Can anybody tell the detailed difference between interest and dividend according to the provisions of law...?

Dear Experts / Friends,

Please reply the following THREE QUERIES, if possible.


Can an Auditor continue for more than 10 Years without a break in the Company, which is a Private Limited having just Paid up Capital of Rs.1 Lac and Turnover less than a Lac?



What is the Specified Number of Statutory Audits for an Auditor from the Financial Year 2014-15 onwards?



Please confirm, the limit of 30 Statutory Audits was applicable till the Financial Year 2013-14 only.


Thanks to all in advance.

Dear Sir/Madam

Pls guide me regarding the due date as per current scenario for Private Limited Company for :

(i) conducting AGM (Considering that the Tax Audit Report Dt. already being extended by CBDT upto 30th Nov.)

(ii) What will be the last Dt. for signing of Balance Sheet/Annual Accounts both from tax Audit & Statutory Audit....

In a nut shell the query related to considering due date extended by CBDT....Can we sign Audit Report on Dt. 30th Sept, 2014 ????

whether companies act 1956 is applicable for preparing annual notice & filing annual return for FY 2013-14

SBI bank and PNB bank is registered under companies act or not

Dear Professional.

Can any one help me with the following queries.

A Pvt Ltd company established in 2010 in New Delhi. However, a lot of projects are into the development segment and hence thought that it would be best to establish a separate entity as a Non profit enterprise u/s.Section 8of the Company's Act 2013.

My queries are as follows:

a) If we are to establish this type of enterprise from scratch what are the modalities involved in the same ?

b) Is Section 25 is the best type of company to establish for our kind of development related projects or are there other types of companies engaged in this kind of activtes.

c)We intend to raise funding from external investors/companies for our social enterprise projects to enable us to scale up fast and hire resources. Is this possible?

d) What are the main legalities involved for shareholders and employees of a Section 25 company?

e) In our case we have a Finnish national who intends to be a part of this company. What are the legalities involved with respect to a Finnish foreign national being a shareholder of the company?

f) Are there any salary restrictions or cap on the shareholders of the company?

g) Are there any salary restrictions etc on employees of the company?

h) Can bonuses be disbursed to employees and shareholders ? If yes, is there a cap on this too?

i) What are the timeframes of establishing this type of company from scratch?

Regards
Girish

As discussed with you about the bonus,you saw my salary breakdown it is very clear now that it is target bonus given to me by the company which depends on the company norms & not on the govt bonus rule. So as per my knowledge the company is not giving me the statutory bonus & do I am eligible for that ...so please reply this is very big issue as none of my colleagues is getting this bonus.

Are NBFC dealing in financing activities exempted from the applicability of section 186(11) of the Companies Act,2013?

Hello,

Sir, i want to know that whether companies act 2013 will be applicable on Auditor Report for Financial year 2013-14.

I have format of auditor report of companies act 1956 whether i need to amend the same or not?

a pvt. co wish to change its auditor although the present auditor has filed F-23 b on 23/11/2013 for the fy yr 2013-14.

can it possible to change the auditor for signing of B/S-2013-14 & onward (appoint Statutory Auditor from d year 2013-14) without approval of CG.