If a partnership agreement stipulates that no interest can be paid to the partners on their capital if there is a Loss in the Firm,can the agreement be modified? In other words,can interest be paid if the Partnership Firm shows a loss in its Books?Are there any restrictions imposed by the Income Tax Act in this regard besides rate not to exceed 12% /

Please clarify the differences between Public Limited Company and the Private Limited Company.

Sir,

A Public Trust under Bombay Public Trust is registered at Thane Maharashtra with the main Aim and objective to start a Polytechnic and/or ITI institute from the next Academic year and to be established in Varanasi, Uttar Pradesh.

Experts advise is solicited to have through knowledge with regard to (1) What are the legal formalities are to be completed. Many thanks in advance.

Which are the reserves that can be used by the company to issue Bonus Shares to the Shareholders?


Thank You,
Regards,
Devendra. K

XYZ Ltd. is incorporated on 01.11.2010. As per section 224(5), the Board of Directors will have to appoint the auditors within one month from the date of incorporation. So can someone tell me the procedure to appoint the auditors?

Thank You
Regards,
Devendra. K

If the company changes its register office form one state to another state( maharastra to AP),( all procedure has been completed (i.e resolution,CLB order,etc))

now the company should surrender the certificate of incorporation issued by maharastra ROC, to andhrapradesh ROC for fresh certificate of incorporation ?

Dear Sir,
I would like to know is there any provision or proposal to define salary structure of employees without D.A. Our management define staff salary structure with Basic, HRA, Special Allowance, Supplementary Allowance. As per my knowledge it is absolutely wrong. You are requested to kindly let me know Is there any provision in Labour Law / Company Law / Income Tax Act is provided any amendments or exceptions for salary structure without D.A.

Dear Sir,

I want to know the process of Registration of Society or mandal

kindly guide me regarding this

thanks

Nitin Kadam

DEAR SIR/MADAM

WHAT IS GOVT. LAW PROCEDURE TO CALCULATE THE LEAVE WITH WAGES & WHICH DAYS WE COUNT WHEN WE CALCULATING IT??

THANKS & REGARDS
AMIT SHARMA

X Pvt. Ltd. Co. has taken a loan of Rs. 5000000 from other Y Pvt. Ltd Co., one of the directors of X pvt. ltd resigns before paying back the loan. Will the resignation be accepted? Is this correct?

Happy Diwali...

Regards,
Devendra