My doubt is - can a company pass a board resolution to give effect conversion of convertible pref shares into equity with RETROSPECTIVE EFFECT ? Say due for conversion was 10/05/2013, but board thinks on 10/09/2013 to give effect the same from 10/07/2013.

Kindly help. Thank You.

Can Anyone tell me what will be the legal consequences when a company engages itself in business which is not mentioned in its main objects, incidental or other objects in MOA

Is it ultra vires? If yes..then what are the legal effects and penalties for the same?

Dear All,

Can any one explain me if we are paying money for purchase of Computer Software & for Software Customization which section apply for TDS Deduction

Section 194 J Professional 10 % rate
OR
Section 194 C Contractor


Regards
Karan Khurana

Hey all,

What would be the accounting entries normally passed if salary is not directly credited and debited to the respective employee's a/c- that is bulk salary due and payment entries for all employees?

(a)Mr.k,who is a relative of one of the directors,is to bn appointed as the managing director ona monthly salary of 80000 plus othe perquisites applicable to othe executives of the company (b)Miss N,a relative of a director ,is to be appionted as chief public relations officer on a salary of 65000/pm (c)Mr.W,a relative of a director,is to be appointed as CEO on a consolidated salary of 255000 /pm i need your advice for the all above mentioned curcumstances.please provide me applicability and requirements of section 314 of companies Act

If a security service is provided by Govt to Mukesh Ambani.. will it be liable to service tax ..

in other words am having doubt regarding business entity meaning under service tax.. does it include individual..

if there is any notification on such issue, then please let me know..

If a Director holds 86% of the shares in the Holding company (Public Company) and the same Director holds 2.6% shares in its Subsidiary company (Private Company), does the Director become the major shareholder of the subsidiary company? What are its implications on the subsidiary company?

Dear All

Pls help me out regarding industrail training.m pursuing 2nd year of my articleship and want to join industrial training but only in taxation related field... pls suggest me any industry which i can join and get more exposure in taxation field.....

Pls reply

Dear All

Pls help me out regarding industrail training.m pursuing 2nd year of my articleship and want to join industrial training but only in taxation related field... pls suggest me any industry which i can join and get more exposure in taxation field.....

Pls reply

Section 44AA mandates certain kinds of assessee to maintain books of Account but what if assessee does not cover under that certain kinds of assessee & he is under tax audit as per sec.44AD or AAAB as the case may be still he is require to maintain books of A/c as per Sec.44AA ? My question is based on clause 9 of Tax audit report whether I should report yes to all the clients or only to selected clients who are under gambit of certain kinds of assessee.