Sec.217 (2A) Requires information regarding the employees to be given in director's report. The clause states to include those employees who are in reciept of Remunartion of Rs.24 lacs p.a or Rs.2lakhs per month. My query is what if i have an employee who is earning 50000 per month, joined my organisation in Feb 07 and got the joining bonus of Rs.3,00,000.Will that be included in the list of employees under sec.217(2A)?

My query is what should be written in the coloumn "SRN of fee paid" in DIN -1.
From where to get this SRN NO.

Section 200 of the Companies Act prohibts tax free payment of salary. However, under the income tax, gross up clause is available. Please advise on the following situation:

An employee is to be paid net of tax salary; but the offer letter is to be made or worded in such a way that it complies with Section 200 of the Companies Act, 1956.

Pls advice.

We have to give the directors salary amounting to Rs. 1 lakh pm of one of the dirctor of the private co.as DIRCTOR SALARY . Is there any prohibition or procedural to be followed. The article of association is silient on the director salary as such. Table A is also silent.
Kindly reply.

Dear All,

As we understand to incorporate Public Company minimum number of 7 member(s) are required.I wanted to know whether Is it legally possible that 1 shareholder serves as trustee for the other 6 shareholders in the Public Company.

Regards,
RK

Can a person holding preference share/s be appointed as the statutory auditor of the company? Please provide reasons for your answer

What is the difference between a company and a corporation?
Is the term Corporation defined in any Act?

Hi,

As per companies act is it mandatory to show the income tax saved in case of a company undergoing loss????????? If so please do let me know as to how it has to be disclosed???? Further is there any provision which makes this disclosure a mandatory one????

Dear All,

Can any body give me the interpretation of Section 4(7) of Companies act.When any Wholly Owned Susidiary of Foreign Corporate is deemed to be public company in terms of Section 4(7) .

Regards,
RK

How does a company determine the amount of money in excess of its wants? Is it by computing the money remaining idle?If so how is that computed?

Refer section 100(1)(c)