As per schedule XIII Long terms Loans payable after one year means ????????

is it ?

Long Terms loans as on First day of Current financial year - Installments due / Repayable in Current Financial Year = Long term Loans

Mr. A is a director of a Private Limited Company. The Company is making payment to Mrs. A on professional capacity for rendering Engineering services. Is it necessary to obtain the approval of Board for making payment to Mrs. A. If so, please provide the format of Board Resolution.

Thanks in advance

I submitted form 1, 18, 32 in MCA for incorporation of company, In which Three subscriber made a sings in gujarati lunguage, so following quary realised by MCA " signs in Gujarati hence ask to attach the declaration reg. understanding of the contents of the MOA and AOA and writing the particulars in own hands", so in which formate i filled declaration for further process.??? T

Thank You
Rajnish Patel

Dear all,

Please explain that can an individual be a Whole Time Company Secretary and Whole time director at the same time in the same company?

your views are appreciable.

Thanks

Jayesh Khokhani

Can anyone please suggest me whether a Minor can be a non executive director of the Company.

Or any other way by which company can remunerate a minor.

Please suggest...

Does Section 198 of Companies Act 1956 is applicable on Closely held limited company?
Our's is a Limited Company but not listed all the shares are allotted to the employees of the company so i want to ask whether section 198 is applicable to us or not?

Please provide me your expert opinion

My query is with regard to form-2 "RETURN OF ALLOTMENT"

what does it meant "No. of allotment's" w.r.t shares issued in CASH at Pt. 3 of Form-2?

Example:
Allotment of 23000 Shares F.V Rs 10 each made on 09/03/2012 to following person in CASH:

Mr.A 5000 Shares @ Rs 100 each
Mr.B 5000 Shares @ Rs 100 each
Mr.C 5000 Shares @ Rs 100 each
Mr.D 5000 Shares @ Rs 100 each
Mr.E 3000 Shares @ Rs 100 each

Query:
1. Can we show Shares Issued in CASH
=>Total No. of Allotment 1 (One)& attach
allottee list separately?

2. Does need to show share issued in CASH
=>Total No. of allotment 5(five) & show
allotment to each allottee separately.

Please solve the query. Experts opinion sought urgent and thanks for sparing time.

With best regards

Companies had an option of publishing unaudited results first and then go for Audited accounts. With SEBI amending the 41 Listing it is mandatory to publish Audited results within 60 days. With a drastic change in the Schedule VI compliance is it possible to meet the deadline for the transition year ending 31.03.2012.Auditors will go mad.

Please comment

please can any one tell me that what the exact procedure to increase the authorised share cap. and paid up cap. of the public ltd company not lisited. alos format of a special resolution for it .

Hello,

A company was formed in May 2009 and Preliminary Expenses of Rs.13000 was incurred. Share Capital of the Private Limited Company is Rs.1 lac.

The accounts for Financial Year 09-10 were audited by an auditor say named ABC. Preliminary Expenses in that year were not written off both in accounts as also in the Income Tax Return. Now, a new auditor XYZ is appointed for Financial Year 10-11 and its books haven't been audited till date.

What should the new auditor do regarding treatment of Preliminary Expenses? Should he advise the management to write them off completely or just 1/5th?

If completely, what of the following will be the effect in P/L as far as Income tax Return is concerned:
1) 1/5th of 13000 i.e. 2600 will be shown as expense u/s 35D
2) Entire 13000 will be allowed u/s 35D
3) The limit of 13000 is upto 5% of capital employed or 5% of cost of project. Assuming cost of project is negligible, 5% of Capital employed is 5% of 1 lac i.e 5000. So only 1/5th of the same i.e. 1000 will be allowed as expense u/s 35D

Also, is there any chance that the Preliminary Expenses are just carried forward for another year?