Whether expenses on further issue of shares will be covered under this section and deduction of expenses will be allowed in 5 years. I have heard about any notification which says that exp. on further issue of share capital will not be allowed deduction they will be treated as capital exp. only. please refer me if u have some information about that.


Thanks


Gaurav Goyal

A company is appointing its 1 new Director. This new proposed director does not own DIN. Now is it mandatory to fill DIN of the person while filing form 32 or company can first file form 32 and thereafter apply for DIN.?
Will it require some board resolution to appoint the director?

Where a new company is being incorporated-Is is possible to have protection rights to initial promoter for e.g. Chairman / Director for life. etc.?
(Since the chairman is appointed every 5 years)

Dear All,

I cleared Ist group CA Final in the last attempt and couldn reach the examiners expectation in the IInd group and got failed. I am very much worried about cost management(theory part only) and MICS. Can any one help me out by providing some good notes(uploading the file in this website) for cost management theory and MICS theory.

Thanks a lot!

1. what is meant by the cost of acquisition of the shares?
2. why is nominal value of the shares, debentures always Rs.10/- or Rs.100/-?

Dear sir

I want to enquire about religious trust.
It was established in 2004 but did not got registered at the time of establishment. Trust purchased land and made payment from account of member as they do not have account in the name of trust.So i want to know about the accounting treatment. can i credit that personal account.

Kindly help me regarding its accounting treatment

If a auditor is appointed by the company and with in 30 days of appointment the auditor has to intimate to ROC and company as per the companies act 1956 but if the auditor not intimate the same neither to the company nor to the ROC then what will happen to the appointment is this void or not and further i want to know that can central govt can appoint the auditor.
The company is a public company what will happen if the auditor does not intimate to the ROC with in 30 days as the time prescribed under law

Dear All

Kindly tell me the method of accounting of derivative. Should we account the purchase and sale transactions of derivatives or the gain or loss arising on sale or purchase of derivatives?

If we are required to account only the gain or loss on sale of derivatives, then how can we determine the tax audit is applicable or not for derivative transactions?

Kindly throw some light on the same.

Regards
Suparna K S

HI. I AM A CA FINAL STUDENT. I APPEARED FOR MY EXAMS THIS JUNE BUT DIDNOT CLEAR MY 2ND GRP DUE TO COSTING. HOW TO PREPARE WELL IN THIS SUBJECT SO THAT I CAN CLEAR THIS TIME. I FACED TIME MANAGEMENT PROBLEM WHILE APPEARING IN MY EXAMS THIS JUNE. HOW CAN I OVERCOME IT?

If Santro Car purchased for business purpose in the period 01.01.09-31.03.09 eligible for 50% depreciation?
Since the asset is used for less than 180days, whether only 25% depreciation is allowed or 50%?
And what is the depreciation rate for that vehicle for subsequent assessment years?