SOJATIYA VINTAGE AND CLASSIC CARS PVT. LTD. (SVCC) has been incorporated with the objective to carry on the business relating to Vintage and Classic Cars. Shareholders, Directors and their relatives whishes to contribute their collection of vintage cars and SVCC proposes to allot the shares against their contribution for consideration other than cash.

SVCC proposes to get the cars revalued from the authorized valuer and thereby create huge revaluation reserve as the book value of the cars is negligible. Considering the above facts we request you to please advise us on the following issues

1. What is the ideal time to get the cars revalued before or after the transfer so as to avoid any legal or other implication and to minimize tax liability both for the car owners and company?
2. Can the company issue bonus shares by capitalizing the revaluation reserve?
3. In case the cars are revalued prior to offering the same to SVCC and transfer the same at revalued price will the difference between the revalued price and the book value attract the liability of income tax to the car owners?

Thanks for ur kind information and Resol.
Plz send me Expl. statment of the Resolution.

Sir if it goes to compounding then for overcome the above proces of compounding shall i show his appntment in AGM w.e.f 29.09.2009. And remuneration paid to him previously i can show it as a consultancy Fee.

Plz send me Expl Stat. of Resol.
Thnks

Yes Sir i also want the Explanatory Statement of the same.

Actually company appointed this person on same salary w.e.f.1.4.2009 and not filed and resolved anything for same.

Is there any effect by late filing of Form 23 and 24B to MCA by showing E.G.M. on 01.04.2009. Can i file it bad dated ?
Or it goes to compounding? Let me knw.

Being d above reason i m taking his appointment in coming AGM we.f.29.09.2009.

Plz send me solution.

Hello Everybody and very good afternoon.

Dear all,

I am going to appoint relative of director on Rs.75,000/- salary as a Vice President of Company in Annual General Meeting.

Please send me Special Resolution of the same.

Waiting ur reply.
Thanking you.

what are the consequences , if a public limited company make loan to director which is refundable after some period of time.
(Note :- without the approval of Central Government.)

hi

if AGM is held at shorter notice, where it should be displayed?

1. in Notice to AGM i.e. Agenda

2. in Directors report

Is there any notification issued which says that the cash flow statement should be enclosed in the annual accounts immediately after the Profit and loss account in case of a listed company. Please provide me the notification if any issued.

m working in a bank
and the policy of our bank is to get the loan documents signed by all the directors...
nw my query is will the additional directors also be liable to sign..
and wht will be his liability in case of default
secondly wht will be his liability in case of default if he is not reappointed after the AGM

Sir,

I am an accountant of a compnay, some of our debtors ( to whome we are goods supplying) asking that r ur organisation registered under industries development and regulation act, 1951 and The Micro, Small, and medium Enterprises Development act, 2006, I WANT TO KNOW THAT IS WHAT IS THIS I WANT KNOW IT IN DETAIL AND HOW CAN WE REGISTERED OUR PROPRIETORSHIP FIRM IN THIS SECTION

Harish
Vikas puri Delih
09313022338

Hi Friends,



Can Share Application Money shown as such in a FY statement be converted into Loan from Shareholder in Next FY?