Sir

I was using depreciation rate of companies act 1956 as per WDV method. Now can anybody tell me the useful life of those assets in terms of year. For eg if rate of furniture & fixture is 18.10% then what is the life of furnitre in terms of year.

I need it for every asset and also the calcultion way

After change of name of a private co. till what time a company is required to mention its old name on variours documents.

A pvt. comp appoint a person in 2011 and he continues till date and Form 32 was filled for him in 2011 mentioning Designation as director and category professional.

1. Can Board appoint director with Designation as director and category professional. Sometimes as category as promoter to person other than subscribers).
2. Was there any need to regularize his appointment by shareholders in EGM or AGM.
3. Was there any need to file Form 32 after regularize his appointment by shareholders or as filed above is OK
Pl resolve it as per comp act 1956
Girish Garg

what are the outcomes and penalty if a company hasn't done ROC annual filing for more then 3 years and how such issue can be resolved.

Sir/ Madam, i am working in a MNC company from last three years, my appointment letter says for a confirmed employee "appointment is terminable by giving 90 days notice or wages in lieu of such notice provided always that should your service to be terminated for any misconduct entailing dismissal, you will not be entitled to any notice or payment in lieu of such notice".
My question is, can I give 30 days notice and 60 days wages against this contract in appointment letter?

what are the implication and rectification steps if the director become disqualified to be re appointed as director.

Dear All,

Please suggest me whether a public company can take deposit from Director's relative or promoter's relative.

Dear friends,

One of our client company, which is unlisted public limited, has extended loan to a sole Proprietorship Concern, owned by one of the directors of that public company.

Does this attracts the provisions of Section 295 of the Companies Act, 1956?

Please advice.

Regards,
Soumya

in def u/s 2(40) of companies Act 2013 financial statement includes cash flow statements. Does this mean that cash flow be applicable for private ltd companies (not a small co or a dormant co). if yes does this contradicts applicability under AS ~3, Please advice how to go about dis issue?

Can a Pvt Ltd company with cash balance, apply for Liquidation under fast Track Exit scheme? If not, can we distribute the cash to the shareholders and later file an application under FTE scheme?