there any norms prohibiting as per advocates rules of practice not to trade in share
respected members may provide detail emphasis or any related rulings. Thanks to all

Whether it is necessary to prepare financial statements in revised schedule VI or it is ok if we prepare in horizontal form?
Pls reply...