Hi,

There is a pvt. ltd. company in which three directors are there. All the diretor among them are having equal shares. Director salary(remuneration) is outstanding from last two years to one of the directors. Directors among them have quarreled and the director among them ,whose salary(remuneration) to him by company is outstanding, is asking for the salary. What the director can take action against the company.?

As per INCOME TAX ACT, no depreciation will be charged on an asset sold during the year.

But there is a confusion regarding the Companies Act.

Should we provide depreciation on asset sold during the year accounted on days basis in COMPANIES ACT?

Can We Provide Depreciation at the rates as prescribed by the Income Tax Act in the Companies Books or we need to follow the rates as prescribed by the Companies Act? Also, the depreciation as per income tax is on 6 months basis and that as per companies act is on pro rata basis, can that be done? for eXAMPLE the depreciation on Computer purchased for 25000/- put to use for 30 days comes to 822/- (25000x40%x30/365) but that as per income tax act comes to 7500/- (25000x60%x6/12). Can i charge 7500/- in the books?

Dear Sir/Madam,

Will form 8 be filed while taking any car loan from any bank. If yes, then what will be situation if a company has taken lots of car loan, has not filed any form 8 yet with ROC, some loan are fully paid and some of are exist, so that form will be fild in both cases or what??

what will be the procedure of getting approval from CLB??

What is the definition of the terms 'Means' & 'Includes' as per the Interpretation of Statutes? What is the diffrence in both?

do we have to take any approval if the directors voluntarily reduce their salary with effect from 01.04.2008 and refund the excess salary recieved thus far

surendra bhutoria

My client X is holding 20% shares in Y co. in which X is Director.

X wants to sell its shareholding to other existing shareholders in the co.

What shopuld be the valuation of shares of X in Y co.

Y co. is doing IT business for last 15 years. It has resrves of around 8 crores and turnover is around 100 cr.

What method should be adopted for valuation. Pl inform with some xamples. If any further questions pl do ask.

Thanks

Sir/Madam

Would it be right for me to buy handbook on corporate laws and secretarial practice by Munish Bhandari as I am student of FINAL NEW Course. The handbook is not available for the corporate and allied laws. Please guide.

Thanks

One of my client is a Ltd. O. My question is in CARO

1)Clause No. (xi) ; Company has taken CC from IDBI . Whether it is to be mentioned in this clause as IDBI is a bank and not financial institution.

whether there is any ristriction under comapnies act 1956 regarding donation to be made to NGO. And if there is restriction please give the section number. Also inform the procedure to calculate the limit of donation if any.