Sir,
I want to know if there is any provision by which accounting period as per Companies act and as per Income tax Act can differ, if yes then please suggest under which section of companies Act.

Whether probation period is counted for the purpose of calculating 5 years?

Suppose an employee completes 1 year in probation and immly the organisation confirms the probation. After that the Employeee completes 4.5 years under confirmation. Is he eligible for Gratuity under the act.

what is a procedure for closing P.F.Account?

can a foreign company become a partner in an indian partnership firm.

Can you tell me the as to how money has to be brought in India by this foreign company for purpose of doing business in real estate.

This is with regard to 205 1A of Dividend distribution.

The language of the provision is very plain, as it does not throw more light on the matter.

Here is a practical case in which a public but non-listed company (i.e.closely held company)wants to distribute dividend to its 6 shareholders.

It is very clear that, the public at large is not interested in the company.

The problem I encountered is regarding a seperate dedicated dividend account.

Is is essential for company to route the payment through this account?

please help!!!!!!!!!!!!!!!!!!

Helo All,

Person A, ROI has funds lying in his foreign account, generated through consultancy, in Europe. May I know the procedures for bringing the same to India?? I know there will be tax at appicable rate. But would like to know procedural issues like permission from various authorities etc...Thanks,

what's difference between Registered Mortgage and Equitable Mortgage in field of banking terminology.

Please advise????

Land own by a familiy

Leased out a trust on a nominal rental charges,

Can trust build up building on that and show in its balance sheet, can we do some agreement betweeen the owner and trust for devleopment of building without any consideration.

Can trust give some part of the building to its associated company to run day to day business if so what agreement is required.

Can we do cash less agreement between trust and its associated pvt ltd., company in liew of some services provided by its associated company to the Trust.

the main issue is - can we do cash less agreement

We have Private provident fund trust. company got demerger in two companies. Pls provide what are the legar compliance we have to follow for segregation of the contributions and investment in trust.

Please provide the legal provision provision for segregation of PF Trust

Regards
Yogesh

This is in regard to a public co in India not listed which is a 99 % subsidiary of a LLP in US, being held by director and some of his family members.
Goods are Purchased from a foreign country byt the indian subsidiary and payment is directly made by a director to the outside party.

This payment is treated as unsecured loans in the books.

For violating the FEMA rules, RBI imposes a fine and asks the co to comlpy with RBI interest rate guidelines and loan reg No.

Director has waived off interest completely on this loan, are there any RBI implications ?