i am having a proprietorship firm and doing the construction business. i have around 14 employees out of around 12 employees have salary less then 10,000/- pm.

i have some questions regarding applicability of ESI act.

1. are the construction firms covered under this act ? out of total 14 staff around 9 are supervisors. although all the labour is provided by contractor so no labour included in these 14 staffs.

2. what if we increase the salary of some staffs now and pay more then 10,000/- , although we had already paid them two months salary in this year.

one of partnership firm having 2 partners.now i want to transfer this firm to other persons(other 2 person) by becoming them partner and retiring existing 2 partner.

My que are:

1)Is it possible to first retired existing 2 partner and admit new 2 partners or first admit new 2 partner and then retire old 2 partner?


2)Plz give me partnership deed format for above.

plz guide me.


URGENT

As per ESIC act, it is applicable to the entity only when entity have greater than or equal to 20 employees whose salary lower that the limit prescribed in act ( at present it is 150000)

Is this what esic act says , pl advice with act

1)A pvt. ltd. sell developed land/land to non-resident and received amt. in foreign currency.will this attract fema provision.

2)Is it above consider as foreign direct investment.?

3)What is procedure required to be follow under fema.will i inform to Rbi?

4)under FDI is it cover under autometic route or gov. permission required for that.

5)which forms required to be file.give me detail procedure required to be follow.

6)If A pvt. ltd (Real Estate co.) received share application from foreign company(regi.in U.K) what is procedure required to be follow for that.plz give me share application form format to me?





Urgent

My company had availed an ECB facility of USD 5 mn. Only 2.5 mn has been utilised for payment to overseas contractor for some machines imported. Can the remaining 2.5 mn be utilised for payment to Indian Vendors for the same project??? Is there any restriction as per RBI or FEMA that ECB cant be utilised for payment of Rupee Capital Expenditure?? Please Help!!!

How to convert private co. into public co. and public co. into private co. and what documents to be submitted to ROC

Expert processionals answer is sought to know that; (1)What is or are the pre-requirements for filing a case against a Chartered Accountant, taking up an assignment for audit of Accounts for 3 years audit in the last year 2009 from a person who do not have authority and making remarks on hearsay?

Sir

It is mentioned in Module that Sec 372A is not applicable in case of gurantee given by A ltd. in respect of loan made by any person to A's wholly own subsidiary.

So does it mean that Sec 372A is applicable to A Ltd in case of guarentee given by it to it's wholly own subsidiary that is B Ltd for laon granted by B to any person ?

If a Private Equity Firm acquires more than 51% of share holding of any company will the private equity firm be defined as Holding Company ?

As per Companies Act, it will be.

But because of PE being the investor - I want to know is there any thing specifically said.

ECB guidelines prescribe the permitted and prohibited end-uses of the funds raised through ECB. As per the guidelines the funds can be parked in monetary instruments abroad.

My question is whether the funds can be parked in short term FDs (10 to 70 days) in domestic (Indian) banks?

Regards
Rishi