i want to know the exact procedure through mca 21 or filling with Roc. Documents involved in it

A privated limited company not carrying any business activity has let out its building on rent. If the company is liable to provide depriciation under companies act or not, because under income tax the rent will be assessed under income from house property and against this head no claim for the depriciation will be admissible. But due to providing depriciation under companies act the value of the property will be depriciating every year.

Also guide in either of the situation if any provision for the deferred tax / liability is to be provided.

Thanks

A privated limited company not carrying any business activity has let out its building on rent. If the company is liable to provide depriciation under companies act or not, because under income tax the rent will be assessed under income from house property and against this head no claim for the depriciation will be admissible. But due to providing depriciation under companies act the value of the property will be depriciating every year.

Also guide in either of the situation if any provision for the deferred tax / liability is to be provided.

Thanks

1.Whether the provisiions of Schedule-XIII of the Companies Act applies to a Private Limited Company

2.Whether a NRI Director of a Pvt.Ltd.co. be paid remunertion in Indian currency without obtaining any permission from RBI or Central Government for the services rendered outside.

a Pvt.LTD co. whose business as per MOA is to hire and purchase assets it makes a transaction in the comodity market in the nature of intra day transaction and makes profit therefrom and disclosed it as other income in their P/L Ac.
it is to be noted that no approval yet has been taken ofthe BOD but that will be obtained.

plz guide whether the transaction is valid and whether the treatment thereon done is valid or not

Dear CA club Experts

Please let me know the Checklist,Documents and process to increase the share capital of Pvt. Ltd. Company. we have a Client with the share capital of 500000 and wants to increase it to 1000000.Please let me know in detail.

Thanks & regards

Deepika Tyagi

PRIME CFO management Pvt. Ltd.

1. Can a CA in India act as a director of the company. If So, What is the limit?
2. Can a practising CA in India act as a director of the company? If So, What is the limit?

Dear all,

Please let us know the procedure & the time limit within which a share Holder of a "Co-op.Bank" can claim the "Unclaimed Dividend".

Thanks,

The Cl. 49 requires a listed company to have at least 50% of its directors as "independent" directors, if the chairman of the company is an Executive Chairman or he is related to Promoters family.

My query is - what if a company does not have a Chairman.

A company has option (but no compulsion) to appoint a Chairman of the Board. If a co. appoints such a Chairman, then at each meeting of the Board, he takes the Chair without any need for electing a chairman for every meeting. But if there is no such appointed chairman, then at each Board meeting the directors present will have to elect a chairman for that respective meeting.

Thus, the query is - if there is no such appointed Chairman, then can the company be exempt from the restrictive requirement of 50% "independent" directors? (In which case, it would be sufficient for the company if it has just 1/3rd of the directors as "independent"

Anil Kale

I had recently incorporated a company.. but its been 2 months now tat the bank account hasnt opened.. wat r the implication of the same.

What is the process for appointing a auditor.

What is the process for alloting shares to share holders