We all are well known about the changing of depreciation rates from 1-4-2014 with effect of companies act 2013. We know according to this act we has different formulas to compute depreciation rate for Tangible assets and Intangible assets, according to that formula Intangible assets depreciation rate can be depended on the actual revenue generated and projected revenue generating, but in case the company has Intangible asset which is non-revenue generating asset then how to compute depreciation?
for example: A Company has accounting software to do their accounting computerise, this is not the revenue generating asset or event to the company but it is asset to the company in such case how depreciation shall compute or Cost of that or Carrying cost of that can be written off to P&L? please clarify me, it is very urgent audit is pending for it. and if possible give support to your answer.
Hello
Please tell me...what is the difference between preferential allotment and private placement.
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There are two private cos A Pvt. Ltd. and B Pvt.Ltd.
B Pvt. Ltd. holds 48% of shares of A Pvt. Ltd.
Director of B Pvt. Ltd. is a partner of audit firm of A Pvt. Ltd.(i.e. h is auditor of A Pvt. Ltd.)
Is there any violation of Section 141 of Companies Act 2013?
Kindly reply.
Can a director of a private limited company start his own proprietorship?
can i have a format of resolution for conversion of unsecured loan to equity shares. its urgent.
Query: whether stamp duty is payable by the company on buy back of shares from its shares holders?if yes, what's the procedure/provision i.e., rate of duty etc.?
Whether private limited companies are required to prepare consolidated financial statements. Is there is any exemption are there from section 129 of the act for small private companies having subsy. And if it is applicable what further action are r be taken
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Dear prof colleagues, What is the time limit for allotment of shares to foreigners? As per FEMA it is 6 months from receipt of application money. As per CA 2013, it is two months. Which will be superceded by which?
hi frnds, currently i m rendering consultation service in constitution of proprietorship & now want to convert it into co. can anyone tell me the procedure of company formation in detail. so it will help me to creat the same easily. thanx
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Depreciation calculation as per companies act 2013