Dear Experts,
on construction of factory we have incurred 2065790/- the factory was put to use from 11/3/2017 however as per schedule II depreciation rate is specified SLM 3.17%, WDV 9.50% & useful life is 30 years. pls clarify :- which method we have to opt to charge dep. weather 3.17% SLM or 9.50% WDV also let me know in the period of 2016-17 the factory was used only 21 days. will dep. be calculate only for 21 days if yes pls let me know the formula of that, and requested to all members to explain the same with an example if possible?

Regds
Anshul

Dear Experts, on construction of factory we have incurred 2065790/- the factory was put to use from 11/3/2017 however as per schedule II depreciation rate is specified SLM 3.17%, WDV 9.50% & useful life is 30 years. pls clarify :- which method we have to opt to charge dep. weather 3.17% SLM or 9.50% WDV also let me know in the period of 2016-17 the factory was used only 21 days. will dep. be calculate only for 21 days if yes pls let me know the formula of that, and requested to all members to explain the same with an example if possible? Regds Anshul

Please share in what cases a private limited company can give loans to its director and to person in which directors are interested

in what cases sec 185 is not applicable so that Pvt Ltd Company can give loans to its directors or a person in whom directors are interested.

please share the details about exception to sec 185 in case of private limited company. when a pvt ltd company can give loan to its director or a person in which director is interested.

As per provisio to sec 187 of Companies Act, 2013 , a company may have nominee shareholder for meeting the requirement of minimum number of members, does this imply that the corporate shareholder and the nominee shareholder will be counted as two for calculating the number of members.

Hi,
I have given Rs200000/- unsecured loan to a pvt. limited. company (one of my relatives (brother)) in 2012 at an interest of 18% per annum ( applicable for deposits) which is duly acknowledged in the balance sheets of the company till date (Principal Amount only). In the balance sheet documents it is mentioned under "unsecured loans". But I don't have any document for the interest committed by the directors. Now, the directors of the company are not paying the interest. They are even denying the payment of Principal amount on account of financial position of company although directors are drawing a salary of Rs100000/- per month which is also mentioned in the balance sheets filed with MOC. The loan given by me is still acknowledged in the balance sheet filed with MOC i.e. FY 15-16. I want to know what are the legal remedies I can exercise to recover my loan amount?

Dear Expert,

Please let me know whether an LLP can become partner in partnership firm. Please revert back with relevant notification/law/case law and some documents evidencing the facts.

Thanks a lot in advance.

Regards,

Balwinder Singh

A director needs to change the details of name, address and PAN w.r.t her DIN. Now, while filing verification form DIR-7, there is a clause "I have not been already alloted DIN under sec 154...".
But, since DIN has already been allotted, and we are just making changes, what do we need to do? Do we need to remove this clause or what?

what is investment layer ? what is the meaning of maximum investment possible by 2 investment layer ? Please explain