Sch13 clearly demarcates that any asset less than Rs.5000 shall be written off from the books.If a MNC corporate doing business in india in the name of a subsidiary has got a corporate policy of writing off its assets that has got value less than $400, then can the indian co. expense off assets costing less than Rs.16000/-...will it be in violation to Sch13 requirement prescribed by CA,1956...

Sir,
Thanks for your earlier suggestions.
I have a query now on Details to be furnished U/s 212 of the Companies Act.
As a part of disclosure required by the holding company, the statement pursuant to Section 212 of the Companies Act to Subsidiary Companies requires details on various things to be given.
This is also to be read with requirements of Accounting Standard 21 on consolidation of financial statements issued by The ICAI.
There are three companies which are subsidiaries by virtue of Section 4(1)(a) where one Company A controls the composition of board of directors of companies B, C and D.
The finding out of extent of holding as required U/s 212 is very difficult or not applicable at all in these cases where the relationship of holding and subsidiary is U/s 4(1)(a) (even where it is U/s 4(1)(c) also).

1.Please help me in making the harmoneous interpretation of requirements of Section 212 and Accounting Standard 21 of the ICAI. Does AS 21 requires consolidation in this case also where the extent of holding is very difficult to calculate?
2.Where it is not possible to find the extent of holding, can we show the figures as 'nil' against the profits dealt or not dealt in accounts as required by section 212? since we have not made any line by line addition in these cases, giving these details as 'nil' is still correct?
3.Whether the details of Changes in fixed assets, borrowings etc., still be given in these cases?
4.Is there any circular/notification etc., being issued by Ministry of Company Affairs or guidance not by ICAI on this?
Please help me in this regard.

Regards,
M.P.Arun

Hi,
Can you please tell me the EPF details like Calculation of EPF Amount?, Types of EPF returns & Due dates of submission of retuns, for monthly, quarterly & Annually?




Thanks in Advance.

Sir, i would wish to know as to how much a promoter, director can hold shares i.e. upto what percentage.and is there any difference with regards the % in listed and unlisted co

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is it that the promoter/director can hold only 55% of the total capital and in any given year the percentage cannot excced 5% subject to a limit of 55% which could be thru prefential allotment as well

If a private company becomes subsidiary of a public limited company than its become deemed public company. Provisions applicable to public limited company will be applicable to deemed private company.

My question is whether is it necessary to conver the company into Public Limited company?

SIR MY QUERY IS WHAT IS THE POSITION OF THE PERMANENT DIRECTOR OF A PRIVATE LIMITED COMPANY? WHETHER HE IS AN EMPLOYEE OR EMPLOYER.

WHETHER SUCH DIRECTOR ARE ELIGIBLE FOR THE PAYMENT OF GRATUITY UNDER THE GRATUITY ACT 1972 OR NOT

In a NBFC company, at the General Body Meeting the accounts were adopted. The profits were transfered to the Reserve. But the company had failed to maintain the Statutory Reserve to be maintained at say 15%. Now if the company wants to recreate the satutory reserve, what is the course available?

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Proposed dividend unclaimed what is the treatment?

what is the procedure for the unclaimed amount?

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