when the personal loan introduced in the firm, how the rate of interest is calculated?
taking the denometer as the 12 months or 365 days?
How the rate of interest is calculated?
suppose follwing is the situation----
date mentioned on cheque/;--18-sept 2012
date submitted to borrower ---21 sept 2012
cheque is deposited in bank--23 sept 2012
cheque is cleared in bank 25 sept 2012

on which date interest to be required to cal ?
what is the correct way to calculate the int rate working from the legal point?

Dear Sir(s),

On urgent basis ;

A pvt. ltd. company show Balance sheet in the year 2010-2011 i.e. in Liabilities side paid-up cap. Rs. 1 lac and Assets side cash in hand Rs, 52,000 and Mis. exp. Rs. 48,000.

Co. incorporated : 06/08/2009. Co. has not carried any business (Since incorporation)till now.But Co. has filed his all compliances relating ROC (i.e. 23AC, 23ACA, 20B).

We want to close the Company approx. time period : october,2012 .

Sir, my Question is :

1. Can i go through from FTE mode for Strike off the Co. U/S 560 ?

2. As per above situation this Comapny declare a Defunct Company ?

3. Is it necessary for Current year B/S 2011-12 will be Nil Liabilities and Nil Assets ?

4. How can do the Assets and Libilitis - Nil ?

Pls Solve it sir(s),

Regards,

Vicky Srivastav

Dear Experts,
In which way can a Govt company sue its concern officer for not recording financial transactions in its books? Which sections will attract on both company and officers like sec 44AA of ITax Act and 209 of comp Act.

if a company's sunday is working day....then whether company can hold AGM on sunday????

My company wants to enter into an agreement with its group companies in japan for licensing of technical and IPR.

Pls advise, if any approvals are required in India, prior or post such agreement.

Also,pls advise from the taxation point of view as well.

Our company will be paying royalty or technical fees.

Pls advise asap.

Thanks.

Greetings of the Day.,

Dear Sir/Madam...
I have worked in a reputed construction company as a accounts executive at HO for 4.11 years can i eligible for got gratutity from employer.

pls suggest me

Thanks & Regards
Jayakrishna

Can two partnership firms amalgamate and form a new partnership firm or can one partnership firm takeover the business of other partnership firm. Both the firms are Registered partnership firms with two common partners. One additional partner in one firm. What are the procedural matters? what are the tax implications?

During defendant's evidences, respondent opted for verification of cheque for correction in date from a government agency and it was allowed by the court. The cheque was examined by scientific forensic laboratory, Ministry of Home Affairs, Calcutta. It issued a clean report stating that there is no correction in dates. After that, respondent applied for verification of cheque from a particular private handwriting expert Mr X. Is it legally allowable

Can a Private Company Accepts Deposits from Joint Holders and their Relatives of a Share ?

Can a Private Company Accepts Deposits from a person and his relatives who became a member by the virture of his employment ?

Can a Private Company issue ESOP to its employees ?

If a person is all ready a member of a private company and then he is employed in the company then can he be counted as a member ?

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Company law department has clarified the position regarding two companies entering into the partnership in circular no.1/81-CL-V dated 14th September 1981. my query is whether any further circular/clarification has been issued by the deparment . And please let me know whether two body corparates can enter into partnership or not.