The facts are as under:

1. I am the auditor of X Pvt. Ltd., who has pledged certain investments (shares in listed company) owned by it, to secure the debt take by its sister concern A Limited.

2. A Limited defaulted, consequently the lender of A Ltd. sold off the investments belonging to X Private Limited to recover its part debit.

The Query is:

1. What treatment should X Pvt. Ltd. give in its books and why? that is should is show as Sale of Investment or continue to show investment.

2. At what price should X Pvt. Ltd. show sale of investment (it also do not have the details as to the price at which the lender of A Limited has sold the investments)

Thank You

Can a private limited company has its main objects as trading in shares? whether it is considered as NBFC? Does it require any specific santion / capital requirements before commencement? Or else the treatment is same as any other private limited company?

How many total exams do we have to give in pcc exam......

Dear experts,

My attempt of Final is in Nov. 2010. My query is which subjects should start preparing now? Is studying IDT now is waste of time as I came to Know that paper is based on amendments?? Pls guide

Thanks

my mother takes tution on science at home .is she required to collect the service tax and deposit the same to govt.is there any regulation for the same.

What r the other legal requirements to be carried out after incorporation of pvt co
i.e.

what all documents need to be filed with ROC? eg DIN etc
( i also want to know the procedure of allocating distinctive numbers to shares and other things related to it)

Dear Members Please Clarify.

There is a company called Mangal Murthi Auto Links India Limited. This company collects Rs.81,779/- as deposit and provides Rs.5,200/- every month through post-dated cheques amunting to Rs.1,87,200/- they also pay another Rs.25,000/- at the end of 36 months. This is a total amount of Rs.2,12,200/-.

They say they are in this business for the past 7 years. I am here in proviving the website details and the scheme details.

They have opened a branch in Hyderabad for the past 6 months. Can any one please provide more proof FOR or AGAINST this scheme. Is it safe to invest in this scheme. Has any one know to you lost or gained from this scheme.

Can you also let me know who to eveluate such schemes.

Is there any government agency/branch/department that scrutinizes such schemes.

Please respond.

http://www.mangalmurtiautolink.com/index.htm
http://www.mangalmurtiautolink.com/schemes2.htm
Thanking you in advance.

Kindly let me know the NIC & ITC Codes for these items – 1. Hybrid Sunflower Seeds-Conditioning. 2. Hybrid Corn Seeds-Conditioning. 3. Hybrid Pearl Millet Seeds-Conditioning. 4. Hybrid Vegetable Seeds-Conditioning. 5. Hybrid Cotton Seeds-Conditioning. Thanks.

Dear members

Can any body tell me what is nifty and sensex??
How can we say that market is low Or high by looking on sensex and nifty??

i want actualy basic knowledge about market as i m a student of ICWA-Final, and there is a subject Capital market analysis so that i need that one....

If I file my return with out Digital Signature then I liable to post my ITR-V. I am correct or not. Pls reply me.
Thanking You.