The asset in one company is financed with bank and now we want to change its EMI account with our other company. The Chair person of both companies is the same. Is it necessary to transfer the asset also to that company? or only the Loan account will be changed. Further Board Resolution will be needed from both the companies? What other formalities need to be done?

I asking for you sir that where aggregate of assets were purchased during the year more that rs. 5000/- but individual assets was of rs. less than rs. 5000/- . what was treatment of depreciation in the company act.
isn't is difference in treatment of depreciation of rs. 5000/- in the plant & machinery and other than plant & machinery.

Please given to me answer for above query of write off position also. (if less than rs. 5000/- in both cases)

In a Pvt. Ltd. Company it is having 3072 nos of total shares. Out of which Govt is having 600 nos of shares. In the Article of Association it is written that there should be minimum 7 nos of Directors. Now how many Directros Govt can appoint.

In a Pvt Ltd. Company in an Extraordinay General Meeting a member has given two proxy forms to two different persons and submitted both proxy forms in the office before 48 hours. Now which proxy form will be valid.

In a duly convened annual meeting of a Company, the shareholders passed a resolution for payment of dividend at a rate higher than what was recommended by the Board of Directors. Can this resolution be considered as legally valid and binding on the Company?

What are the basic differences between transfer and transposition of shares? Can transposition be availed of for part holding in a folio?

Dear all,

Could u plz tell me: Whether a partner in a partnership firm can become a beneficial shareholder (i.e. on behalf of a firm) in a private limited company. If yes, the relevant section

Secondly, would the investment be reflected in books of the firm or the partner in individual capacity.

Thanking you for your co-operation and awaiting for your responses

The private limited company was incorporated with Rs.1 Lac.

Subsequently, the company has allotted shares to one of the two directors say Rs.5 Lac.

Now, the total paid up capital is Rs.6 Lacs.

I noticed in the company's first annual report - balance sheet abstract page - it is mentioned only Rs.5 Lacs as PRIVATE PLACEMENT.

Is it right or it should be Rs.6 Lacs ?

Expect the comments of the Experts'.

ABC Private Limited is doing consultancy services.

As per P & L, the company has following income :

Consultancy Fees : 100000
Reimbursement of conveyance expenses : 25000

Interest from bank deposits : 15000

Is it appropriate, if I mention in the field Turnover as '125000' under the heading - III. Turnover details of three principal products or services of the company (as per monetary terms) ?

Experts may confirm, if possible.

II. Financial parameters - Profit and loss account items (Amount in rupees)

Field 3. *Income in foreign currency

Whether this field is meant for the 'INFLOW OF FOREIGN REMITTANCE' or 'INCOME IN FOREIGN CURRENCY'.

In my case,

I have uploaded the Form 23ACA wherein I have mentioned as '0' in the field 3 as above. (even though, the company has received foreign remittance say Rs.55 Lacs, which is towards the subscription of shares and not towards income).


Experts' may confirm whether my understanding is in order for mentioning '0' in the field 3, keeping in view the fact of foreign remittance received.