Bhavadharani
31 July 2008 at 16:29

Receipt of Foreign currency


Is RBI approval required for the receipt of money from a foreign entity apart from getting Foreign Inward Remittance Certificate (FIRC) from the bank..


meghraaj
31 July 2008 at 16:02

company related

what is return of allotment?Is it necessary to file it annually?


CA GAURAV JAIN
31 July 2008 at 12:33

Depreciation Charged on Land

A company constructs a building on its own land , and then capitalise both ,and charges depreciation on entire value.
Now it wants to write back the depreciaton on land.

Can it Do so?
Is there any Case Law Regarding this.


YOGESH GUPTA
31 July 2008 at 10:32

Appointment of whole time director

Ordinaray director not getting any remuneration till date. It is proposed to give him remuneration. For this purpose he has to be named as whole time director or executive director.
Querry is whether we have to file form-32 om this situation.

Would appreciate early reply. Thanks in advance


Ghuliani

A company has passed its Accounts in the Board Meeting and passed on the same to statutory auditors. Statutory Auditors in the course of their Audit has come across observation and modification to the accounts as approved by the Board has been carried out. The modification were basically in the nature of some classification of accounts/expenditure , and enhanced Depreciation on some assets which have been totally lost their usefulness which has marginally affected the netprofit/loss figures.
The question which now arises is whether the accounts which have now been modified based on the statutory auditor observation needs to be put up to Board for approval or Not?
If Yes, then what will be the secretarial procedure for the same, Can the Board Meeting is to be called again or it can be done through circular resolution?
If No, then what exactly is the sanctity of Board approval at the first place.
Will be thankful to the respondent if Answers to the above may please also be forwarded to ghuliani@gmail.com also.
Regards
Ghuliani


poonam

Is it complusory to pay dividend by Private co. to Redeemable preference Shreholders carrying fixed rate of dividend who is having Foreign Companies as shareholders.


Aditi
25 July 2008 at 16:12

Calculation of depreciation

Under Income Tax Act, the depreciation will be calculated taking into consideration the criteria of 180 days.
(i.e. even if the asset use is only for 1 month then also we have to provide half years depre.)
Is there any provision similar to this in the Companies Act for calculation of depreciation (i.e. condition of 180days). Or can we depreciate the asset for the period it was in use? i.e. if the asset is in use for 4 months, then can we calculate the proportionate rate for 4 months?


Aditi
25 July 2008 at 16:12

Calculation of depreciation

Under Income Tax Act, the depreciation will be calculated taking into consideration the criteria of 180 days.
(i.e. even if the asset use is only for 1 month then also we have to provide half years depre.)
Is there any provision similar to this in the Companies Act for calculation of depreciation (i.e. condition of 180days). Or can we depreciate the asset for the period it was in use? i.e. if the asset is in use for 4 months, then can we calculate the proportionate rate for 4 months?


jyoti
25 July 2008 at 15:09

address change certificaate

When we change the name & address of registered co., do we get address change certificate separately ?

I need reply urgent


siva kumar
24 July 2008 at 16:34

Audit Report - Caro 2003

while preparing audit report as per caro 2003. We will start the report as:

To the "Member of the Company"

please explain the word "Member of the Company". Whether the meaning is defined in the caro or elsewhere.






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