CAN A SHAREHOLDER SUE A PVT COMPANY FOR NON PAYMENT OF INTEREST ON UNSECURED LOAN?

Our client had taken loan for capital exp. from its ultimate holding co. from abroad however had not complied with the provisions of FEMA for ECB. The client applied for compounding to RBI & the same was permitted. However before order of compounding was passed, the ownership of the client transferred to another co. in abroad.

Now our questions are:

1. Whether this amount can be transferred to the succeeding owner? If yes, what are the provisions of RBI

2. If not then can we write it off as capital receipt & what are the provisions and procedure for the same?

Please advise.

Hello everyone,

I have a query related to PF deduction on existing members. Salary limit for PF deduction is Rs 6500/-. So when a company employs a new candidate with a salary of 7000/-, whether PF need to deducted on same taking salary as 6500/-? The new candidate is already registered with PF department and has been contributing towards PF during his last employment.

Thanks

I am pursuing company secretary course and have cleared inter level. I want to know should I do LLB and will that add any value to my career graph. If yes, Should I pursue LLB from regular or correspondence so provide me with the name of the universities/intitutes who provide LLB degree?

Thanks so much.

I am pursuing company secretary course and have cleared inter level. I want to know should I do LLB and will that add any value to my career graph. If yes, Should I pursue LLB from regular or correspondence so provide me with the name of the universities/intitutes who provide LLB degree?

Thanks so much.

my client wants to renewal of occ.

in this regard i have made cma data (projection for the current year) on 30-nov 2011.


bank hasask to furnish detail regarding term loan.

while gathering information,i found that bal ason 31-3-2012 of term loan entered in cma data is not matched with the actual amt that it will.

i have realised that the principal i had deducted from the bal outstanding as on 30-11-2011 instead of bal of opening term loan i.e.1-4-2011.

what i have to do?

plese guide me?

in letter which points i have to elaborate to bank manager?


i do not want that my client suffer from this mistake?

hello everyone,
CA X is a proprietr having his office in borivali(mumbai). he want to open his second office in Bhayander(thane dist).

the distance between borivali and bhayander (his two offices) is 15 kms.

can he open the second office without having another CA as partner or CA employee ?

urgenlty waiting for ur reply.

plz let me know what is the applicability of Provident fund act to new Company (Either public or Private)

whether it is applicable from the date of incorporation or certain exemption is available to new company...

SIR,

KINDLY TELL ME THE PROVISION OF APPLICABILITY OF STAMP ACT FOR FIXATION OF REVENUE STAMP IN THE FOLLOWING CONDITIONS :
1. IF A COMPANY RELEASE TO ITS EMPLOYEE A TEMPORARY ADVANCE FOR PURCHASE OF MISC, ITEMS. ON THE RECEIPT OF SUCH ADVANCE WHETHER THE EMPLOYEE HAS TO PAY/FIX REVENUE STAPM?
2. FURTHER, ABOVE SAID EMPLOYEE PURCASHE MISC. ITEMS AND MAKE PAYMENT FOR SUCH PURCHASES.VENDER ISSUE HIM INVOICE/BILL AND MARKED "RECEIVED OF RS....." OR ISSUE A RECEIPT FOR SUCH PAYMENT. ON THE RECEIPT OF SUCH RECEIPT WHETHER THE VENDOR HAS TO PAY/FIX REVENUE STAPM?
3.IF ANY PERSON WHO MAKE PURCHASE SUCH AS CLOTH, GROSSERY, VEGITABLE, FRUIT ETC. AND MAKE A PAYMENT TO VENDOR AN AMOUNT EXCEEDING RUPEES HUNDRED AGAINST WHICH VENDOR ISSUE A BILL/INVOICE AND ALSO EITHER MARK THE RECEIPT OF AMOUNT ON THE BILL OR ISSUE A RECEIPT. WHETHER, VENDOR SHOULD A FIX THE REVENUE STAMPS OF RUPEES TWO OR GENERAL PURCHASE LIKE ABOVE ARE EXEMPTED UNDER THIS ACT?

A company in which there are 2 directors one residing in India and another residing outside India, therefore in this case please suggest me whether holding Board meeting, AGM & EGM is possible through video conferencing ?