As per Listing Agreement half of board should consist of independent director.

As per recent circular issued by MCA
Non executive/Non independent director
( being appointed by Bank for loan taken by company ) shall not be considered as independent director.

Now my query is for composition(half of the board) of ID at time of appointing independent director, Non executive /Non independent should be taken in account

for example
Board consists of 8 members

2 Members (MD and Non executive directors)- Promoters

1 Members- ID

Balance 5 Members- Non Independent directors being appointed by bank in the board for loan taken by company)

In this situation whether existing ONE ID is enough in the board as ID ( as per Listing agreement )

or

Existing one ID +3 ID members to be appointed in the board as ID (8 -half of board)

or

Existing one ID + 5 to be appointed in the board as ID (Existing 8 +4 New ID- half of board)

kindly suggest suitable solution for the above.

If one forgets to do the tax audit for the FY 2012-13. then can CA do the audit for that year in current date.

if yes the what is the extra notes or qualification to put in the report.

Dear All,

One of my Client wants to appoint a statutory Auditor of the year financial year 2011-12. What is the procedure to intimate the RoC..

Thanking you in anticipation.

Regards,

Abhishek

Dear Sir,
I am working with a MNC. Let me know how can I fill rent amount I paid in IT return (8GG). When I am filling this area the amount is showing maximum Rs.24,000/- only. Actually I paid nearly 1,62,000/- per year.

Dear Sir,

Can deduction of 80TTA is allowed even when there is loss under the head of Income from Other Sources ?

Dear Experts I have paid Rs.87380/- (single Bill) to printers who make flex banners in the name of mine. The Bill details is here below; PVC Materials 44000.00
Vat @ 14.5% 6380.00
Labour & Transport 37000.00
Total ---------
87,380.00
--------------------------------

My query is whether I have deduct TDS for Full Bill Value or only portion of Labour & Transport i.e., Rs.37,000/- Please advise in this regard. Thanks in Advance.

which form is to be filled for cancellation of vat registration under central sales tax if i am registered under delhi vat act.

please tell me

Dear Sir,
Company having more than 10Lakh turnover in Previous Financial year paid to Advocate Rs. 90,000/- in current year. Company already registered two Service Categories Renting of Immovable Property and Repair& Maintenance. My question is Company will have apply New Registration before paying Service tax Under Legal consultancy Services or Company will pay service tax without new registration. Please describe Process.

Thanks
Manish Singh
Accountant.

what is difference between body corporate and company????

Hello Everyone,

A person is a director in two companies. In a company he is preparing fake bills of other company and withdrawing the amount from the other company. What are the consequences in this situation? What is the relevant sections of the Companies Act, 2013 which is to be referred for ans of this querry.

Please reply urgently.