Can a private limited company buy agricultural land? If so, kindly cite and example.

I want to know from where can i find the contents of SEBI guidelines(ICDR)2009 applicable for CA-FINAL Nov,2010exams and please provide the contents if possible

Hi All,
Please through some light on this issue. We (PVT Ltd Co) had invested in shares of X Pvt Ltd (purchased from share holders-100%). We had paid the sale consideration to individual share holders. In addition to this, we had paid 1 crore to X Pvt Ltd as per the agreement. Now my question is what is the treatment of 1 crore in X Pvt Ltd?? Is it capital Reserve? What is the tax effect on this transaction in X Pvt Ltd??

regards
Saida

Dear Sir,

Can AGM of a public company be held with a notice given by telephone call. The serving of notice nad AGM being on the same day.

Can a private company accept loan from persons other than members or their relatives?If it does What will be the consequence?

Is the appointment or reappointment of Auditors of Pvt. Ltd. company requires ordinary resolution?

An Indian Company has 3 Directors in which 2 are foreigners and same are shareholders.

2 foreign directors are not in aposition to attend BOM and AGM


What steps should be taken to make a valid meeting? (is proxy option is valid for Quorum or tell the another better way)

If an assessee has unabsorbed depreciation and business loss(as per books of accounts) as follows:

business loss
A.Y.07-08 50000
A.y.08-09 15000

Unabsorbed depreciation
A.Y.07-08 30000
A.y.08-09 70000

IN MAT lower of unabsorbed depreciation & business loss is eligible for set off.
This comparision is to be made yearwise b/w loss & depreciation or b/w total unabsorbed depreciaton & total business loss.

If year wise comparision is done then deduction wud be 30000 of dep of AY 07-08 & 15000 business loss of AY08-09.
Total Rs. 45000

And if total dep. & loss is compared then deduction wud b Rs. 65000 of business loss.

What is the correct way???

If possible, also give reference of any case law, notification or guidance note.

Has there been amendments to sebi after NOV 2009 and which are applicable for nov 2010 final old course exams?

Dear Friends

Can a private company accept share application money from other public company?

All Directors of the both comapnies are common.

If yes then what is importance of section 3(1)(iii)
Regards
Sanjay