Our company had done the subdivision for shares & i want to prepare the minutes book for the same(AGM & Board of director)
Plz tell me the introducation(Preable)for preparing the minutes book

can interim dividend payable from the P/L account balance pertaining to Earlier years?

Thanks in advance

Dear Sir,
I wish to clarify one doubt regarding DTL/DTA.
i.e. M/s.KPL Pvt ltd has incurred Loss as per P & L A/c for Rs. 500000 in F.Y.2009-10.Depreciation as per IT Act is Rs.70000 & as per Companies Act is Rs.45000/-.What will come i.e DTA or DTL?.This company already has incurred ubabsorbed Business for Rs.20000 & Unabsorbed depreciation for Rs.15000 which was B/f from F..Y.2008-.
Should I consider past years unaborbed loss while compute the DTL/DTA?

S.Jegadeesan

A foreign co., holds 100% share in its Indian Subsidiary co., Now the foreign co., wants to sell its entire shares to another foreign co.,

Kindly advice me what all the provisions / laws will be attracted for this transaction.

Is a share transfer form within prescribed date bearing requisite share transfer stamps (.25p for every Rs.100) along with the Board resolution of both the companies Sufficient.

Any other law attracts or any information be given to any authorities like RBI.

Pl clarify

Can a private company take loans in cash from outsiders and as well from directors.

Hi Members

pls tell me the company incorporation propcedure??????



Regards

Gaurav Sharma

Dear Experts,

I would like to know that whether there is any limitation of time within which Allotment of Shares is to be made from the date of application of Shares. (i.e. whether we are required to allot shares within 30 days from the date of receipt of application).
Secondly, whether List of Allotees which is submitted alongwith Form 2 is required to be certified by CA or director etc.

Can anyone tell me whether Creditors of a Company include Share Application money.

What exactly constitutes Creditors under the Companies Act, 1956.

Manjunath V

Dear Experts,

A dirctor of a Pvt Ltd Co has provided Rs50lac(interest free ) loan to its company. So is section 301 of the compnies act applicable?
And how to disclose the same in the audit report.
If section 301 is not applicable then which section is attracted.

Thanks in advance

Hi, I have a very categorical query.

My boss holds 90% share in private ltd company. He is also a full time employee holding the CEO post in this company. He took a 10 yrs housing loan of 8lacs in Feb-2009, from this company. Cheque wa directly paid to the builder. This loan is being in continuation and paid in EMI every month by cheque. Now this year company is planning for regular dividend in excess of 10 lacs.

Now, my worries are:
1> Can his loan be question as deemed dividend under 2(22)(e)?
2> As a solution should this upcoming dividend be set off against balance/due loan amount?
3> Or Should this dividend be simply paid and he can repay his loan back to the company, using this amount.

Ideally looking at the complete scenario - what is the best way to plan tax, pay less possible tax only DDT? And what are the possible outcomes/consequences?

Please guide.

thanks
Vinay