Hi,
My client is a Private Limited company, sold asset during the year i.e. 15-10-11, should deprecition required to provide in the books from 01-04-11 to 14-10-11 ?
Pl. explain, thanks in advance.

Please guide me as to what has to be done in case if PVt company subsidiary of Limited company has occured loss during the year 2011-2012 inspite of that have paid remuneration as fixed at the time of appointment of WTD and MD which is in excess to ceiling fixed under sch XIII Part -II (B).

can we treat the excess amount as advance given to directors i.e. an arrangement which falls under 299? If yes is there violation of CARO could CARO report be qualified.

Else please suggest me the way so that in any case we dont have to move to central govt for approval.

Our company is manufacturers of passenger car steerings,

I would like to know,

1. Cost Audit is Mandatory for 2012.
2. what is last day for filing of Form 23C.
3. If not filed within due date what is the penalty.

IS COMPANY LAW BOARD PERMISSION REQUIRED FOR ALTERATION IN MAIN OBJECT CLAUSE IN MOA.

WHICH FORMS ARE REQUIRED TO BE FILED FOR THE SAME? IS FORM 21 REQUIRED ?

Hi,
I want to close my limited company in fast track exit scheme. We haven't done any business under this name since incorporation.
Let me know how to do that and what are the charges to do the same.


Thanks,

Sir,

I have a query regarding provision for current year tax, advance tax
and TDS Receivable about it disclosure in revised schedule VI format.
As Current years tax is a current liability and Advance tax net of
provision for tax is refund which is also to be treated as Current
Assets . But while going through Reliance Annual Report they have made
the disclosure as long term term Loans & Advances. And in case of TCS
Annual Report , they have disclosed Advance tax(including refund
receivable) as Long term Loan & Advances and Current Income Tax as
Short term Provision......So can you brief us about the above said
issue and how to give the correct treatment.

Hoping for a favourable response

Dear Sir,
As per Note No. 8 of Schedule XIV of Companies Act, 1956, the rate of depreciation is 100% for the assets whose value does not exceed Rs 5000/-,
Now my question is
If a assets is purchased for Rs 1000 as on 01-03-2012, whether the depreciation shall be Rs 1000 (100% of cost) or proportionate basis on the no. of days say Rs 84 for 31days in the month of march only?

Can a Wedding Company engage another Wedding Company to carry out/assist its main objects?

The maim nojects of the company is to carry on the business of planning,undertaking,managing and executing all arrangements related to weddings.

The said clause inter-a lia provides that the company can enter into arrangements/contracts with companies/organisations for technical,financial or any other purpose and assistance for carrying out its main objects.

Hello everyone,

Mr. X & Mrs. Y had formed a pvt ltd co. in 2011 and in this month they sold it to Mr. A & Mrs. A .

I am confused in filling details in form 32 for appointing Mr. A & Mrs.A as directors.

obviously they will be the owners once Mr.X & mrs.. X resigns after appointment of Mr.A & mrs.B.

so what should i select in director
a) director
b) managing director
c) whole time director

and in category
a) promotoer (i think no becoz Mr.X & Mrs.X were promoters)
b)Professional (12th pass)
c) independent

whether
a) chairman ,
b) excutive director or
c) non executive director


which option should i select ?

SRN B40598559 dated 05/06/ 2012 FOR INCORPORATION OF COMPANY MAA MUNDESHWARI POLYMER PRIVATE LIMITED
SRN D04091682 FOR STAMP DUTY PAYMENT

SRN B36342178 dated 06/04/2012 FOR NAME APPROAL: MAA MUNDESHWARI POLYMER PRIVATE LIMITED

Applied for incorporation on 05/06/2012 within 60 days with FORM 1, 18,32

ON 07/06/2012, REMARKS:
Required PUCL- (1) Particulars of signatories to the MOA& AOA shall be written in their own handwriting as required u/s 15(c) &30(c) of the Act. (2) Decleration for Hindi signatory to the MOA & AOA tobe furnished by 06/07/2012.

FORM 67 FILED AS REQUIRED ON 18/06/2012 within the timeallowed ie 06/07/2012.

ON 19/06/2012, REMARKS:

On approving the wok-item, the system gives message that thename approved has been expired. Therefore, applicant is requested to firstobtain name again and thereafter resubmit all forms i.e. 1,18 & 32 by06/07/2012.

While obtaining the name, filing FORM 1A,

The System gives message,

The Propsed Name MAA MUNDESHWARI POLYMER PRIVATE LIMITED already exists for some other company. Screen Shot is attached.

What would be the solution? This is very urgent.

Please look into matter & arrage to provide a valid solution.

There is something wrong with the system. What should i do? I need your help in this regard.