Dear Members of CS Community

We have Company which has a Land of Rs. 3 cr. . We are planning to convert in LLP and then we want to wind up the LLP .

So can the money out of sell of Land be taken back by Partners without the Tax ?

Is there any LIMIT or Tax applicable on Partners remuneration in LLP ?

Wishing you earliest reply . To understand the business issue, requesting you to have a mgs or call at 9904478071/8000133307

Sir,

Our Company was incorporated on 09.01.2012 and the final accounts for the period from 09.01.2012 to 31.03.2013 have been prepared.

Our First AGM date was fixed on 30.09.2013 and accordingly Form 20B has been filed.

Due to some problem the Form 23AC & ACA has not been filed till date.

Now we came to know that there is a violation u/s 166 of the companies act, 1956.

Please suggest.

EXPERTS............
I WANTED TO KNOW WHETHER I VOILATE ANY LAW IF......

B/S SIGNED ON 11/7/2013

NOTICE OF AGM GIVEN ON 2/9/2013

& AGM HELD ON 30/9/2013.??????

PLZ RPLYYY

Dear Sir
I want to know that
If I want to appoint a person as a director in a company is it necessary that: -
first appoint him as a Additional Director and then appoint as director or
Can I appoint him direct as a director

Dear Experts

There is a Pvt Ltd Company. It has re-appointed its auditor XYZ & Co for the financial year 2012-13 on 25th September, 2012. On 1st November 2013 i.e. today Pvt Ltd wants to appoint XYZ & Co as auditors for same financial year i.e. 2012-13 and remove ABC & Co. ABC & Co is not providing resignation.

What are the Options available with the current auditor and the pvt ltd company in this scenario as the due for filing of income tax return , AGM and audit for financial year 2012-13 has expired?

Thanks & Regards
Ankit Sehra

I have one query under section 372A, One public company wants to provide loan to another company, but as per last audited balance sheet, company suffer losses and have debit balance in profit & loss account. Now my query is: For calculation of free reserves limits as per section 372A of the Act whether the losses in the profit and loss account need to be deducted or not. As per my understanding free reserves means those reserves which (as per the latest audited balance sheet), are free for distribution as dividend and hence debit balance in profit&loss account will not consider.

Please correct me, if i m wrong. I seek your valued suggestion on the above mentioned query.

Regards, CA Ashish Agarwal

A company paid to a landlord a sum of money for example 10 lakh to purchase his land. After few years dispute arise and repaid the advance with interest and compensation for example 15 lakhs.
how it should be accounted it in compliance with Revised Schedule?

pls tell in Form 32 categories - Promoter, Professional and Independent are there and whether Chairman, executive or non executive director is there.. how we can know whether the director to be appointed falls in which category as nothing is mentioned in the resolution appointing them as director?



thanks in advance to learned members

Hi,

If any company has not filed Form 20B, 23AC & 23ACA for FY: 11-12 (As SRN of old CA filing 23B is not available). Can it file above forms for FY: 12-13 first and then later (after some days) on for FY: 11-12.

Pl. can anyone guide for the above?

my elder brother want to open a new pvt. ltd. company having only one director n he is going to open a pharma marketing co. which deal in puchase medical product like tablet syrup drop or ingections etc. and market these product by his co. so tell me the procedure to register this co. and give me an estimate of the expenses while registration process n commencement of the company