When a company has advance receivable outstanding from a educational society ( it being registered under society registration act, 1860) members being same in majority, does it needs to be disclosed in the auditors report in the annual return??, coming under the same management, section 370 (IB)

OR
another interpretation is that the Sections like 301,370(IB) does not attract as it is not assigned a corporate status, being registered underthe society registration act, 1860

Question is how to substantiate that the disclosure not made in the Auditors report of annual return is correct??

Can a totally new company with no old balance sheet have a wholly owned subsidiary overseas (Example Indonesia)

Hello,
Can anyone please guide me through the provisions of Chapter IX of Companies Act 1956 where by we can convert a partnership firm into a private limited company directly?

Thanks,

Alpa Doshi.

Dear All
Wish you a Very happy new year,

I have one query regarding to the set off of unabsorbed deprecitaion and carried forward of losses as per bookes of accounts. i want to know the order in which the loss will be set off and if any case study on this may refer

thanking you

CA Nitin Khode

Statutory meeting was held with in 6 months but i have filed Form 22 with late fees but RoC is asking for explanation for delay in filing form 22 otherwise penalty u/s 165 is to be inposed.

let me know what would be the explanation for filing form 22 late.

jatin vora

can u please tell me which section of Companies Act deals with preoperative expenses, its treatment etc...Such as whether to be capitalised etc....

CAN A DIRECTOR MAINTAIN A CURRENT ACCOUNT (IN DEBIT BALANCE OR CREDIT BALANCE) IN THE COMPANY WHERE HE IS A DIRECTOR BY PURRING CASH AND WITHDRAWING CASH OR PUTTING CHEQUE AND WITHDRAWING CHEQUE IN HIS CURRENT ACCOUNT

A DIRECTOR WANTS TO TAKE LOAN FROM A PVT LTD COMPANY WHERE HE IS A DIRECTOR. IS THERE ANY RESTRICTION

QUESTION NO 2: CAN A DIRECTOR MAINTAIN A CURRENT A/C IN THE COMPANY WHERE IS A DIRECTOR (IE GIVING AND TAKING MONEY IN THE COMPANY)

My query is ,
(1)
Whether in the LLP, partners are agent & Principal of one another, means whether they are liable to each other for their own work in the faith of firm?
(2)
Whether LLP is liable to make their A/c's audited even if it's turnover is less than 10/40 lacs like a limited liability company?

When the company goes for preferential allotment is there any limit or percentage upto which a promoter/director of the company can subscribe to the shares