Date of Purchase of machinery = 01/04/2005
Cost: 1258400/- depreciated by Triple shift @ 27.82%.
Depreciation upto 31.03.2004 = 12,23,396/-
WDV as on 01/4/14 = Rs.35004/-

Useful life prescribed by CA 2013 = 15 years
Residual Value = 1258400*5% = 62920/-

My query is, as depreciation was claimed on Triple shift basis will the useful life be reduced to 5 years (15 years/3=5) (or)
Have to use 15 years..?

Is the CA/auditor who authorises or gives consent for the issue of prospectus also liable for misrepresentation in prospectus even if such misrepresentation is made by expert?
If yes, what is the reason? Is it not unfair or unjust as the CA does not know anything about the expert's working or analysis?

dear sir
Today I was trying to upload INC-1 FOR NAME APPROVAL FOR new company but massage appears that mca isssued new inc-29 for incorporation purpose.

My question is whether inc-29 is only option for name approval now and inc-1 will not work for name approval?

Thanks

Can any one provide me with the incorporation documents of One Person comapny?

Dear friends

Can anyone please share the AOA of an NBFc as per provisions of Companies Act 2013.

Any help in this regard is highly appreciated.

Thanks

Dear all,
Can you please help me in an interesting case which I need to resolve.
Suppose, there are 2 companies Ajay Pvt Ltd and Vijay Ltd. Ajay Pvt Ltd invested 10Cr. in Vijay Ltd out of which shares were issued of 5Cr. at Rs. 10+ 20Rs. premium to Ajay Pvt Ltd by Vijay Ltd. There is one common diretor Mr. Satish in both the Companies.It has been three years since shares issued but no dividend was declared and no any other notice was circulated by the Vijay Ltd to Mr. Satish regarding any business of the Company. Remaining 5Cr. is pending as share application money. Vijay Ltd is not issuing shares of this amount nor sharing any profit as dividend to Ajay Pvt Ltd. Then question is how Ajay Pvt Ltd can recover money from Vijay Ltd of Rs. 5Cr.? Can there be any legal action taken? Can appeal be filed with CLB OR NCLT? State all kinds of options with Ajay Pvt Ltd to recover this 5Cr.

Dear Sir,

Please clarify when to give directors disqualification letter under Section 164 to the company by the directors for the Financial Year 2014-15. It should should be given at the beginning of the year i.e, 01.04.2014 or at the end of the year i.e, 31.03.2015 for the FY 2014-15?

Thanking you in Advance.

Dear All,

A Company, registered in India, wants to purchase entire shares of a foreign company, which is subsidiary of an Indian Company. Meaning thereby transfer of shares will be from resident company to resident company.
My question is, what are the requirements of FEMA, which should be complied with?

Hi
My Pvt Ltd company has capital of 15 lakhs and paid up 13 lakhs.
My chartered accountant advised me that no compliance certificate from company secretary is required to be filed for this company from Ay 2015-16 onwards.
Your advise please

Oommen

Friends,
I blocked a name for the company through INC 1. Now I want to change the name.
I didn't file INC 7 Yet.
What can I Do
Whether I have to file New INC 1.How to cancel The Blocked Name.