A is a director of X Ltd. and also member-cum-director in Y Pvt. Ltd.. X Ltd. takes premises(immovable propery) from Y Pvt. Ltd. on rent and enter into agreement.

1) Whether section 297 is appliacable?
2) Whether exemption provided u/s 297 is applicable for this type of agreement?

Thanks.

CS. Jatin Vora

A Pvt Ltd company in the field of services at Bangalore, want to start operations in another state with 50:50 ratio with another party from that place. Which would be better method? start as Franchise or start a pvt company and become it parent or Partnership with other party and retain its original name?

Is there any ratio between authorized share capital and Paid-up share capital of a Pvt Ltd company. A company wants to have authorized capital of Rs.50 Lakh[due to use of Intl with name] and Paid up Capital of 5 lakh. What would be my cost for ROC. Can I use chairman as the designation for director who invested majority.?

Regards,
Anil Jacob

Dear Sir
i hv a urgent query plz resolved it.
there is a pvt ltd co which parant co is USA Co.A team of Delegats from parant co(USA) come to India.All the expenses which is incurred by Indian Co on Delegates is re-imbursed by Parant co.
Now my Que is that what will be the ACCOUNTING TREATMENT of this Exp and re-imbursement and ANY TDS SERVISE TAX FBT LIABILITY ATTRACTS such as Hotel exp, Hiring of motor and chartered Plane etc.
when money will be reimbursed by parant company from foriegn then any FEMA Compliance attracts.
plz resolved it IN DETAIL.
Thanks

My company [will register this dec] has authorized capital of Rs.50 lakhs [5 lakh@10] and paid up capital of 5 [.5 Lakh @10] Lakhs. It is a Pvt Limited company. I have a plan to collect another 5 Lakh[.5 Lakh@25] from others with premium as we have some intellectual property. I would like to confirm that this is not against any rules. Please guide me on this case

Regards
Anil Jacob
Tax Analyst
Ernst&Young

what is the tilme limit for a listed company to publish notice in newspaper regarding AGM

Can a individual hold the possition of Managing or whole time director simultaneously in two private company.

If yes then whether he can draw salary from both the companies.

Regards

Yogesh gupta

Hi All,
I will be highly thankful on advising me on the following matter.

Facts :
My Client is a Pvt. Ltd. Company. The Directors have decided to open a new company whose main object will be to export the glass material, Timber, hand crafts and other goods from India to Italy. My Client has business contacts in Italy. As One of their Clients residing in Italy has offer 50 : 50 Basis Partnership in the new company. So, they have decided to open this new company in partnership (Shareholding) on 50:50 Basis. The registered office will be in India. The Funding will be in Euro.

Query :
1. Whether there is DTAA with Italy ?
2. Whether the New Company will get any benefit as 100 % Export Oriented Unit ?
3. What is the threshold limit for Investment in Indian Company by a Foreign Individual or Concern ?
4. In case of Dividend payments, what is the tax liability ?
5. Whether this new company can take Foreign Loans ?
6. What are the FEMA provisions regarding the above issues ?

Can someone provide me the information relevant to the above urgently?
CA. Anup Jaiswal
(e-mail : jaiswalbrothers@ymail.com)

hello,
can anybody send the draft of statutory auditors appointment letter in a private limited company as soon as possible.plz send it at rimpi.singhal@carnation.in

thanks
CA Rimpi Singhal

what will be the rate of stamp duty on debentures for more than 1 year.