A company has not obtained RBI approval before commencement of NBFC business. Company is mainly trading in share for past 6 moths. Can it apply now and regularise non compliance?
I want to know whether a pvt ltd company can be a share holder in other pvt ltd company.Will the other answer be different if the directors in both company are same.
Thanks in advance
Rabnoor Singh Khanna
Sir,
I want to know whether payment made to State Electricity Board in cash exceeding Rs.20,000/- will attract disallowance u/s 40A(3)?
Rule 6DD exempts pyt to Government
"where the payment is made to the Government and, under the rules framed by it, such payment is required to be made in legal tender;
Whether payt made to a Board controlled by State Govt. is covered by the above provision?
While preparing the books of accounts what should be the rate of depreciation to be used for the Plant and machinery and motor cars ?
Is it advisable to use the rate as specified in the income tax act ?
Query Regarding Form 67 (for Form 25A) :
The Form 25A was signed by the Secretary of the Company and due to defects or incompleteness, now we need to file Form 67.
Kindly let me know how many signatories to digitally sign the Form 67.
I noticed the relevant points in the Form 67 Help File that ‘This eForm should be digitally signed by the signatories as per the relevant eForm(s) in respect of which this addendum eForm is being filed. Please note there is no restriction that the same person who has signed the relevant eForm shall sign this eForm. This eForm can be signed by any of the relevant signatories’.
NOW, CAN I REQUEST THE CLIENT TO GO AS PER FORM 25A (I.E. ONE SIGNATORY IN THE CASE OF FORM 25A) SO THAT EITHER THE SECRETARY OF THE COMPANY OR THE DIRECTOR OF THE COMPANY SHALL DIGITALLY SIGN.
AS IN THE FORM 25A, THERE IS ONE SIGNATORY, I SHALL CONCLUDE THE FORM 67 ALSO IN THE SAME MANNER.
Kindly confirm my understanding is proper so that I can advise the client.
Thanks for the response.
we deals in reselling of scrap.we are asking that we should charged tcs to the seller?
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