While computing depreciation as per amended companies act 2013 the residual value of an asset is Rs. 20,000 and the WDV of asset is Rs. 12,000 and the remaining life is 5 years how to treat this & how to show in financial statements

Kindly clarify :

Sec.190(1) of Companies Act 2013 is telling to keep the service contract of MD or Whole-time Director in the Registered office for inspection of members.

Here, Service contract means only a letter of appointment or particularly an agreement.

As in act its only mentioning service contract not an agreement.

Most of the companies are following agreement but if management is not interested than.

Suggest in this regard.

can a pvt ltd co.take or give loans and advances to any other entity even its sister concern

A shareholder dies before 8 years but no further procedure i.e. transmission of shares was taken, now his sucessors wants to approch Company for register sharers in his name.my query is that
1. is it possible to transfer shares to succesors after 8 years period?
2. if yes, what will be procedure & documents required for such transmission?

In last year I had filed E-Form ADT-1 (Appointment of Auditor) for the period of 5 years, so for this year is it needed to file again ADT-1 to ROC regarding auditors appointment.

so its required to give notice for passing ordinary resolution in AGM????????????????

Please reply..

Companies Act 2013 specifies that carrying amount of asset as on 1-4-14 is to be depreciated over the remaining useful life.

Suppose I have purchased a Plant & Machinery on 11/11/2012 for Rs. 1,00,000/-
Sch-II specifies Useful life to be 10 years.

What should I consider remaining useful life of asset as on 1-4-14, since asset was purchased in mid of year.

Do we have to purchase Share transfer form from any Stock exchange for registering transfer of shares in case of private company OR can a company simply use format as per Form SH-4 on plain paper and approve the transfer of shares.??

Sir,
Is it mandatory to file form DIR-11? & If yes, how can a resigning director sign his form if he does not have a digital signature?
Pls do reply.

Dear Friends / Experts,

Please guide me on the following, IF POSSIBLE:

A Private Limited Company was incorporated on 20/02/15.

Company filed Form No.INC-21 on 24/03/15.

Query

Please advise, whether the Company should have it’s Accounts for PE 31/03/15 or 31/03/16.

Your reply, please..............

Please confirm, whether the period of Accounts can be for 14 months i.e. February 2015 to March 2016.

Your reply, please..............

Please advise, what would be the due date for First AGM of Company incorporated on 20/02/15.

Your reply, please..............

Thanks in advance for possible replies from all concerned.

Please define the procedure of annual filing and annual return of f.y. 2014-2015..... its urgent