what is the depreciation rate for thermal power plant used for captive consumption by a textile company. please suggest.

Sir,

There exists a controversy between sec 185 of the new act & sec 372A of the old act. In case of loans from & to Pvt. Ltd companies, which sec shall prevail?

Whether a Pvt. company give loan to another Pvt. company in which wife of director of the 1st company is a director i.e in case director has interest in the 2nd company?

Whether explanatory statement under section 102 needs to be disclosed in the case of board meeting

Can a Director paid a expenses from his personal account on the behalf of the company and after that he will received the reimbursement from the company????????


if experts ans is No,,,then please give me some advice's, how i treat this transaction.

and

if experts ans is yes, then please tell me any compliance file to MCA regarding these transaction????

Dear Sir/Madam,

Kindly go through the following cases and advice me ASAP.
Case1: Mr. Rajeev is own & running a sole proprietorship firm CAP TECHNOLOGIES since the year 2006. It is having a Panchayath License only. The proprietor is having a PAN
Case2: Mr. Kumar wish to purchase CAP TECHNOLOGIES @ Rs. 5000 on 26/06/2014; to use it's existence, goodwill & experience from the year 2006. He have some work order in his mind - which requires past 5 years balance sheet of CAP TECHNOLOGIES.
Case3: Mr. Kumar wish to transform this CAP TECHNOLOGIES into a Private Limited Company under ROC India w.e.f. July 2014; with his friend Rakesh. Share capital ratio among Kumar & Rakesh is 99:1 = 100%.

Kindly advice me on:
1)Take over of an existing sole proprietorship. If Kumar make the purchase, did the entity loss its existence & previous financial history. Whether Kumar needs to register it as a new one. Kumar prefers on the continuity of the proprietorship.
2) Tranformation of it into a company. In this case also, Kumar prefer the continuity of the Brand name.

Thanks and regards
Arun

Can a board meeting be held out of india as per the new companies act 2013

Hi,
I have a private limited co with three other directors. Now I want to quit from this business, I want to know how can i transfer the shares - option1 - Buy back by the co and share reduction, option2 - Selling my shares to other director. I want to know the price at which i can sell and the taxability in both the option in the hands of buyer and the seller.
Thanks

can AGM be held on sunday if a resolution is passed in which all the shareholders agree to the same .

In e-form INC 21, particulars of stamp duty payment has to be filled in clause 5. In case of private limited company, which amount has to be filled up the said column,ie., stamp duty paid at the time of incorporation or zero should be filled in.

Dear Learned Members,
Mr. A is a relative of a Director of a Private Company, PQR Pvt Ltd. Mr. A has given a loan of Rs. 1 Crore to the Company at different dates but all before 1st April, 2014. As per the Companies Act, 2013 all loans given by a Shareholder or a relative of a director to a Private Limited Company before 1st April, 2014 would now be treated as deposits and has to be repaid back within 1 year from the date of the commencement of the act (i.e., 1st April, 2014) or the due date of the loan whichever is earlier.

Mr. A is now appointed as a director of PQR Pvt Ltd (post 01.04.2014) and as a director gives a loan to the Company of Rs. 2 Crore by which the Company repay his amount of Rs. 1 croreback to him for the loans taken previously from him (now being treated as deposits).

Request you to guide me whether such arrangement is possible.

Thanks & Regards,
K C Palai