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CS Jignesh Mistry
This Query has 2 replies

This Query has 2 replies

12 October 2011 at 13:31

Fema queries

hi,
our company want to receive foreign funds from its parent company for working capital requirements and for 6 to 12months only. can any one guide me how can we raise this funds.

we have knowledge of:
1. under FDI policy the funds can be raised by issuing equity shares/ preference/debentures. (company dont want to issue any of these)

2. it does not fall under ECB guidelines, since funds can not be raised for working capital requirements.

3. it does not fall under trade credits since it is not trade transaction for imports.

apart from above 3options can any expert have other options.

pls reply as it is urgent
thanks


CA PARTH SHAH
This Query has 1 replies

This Query has 1 replies

Hello
I have a query in the interpretatation of defination of 'Person Resident in India u/s. 2(v) of FEMA Act 1999.
According to the defination the status of the person is decided as per its stay in india during precceding year. But defination also states that if person who goes out of India for particular 3 puposes are not called residents . Similarly if some peson comes to india for purposes other than specified in defination are also not called resident.
Now my doubt is whether the person the exclusions given in the defination are also to be checked for previous year or these exclusion are to be checked for current year.


CS Sumit Jain
This Query has 3 replies

This Query has 3 replies

11 October 2011 at 14:35

Terms

Dear All,

Please explain the followings terms and what is the major difference in these.

1.RULES
2.REGULATIONS
3.NOTIFICATION
4.CIRCULAR
5.AMENDMENT

6.PROVISION
7.PROVISO

And which of these is the part of BARE ACT



Anonymous
This Query has 2 replies

This Query has 2 replies

11 October 2011 at 10:23

Change of proprietorship

can a proprietorship in father's name be transfered (registered) to one of the son's name on health grounds?



Anonymous
This Query has 4 replies

This Query has 4 replies

10 October 2011 at 14:42

Removal of director

sir , whether a director or managing director be removed by his office by BOARD OF DIRECTORS?



Anonymous
This Query has 3 replies

This Query has 3 replies

09 October 2011 at 21:19

Amendment in partnership deed

introduction of new partner and reduction in share of existing partner. what should be done. can we make fresh deed or supplement deed. please provide draft copy



Anonymous
This Query has 1 replies

This Query has 1 replies

08 October 2011 at 18:13

Sec.314 of companies act 1956

I want to know about the limit of 10000 is given in Sec314 for office or place of profit for specified parsons... IS THERE ANY AMMENDMENT IN IT FOR MAY 2012



Anonymous
This Query has 1 replies

This Query has 1 replies

A govt servant has been deployed at station "A" and provided family accommodation at station "B" of the same city. While coming for duty from station "B" to "A" the Govt. Servant has met with an accident and seriously injured. Whether, such accident will be counted on duty or otherwise. Kindly clarify with rule position.



Anonymous
This Query has 3 replies

This Query has 3 replies

07 October 2011 at 17:57

Law query

I am an ipcc group 1 student.pls let me know if i need to learn all the sections,sub-sections n clauses given in the module of law for exams???? n pls also suggest a good book for law.......since d book provided by ICAI has a very intricate language.


CA Rajesh Upadhyay
This Query has 3 replies

This Query has 3 replies

30 September 2011 at 20:48

Director of pvt. co.

Hello Sir,

One Pvt. Co. having 3 directors, each of them holding 33.33% share in the Co. One of the director is not working properly, only taking salary(profit) and creating problem for remaining 2 directors, so

1) can other two directors remove him from the co? Kindly tell me the procedure...

2) can other 2 directors reduce his salary?
Please help me for both the cases






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