In case of sale of fixed asset, whire arriving at the profit/loss on sale of asset, whether the VAT amount should also be included in the sale value.
Eg: WDV 2,00,000
Sale value Rs.2,81,250 [Rs.2,50,000
+ VAT @ 12.5%(Rs.31,250)]

whether the profit on sale is Rs.2,81,250-2,00,000 = Rs.81,250/-
OR
Rs.2,50,000 - 2,00,000 = Rs.50,000.

can Any one Explain me with example the below clause in Schedule VI of Co Act

vii. The figures in the balance sheet may be rounded off as under:
1. Less than Rs. 100 crores : to the nearest hundreds or thousands or decimal thereof
2. Between Rs. 100 crores or more, but less than Rs. 500 crores : to the nearest hundreds, thousands, lakhs or millions or decimal thereof
3. Rs. 500 crores or more, to the nearest hundreds, thousands, lakhs, millions or crore or decimal thereof

A company has its registered office in delhi and held its board meeting in haryana and increase its share capital.
what is the stamp duty payable either haryana or delhi .

if any notification of section please also give reference

1.if shareholder has nominee then whose name should be mentioned on share certificate.i.e of real owner or nominee

2.if shareholder has authorised representative then whose name should be mentioned on share certificate.i.e of real owner or authorised representative

Dear my company was incorporated on 1st Janaury 2009 and my CA has prepared balance sheet for first 3 months and 2nd balance sheet from 1st April 2009 to 31st March 2010.

As per section 166 first AGM can be convenied within 18 months from the date of incorporation.

Can be lay both balance sheet in the AGM to be held on 25th June 2010 ?

Regards
Sanjay Srivastava

Please can any one let me know who are Executive and Non-Executive Director as per clause 49 of SEBI listing Agreements ?

1. are there any restrictions on bonus issue in companies act
2. is bonus issue should be based on audited balance sheet.

A & B are directors of a Co,
C applied for DIN 6 months ago
and got approved DIN.

C was appointed Director on
01/06/2010,C filed DIN 2, on
18/06/2010
F-32 is pending.
Is there any defualt,pl advice.

Thanks in advance.

Cs.Gautam Roy

Dear Sir/Madam,
Directors of pvt co can get the remuneration as per companies act ceiling.....in a profit making co...how can a director can be benefited apart from remuneration....
My means to say that can director of a pvt co.. can keep profit with himself? if yes how?

Dear Sir,

Is it compulsory for every company to make its accounts audited under statutory audit?
If yes then under which section it is conducted?

Please guide...

Thanks