Can a MD / CEO serve on the board of other companies as well? If yes, is there a limit on the number of companies?

Can a former CEO/MD join on the board of the company?

Is it mandatory for the CEO/MD and Chairman to be different individuals? If yes, as per which section / guidelines?

Thanks

I have purchased flat in F.y 2012-13 but not getting the possession before march. I have paid stamp duty & registration charges in F.y 2012-13 & also my regular housing loan EMI started from Feb 13 can I calim both i.e stamp duty & registration charges & regular EMI for Income Tax purpsoe. Also if the pre emi interest is charged by bank in F.y 2012-13 & the possession will get after March 13 can i claim the interest beneift in F.Y 2012-13 pls guide

Dear All,

This is srinivasan, I am working in private company in finance department.

Query :

If we supply our finished products to EOU/SEZ units.

Whether we can eligible to claim the draw back? or not.

If yes please let me know what are all the procedure/form i have to follow.

As per notification dtd 22-09-11 draw back can be claimed....

regards,
Srinivasan.R

Sir,

I have started new company under the partnership firm. I am registered in partnership deed as per rule. now i want to change managing partner. before that two partners both are equal partner. now i need to change managing partner. can you guide for me please

Regards

Dear sir,

please clarify the following,

is the income derived from cold chain facilities exempt under any section at present.

Sir,is there any mandatory rule that cs executive students after passing executive program should mandatorily complete cs article ship and then register for cs professional programme? Or can do articleship after completion of both executive and professional programe?please guide me as per latest notifications if any given by icsi.

Hi,

At my native place a old house which is own by my father. For reconstruction of this house I take a personal loan from bank of rs. 5,00,000/- against salary for which no property was kept as security with bank.
My query is that can i claim deduction on my personal loan repayment installment including interest u/s 24(b) & principal u/s 80c.

pl solve my query & help me.

Regards,

Amit

My nephew ran a factory before few years and had taken a hypothication loan for his machinery. My dad became a guarantor in this loan. Over the time things didn't go well and my nephew sold off all the hypothicated machinery. Also his condition is pretty bad and he doesn't have any property in his name as well.

Now the bankers are pressurizing my dad to pay the loan or else they will get attachment on our properties and auction it off.

Some of the points to ponder in the matter are:

1) Since the hypothication was done on movable goods, bank officials should visit the site regularly and see the hypothicated goods are in order. If any fraud is found they should file a complaint with police.

Even after 5 years of sale of the hypothicated goods, bank has still not given any complaint to police.

2) The properties that my dad has are
a) My house which is actually in name of my dad's HUF, my mom, myself and my wife are other members of HUF
b) My factory which infact is run in a rented shed.
c) Machinery of my factory. My factory is Proprietorship firm and my dad is the Proprietor.


=================

Since the bankers have not complained to police I believe that some of the officials were corrupt and didn't let the facts to surface. Can my dad be released out of his guarantor liability since it were the bank officials who didn't follow the procedure at the right time and my nephew got chance to sell off his factory as well.

Can bank get attachment on my house (HUF Property)? We do not have any other residential property.

Since it is internal matter, can I sell off all the machinery in name of my father's company to another company which is in my name?

Dear Sirs & Friends,

Please give me tips to save income tax of a firm, Thanks to all in advance.

Best Regards,
Yajuvendra Rawat

I would like to do my industrial training in standard chartered bank, scope intl, chennai...please tell me how to proceed and whome to contact as soon as posible.
Thankyou