As per section 215(3) of Companies Act, 1956
The balance sheet and the profit and loss account shall be approved by the Board of directors before they are signed on behalf of the Board in accordance with the provisions of this section and before they are submitted to the auditors for their report thereon.

Again it is mentioned by clarification 2 of serial No. 244 page 254 dated 1992 issued by DCA )
There is no contraversion of this section (section 215) in case the audit of final account is completed before approval of the balance sheet by the board of director of company.


Aren’t these two contrary to each other. Explain this

Hello,

For registration of partnership firm, I have got the following documents ready viz:
- Deed of partnership (duly notarised)
- Copy of partnership deed (in Marath)
- Form A
- Blank stamp paper of Rs 50
- Photo identity & residential proof of both the partners

Do I need to get any other documents done? What should be my next step?

Help appreciated.

Thanks

hello i want to know from where i can do llb through correspondance.please give the list of institutes.i m also pursuing for ca final exams & i want to know whether which course is best whether llb or MBA

Whether a Branch of foreign Company can take a loan from its Head office to run the operation or for infrastructure.

if yes what rules and regulation will be applicable i.e pre approval from RBI/ FEMA or any other authority.

please suggest.

IS IT POSSIBLE FOR A NRI TO ENTER INTO PARTNERSHIP WITH A RESIDENT, IN INDIA. IS ANY SPECIAL PERMISSION FROM RBI REQUIRED FOR THAT IF SO WHAT R THEY
PLS...... ANS........

Can anyone please give me a distinction between Company and Limited Liability Partnership? Please help.

We have engaged services of overseas company for assisting us in procuring machinery from overseas manufacturer. We have to pay commission to this agent. Pl. let me know the procedures to be followed by us under FEMA and I Tax Act.

Tks in adv.

Vivek Mangoli

Dear All:

As per the EPF laws, if the employee contributes 12% of BAsic towards PF, then the employer also contributes 12%. But can the organisation cut 13.61% from the employee's salary (12% +1.61% Administrative charges)as employer's contribution from the empoyee's salary if its a part of the CTC. My query is regarding the 1.61% administrative charges whic the organisation is responsible to pay, to what extent it is justifiable. Is it mentioned anywhere in the EPF act.

Thank you in advance.

Lalit Soman

Our client registered with STPI and importing the assets from USA, informing to STPI regarding import of assets and booking that assets in books of accounts. Is it necessary to inform RBI in addition to STPI?

Case laws are usually quoted in following manner:
Ganga Prasad Sharma v. CIT (1981) 132 ITR 87 (MP)

how the above is to read?
What does 132 ITR 87 (MP) indicates?