Can Any one tell me that if....

An Asset is sold in the mid of the year then whether depriciation will be allowed on such asset for such period or not..???

As as per companies act depriciation is allowed on day basis...

can a private ltd company take loan from non shareholder. whether HUF cover under definition of relative

Dear All,





Query:



1. Companies Act, 1956 does not prescribe any valuation rules for valuation of perquisites provided by company to its whole time directors or MD's, is the valuation of perquisites shall be considered as per the Perquisites Valuation Rule, of Income Tax Act, like car benefit... What will be the valuation???



2. Rent free accomodation provided by company, Company pays remuneration directly to landlord. However, there exist no agreement between the company and landlord. The agreements is between director and the landlord. Can the company do so??? and wht will be the valuation in that case for managerial remuneration.



3. The terms of appointment of whole time director is for a period of one year, In that case provision made for gratuity form part of remuneration?





Regards,



P.K. Shaw

Can anybody provide me the format of notice to be sent to members under section 257(1).

Sir,
Recently Ammendment in Schdule VI. Schedule VI silent about presentation of Preliminary Expense in balance sheet. But We attend seminar in which told me that Preliminary Exp. Totally written of in Profit & loss account. And Claim Preliminary Expenses in Computation by add- back of Prelimiary Exp. So I am confused about presentation of Preliminary Exp. So Please guide in this matter. And how we claim this expenses in p & L?

i have incorported new pvt. ltd.co of x. ihave received amount of rs.1,00,000 from various shareholders in the form of cash and not in the form of a/c payee cheque and passed the entry

cash a/c dr.
to equtiy shares. is there any violatoin of co.act or income tax act plz solve my query

Company was registered in 1999 and the current status of the company is dormant we want to make the status active. Do we have to pay penalty for each year from 2005-06 till 2011-12 for non filing of balance sheet and P&L and annual return or from year 1999-2000.

* Can a same person be appointed as proxy for more than one member?

* Can a proxy be counted in quorum?

Thanks

Dear Members,
Whether Dividend declared is inclusive of DDT

Ex.Dividend declared is Rs.100000/-
What is the amount to pay DDT

It is @16.995% of Rs.16995.

OR Rs.14,526/-.
URgently

Dear Experts,

Holding company taking finance from a bank for its future expansion, and mortgaging its subsidiary companies property in favour of bank for securing the same loan.

My question is what compliances/formalities has to be done by the subsidiary company.

Please also suggest the attracting sections in this regard.