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

we are having pvt.ltd.company which is providng service to client.Does it mandatory to disclose Gross Revenue less service tax on face of profit & Loss Account or it would be ok if we show only net on the face of profit & Loss A/c

A private company having full time secretary wants to appoint the secretary as Director of the company too. Can the company do so ? If he is appointed as Director what will be situation with respect to remuneration from the company in which he is a director and secretary ?

Hope the experts of this forum will be bale to help me on this please.
Details:-
One party is a Public Limited Company and the other is the SBI (acting as Debenture Trustee) having full powers to sell the Mortgaged premises.
Would like to know the Stamp Duty and Registration Fee in Chennai
I have also attached and highlighted the stamp duty for Tamil Nadu advise if this is correct Art 27 highlighted would like to know which value is correct.
Also pls to guide me to on Registration Fee in Tamil Nadu

Dear Expert,
One Foreign national wans to become director in Indian Pvt Ltd Company, she is Canadian national. She has Passport and Copy of Indian Origin Card on which only her name and date of birth is given, but father name and address is not given.

1)She has PAN card and joint bank account in India for her Indian Income, Can we attach copy of PAN card as a proof of Identity and copy of bank statement as a proof of address to get DIN?
2)If the Canadian proof of Identity and address is required to be given then what documents we can enclose?
4) Can a present director of Indian company in which she wants to become director attest the photograph and documents to be enclosed. Please Guide?

what is the procedure to appoint statutory auditor in place of retiring auditor who shows his unwillingness to continue as statutory auditor at AGM?

In case of change of name of a public limited company , we need to change it everywhere including bank.
for this purpose what kind of resolution is required ,specific for each bank or a general board resolution.
can anybody provide me that format also...

If a Company is having shareholders more than 2lac and many of the shareholders including the minority shareholders are constantly raising accounts related and other queries;
Is the Company bound to answers all these queries?
Should the company answer these queries at the earliest or wait till the AGM? What are the obligations on the company to answer these query.

HELLO
I HAVE A DOUBT ABOUT MANAGERIAL REMUNERATION....
WHILE I AUDIT THE ACCOUNT OF A PUBLIC LIMITED COMPANY ,THEY PROVIDE THE REMUNERATION AS PER SCHEDULE X111 OF THE COMPANY ACT..THEIR EFFECTIVE CAPITAL IS RS. 7 CRORE SO THE MANAGERIAL REMUNERATION IS RS 1,25,000 PM..THAT MEANS RS 15 LACS PER ANNUM BUT IN THE BOOK OF ACCOUNT THEY PROVIDE 22 LACS P.A...WHILE READING THE PROVISION CONTAINED IN SCHEDULE X111 THEY CAN TAKE THE OPTION 2 BY PASSING A SPECIAL RESOLUTION IN THE GENERAL MEETING ...NO APPROVAL OF THE CENTRAL GOVERNMENT IS REQUIRED ....ANY FORM IS TO SUBMITTED IN THE ROC ....JUST TELL ME WHETHER I AM CORRECT OR NOT
OR ANY LEGAL FORMAILITY REMAINS

Can Sum1 suggest me when is the Charge required to be created on the F.A of the company & whether it is required for both Pvt & Pub co. Also the type of charges that are to created & whats the procedure for registeration of charge in ROC. I need all.