One of my client has installed SAP software worth Rs.500000/-, in this regard I want to know as per Companies Act 2013 what will be the useful life of SAP software.

Kindly advice.

Sir,

Kindly Help to Incorporate the company.
i want to get help step by step for all formality of company and all legal filing documents to be filed in roc.

sir,
kindly help in this matter

One of our Company's director has applied for a loan from a bank where he has shown the company as a Co-applicant for the same. request you to resolve my queries given below:

1) Can a Company be Co-Applicant for a loan applied by its Director?

2)can a Company be shown as a guarantor for the loan availed?

3)Will this trigger the Provisions of Section 185 & section 186 of the Companies

4) If company is a Co-applicant then will it be registered as a charge on MCA?

if date of purchase of computer (which has useful life 3 yrs.) is 08/08/2005 amount rs. 7757, then whether depreciation will be charged as on 31/03/2015 as per co. act. 2013.
pls. provide me appropriate calculation as soon as possible.
it means balance amt.7369 will be deducted from retained earnings? as well as where residual value will be adjusted?

Dear All,

We are a private limited company and share application money has been pending since 1 year. Now they want to convert the Share application money into unsecured loan.

Can we convert the Share application money into unsecured loan?
If it is possible guide me the procedure for such conversion.

Thanks in advance.

Whether Internal Financial Control applicable for Private Limited Company ?

is it necessary to file form DIR-11 by director who send a notice of his resignation to a company and company file DIR-!2 for his resignation. is it a non-compliance of law . what consequence shall occur if director not filed DIR-11.

Sir/Mam

Can we appoint one person as manager in more than one companies?? Please clarify.

Best Regards
Drishti

Dear Sir

For example if 'A' purchased a software for Rs.50000. And its yearly renewal charges are Rs.5000.How i need to depreciate this?

As per my view we need to depreciate the software as per the life said in the schedule i.e.3 yrs and the renewal charges need to charge to p&l A/c.Is this is correct or not.

And while depreciating we need to consider residual value and finally how we need to account this residual value?

Thanks in Advance.

IS SCHEDULE II OF COMPANIES ACT 2013 APPLICABLE FOR FY 2014-15.
CAN ANY BODY GIVE BOARD REPORT FORMAT AS PER THE COMPANIES ACT 2013