Hi,

A Pvt. Ltd. Co. was formed in August 2008. Its two promoter directors have till date not paid the share capital money in the companys account.

The company has surplus cash, but bringing in share capital in cash will attract 269SS of the Income tax act.

So for the year ended 31/03/09, what should be reflected in the companys balance sheet?

Share capital called for but not received? Or is there any other way of reporting the same?

What precautions / notes do we have to give in our audit report?

Can a cheque be issued in the month of march 2009, not cleared till 30/06/09, so as to show capital received and get the cheque cleared in July?

Kindly give your views and comments.

Thanks,

CA Sanjay R Salgia.

Can a Company under Section 163 pass a special resolution to keep the registers covered under that section, in various other offices including the registered office.

Does the usage of words 'instead' of being kept at the registered office of the company, mean that the records can be kept at only one other alternative location or can the records be kept at more than one locations instead of registered office.

Further can the records be also kept at registered office alongwith the other offices approved under Section 163 and in whcih case, can i accordingly word the special resolution under Section 163

Can we rescind a resolution passed in a Board Meeting?
Please reply

Dear Experts,

Please share ur views on the following query:

A company is into Single Brand Retail in which FDI upto 51% is allowed with prior approval of GoI.
Entire paid up capital is held by group of 1 NRI, 3 PIO and 1 Indian.

Would like to know the sectrol cap for investment by NRI & PIO in Single Brand Retail.
Would the equity investment held by NRI & PIO shall be counted for the limit of 51%.

Thanks
Mohit

Hey Can any body plz give me a resolution to allot shares to a nOn resident Indian CompAny who is a member of the inDian Company

with the the details of the approvals to be taken from the RBI and other authorities... in the resolution that is to be included

In Eform 23AC we have to mention gross value of related party transaction so to calculate that value what will be treatement of the below mention transaction i.e. whether that will be added or deducted:

1. Loan accepted
2. Loan repaid
3. Advance given
4. Repayment recd for advance given.



Thanks & Regards
Vandana

hi

We are 100% subsidiary of A Japanese MNC. We are a Pvt. Ltd. company. Our financial year is Jan - Dec. Our Balance Sheet for year ending 31st Dec'08 is complete but
not signed by our auditor. Plz confirm what should be the board meeting date for the adoption of account, AGM date, and the notice period gap to be sent to ROC.

BR
Rashmi

I have a basic doubt regarding Straight Line Method of Depreciation. In SLM method the value of depreciation is arrived by (Cost-Scrap Value / Useful life)
then why there is Rate of Depreciation is defined for SLM metod (As per Companies ACT) That too for Shift wise.

Is on any occassion, SLM is calculated by specified Rate (%)

Kindly suggest me in this regard

Can anyboby tell me how to generate challan for payment for DIN application

Documents Required For Return Of Allotment
Procedure