Can a person holding preference share/s be appointed as the statutory auditor of the company? Please provide reasons for your answer

According to Section 226(3)(e) a person who holds any security of the company cannot be appointed as the auditor where security has been defined as an instrument carrying voting rights. Now my question is

Whether a person holding preference share/s in a company can be appointed as the statutory auditor of the Company?

In my view a person holding preference share/s shall not be appointed as the statutory auditor since preference shares also carries voting rights in the matters affecting them. Moreover, if preference dividend is in arrears for a continuous period of two years in respect of cumulative preference shares, the holder will get a right to vote in the meetings in respect of all matters.

Is it compulsory for a partnership firm (The firm is subject to tax audit)to file its return electronically ? Or whether return filed manually would be accepted ?

A Company is in the business of letting of property for commercial use.A relative of one of the Director intends to start a trading business at one of the properties owned by the Company and pay rent as a percentage of turnover.Can the Company avoid service tax libility by accepting rent as a percentage of turnover ? What about the TDS implications ?

Present UPA government fails to bring any major reform which can further accelerate the growth rate of Indian Economy . So can our Present high growth rate be sustainable in long term ?Can we dream to achieve double digit growth rate Like china?

how to distinguish between 194C &194J while deducting tds on advertisement?refer some cases & web site to explore more.

Can hotel industry eligible for claiming additional depreciation under IT act

sir i need check list of hotel industries

Sir,

I have purchase property for Rs. 5 Lac in Nov'2000, Today the market value of property is Rs.20 lac. At Present I am residing on Rental basis in Delhi.

Now, would like to sell the property and the same amount will not to be invested in other Property.

I want to know that I am liable to pay capital gain from the property or its exempt from tax.

Pls give me your valuable advice.

Regards

Baljinder Singh

Hello Everybody

I am Balaji working in Muscat for the past 1.5 yrs
I am also doing my CA Final & going to appear in this Nov 07.
Is that possible to come back to India now for settle in India or i must come after completing my CA.
If it is possible to settle in India now
can any one help me in this regard

Thanks & Regards

Balaji Sarangarajan