In DPT 3 we have to fill up free reserves column, is this free reserve amount should be that of previous year 2019 balance or current year 2020 balance, please tell me.

R S Sai Kumar

Dear Friends,

A client of mine is into export of Software Consulting service to a related party overseas. They have been billing the hours based on the TP regulations. But during finalisation of the books the client wants to reverse certains hours from several invoices since the ultimate customer has terminated the project citing quality issues in delivery. Can the indian entity reverse those hours against those invoices with reference to the FEMA guidelines? In such case what are the supporting documents needed to do so?

Regards Sathyanaath K

Mr. A has taken loan from Mr. B of Rs. 100000/- and has repaid part of the loan of Rs. 50000/- to Mr. B through a Company M/s XYZ Pvt. Ltd. in which Mr. A is a Director. Whether such payment shall be considered repayment or not. Is there any consequence to be faced by the company or Mr. A in the above transaction.

Please guide.

MCA has made it compulsory to get PF & ESIC registration along with Company incorporation.

What to do in case company is not going to have more than 2 employees ? Is compliance mandatory under these acts ?

Thanks in advance.

Please suggest a good book on company law with all the recent amendments with rules etc

Can one email id be used for two directors under form DIR-3-KYC ?

please advise...........................

Our company has received loan from an association of persons, whether our company is required to file DPT3 annually, pls reply

While filling yearly Return of DPT 3 in point "h) Any amount received from a person who, at the time of the receipt of the amount, was a director of the company or the relative of the director of a private company", which amount to be filled - whether amount received during the financial year or amount outstanding as on 31st March,2020.
Since in the heading it is mentioned that "Particulars of receipt of money or loan during the Financial Year 2019-20 by the company but not considered as deposits in terms of clause (c) of sub-rule 1 of rule 2 of the Companies (Acceptance of Deposits) Rules,2014 and outstanding at the end of financial year i.e. on 31.03.2020"
Kindly resolve the issue as early as possible

Pls. clear me what is optimum figure for authorized capital? even though it starts from 1,00,000 onwards what would be the long term impact if i put 10,00,000 in place of 1L as authorised capital (except number of shared). Whether it will impact anywhere in future like balance sheet, repayment if company goes shut, any other legal criticalities? where are all it will reflect exactly?

When is MGT 14 required to be filed?
Is it required to be filed when FS are adopted in AGM?