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Ravi Kant Shukla
10 July 2011 at 11:09

Depreciation Rate


Depreciation rate as per company law & Income tax law is same


C.A Alok Mukherjee
09 July 2011 at 11:17

whether section 301 attract?

A limited company's (say company x) 47% share is held by company y. In an agreement company x received two employees service of company y and for which they reimburse the actual expenses on the basis of bill raised by company y to company x. Is it relevant to record in section 301?



Anonymous
08 July 2011 at 23:15

MOA

If at the time of incorporation of public limited company there is some printing error like in place of word "proprietary concern" partnership concern is typed. How to rectify mistake.



Anonymous
08 July 2011 at 15:35

NBFC - ND with FDI

Dear All,

My client, a NBFC-ND received a notice from RBI for presenting "copies of particulars relating to approval of Foreign Exchange Department in respect of FDI received."

My question are

1) What is this approval
2) Does it required even if company receiving FDI under automatic route.


Regds


Miteshwar Mahajan

Dear All,

As per RBI circular DNBS (PD).CC. No 167 /03.10.01 /2009-10 dated 4-2-2010 a NBFC with FDI has to furnish a Half yearly certificate from its statutory auditor about Compliance of minimum capitalization norms.

Can anyone pls provide me its format?

Thanks in advance.

Regds


Arsh Jain
08 July 2011 at 15:27

Non compliance with Sec 163(1)(i)

A private limited company has registered office at X place and its books of accounts are maintained at Y place. both X and y are in the same city. the company has not passed the special resolution for this thing. Please let me know the concequences for this non compliance.


Pranav Bembi
08 July 2011 at 13:56

Compliances for foreign citizen

1.
Sir, MR.X is a person having an Australian nationality ( he was born in India , and is of Indian origin).he wants to set up a company in Singapore. I want to know whether he is liable to do any formalities in India in the context of companies act 1956.

2.
there is another doubt that since the person is of indian origin wether and controls the company in singapore it will be deemed as foreign company and have to file return with ROC delhi
please guide me


SABARATHINAM
08 July 2011 at 13:33

LLp closure of book of accounts

a llp newly incorporated as oct 2009 still the time books of accounts not closed. i would like know which year ending i have close the books of accounts as per llp law



Anonymous
08 July 2011 at 12:40

section 297

Dear Sir,
if the paid up capital of the company is rs 1 crore or more and the company falls within the exceptions given under section 297. is it necessary to obtain central government permission for transaction with a related party?
Rgds


Hitesh Agarwal

A new set of articles of association is adopted instead of old article. So whether in directors section only existing directors to be mentioned or the first directors to be mentioned. That is if in first AOA there were 4 directors and later on there were 3 directors. So whether names of 4 directors to be mentioned or only 3 i.e existing directors






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