CA.Sachin S Parnatti
15 June 2014 at 06:30

Company formation

Dear All,

Can you help me with the latest company formation procedures as per the company act 2013.

Regards
Sachin



Anonymous
15 June 2014 at 06:27

Company incorporation

I have submitted the all three forms for incorporation but received big mail for amendment as below.
2.INC-8 is not stamped 6. in MOA sl. NO must be in numbercials, it must be as per Table "A" in MOA//aOA phtos not enclosed , AOA must be according to table "F" the word "to be filled in hand written
WITNESS, PHOTOS NOT SCANNED. ALL DECLARATIONS TO BE MADE ON STAMP PAPERS. MOA AND AOA ARE NOT AS PER TABLE 'A' AND 'F', SUBSCRIBERS' SHEETS TO BE DULY VERIFIED. AOA TO CONTAIN DEFINITION OF PRIVATE COMPANY, AUTHORISED CAPITAL AND DIRECTOR'S NAMES
Rule 16(1) (a) not complied with (photo on MOA &AOA ii)Witness may comply with Rule 13(1) of Companies incorporation rules,.2014. INC-8 not on a stamp paper. INC-10 seal of the notory is not clear. All the scanned copies to be self attested. IN AOA the definition of the private limited clause not furnished. Intial capital of the com. is not reflected. The first directors of the com. not mentioned. The articles relating to one person com. may be deleted. In the winding up clause the word Chapter XX may be deleted. MOA not filed. The promoters to rectify the same in one go since only one RSUB chance is allowed now

please suggest me how to proceed with the same

Regards



Anonymous
15 June 2014 at 02:28

Ca final

Respected Experts,

I'm a Final Student, my exams are due in November 2014.

Now Hardly 130 days are left before exams.

My Preparations Level is 0%.

I have to pass this exam.

I'll give Grp 1st only in my 1st attempt.

There comes a little fear about SFM & Financial Reporting in my mind after listening to many views of CA Students about its difficulty.

I have Sridhar Book for SFM , whose physique and language also scaring me a little bit. Plus i don't have any Book or any notes for Financial Reporting. Also I haven't attended any Coaching for a Single Day.

Is Sfm & FR really difficult?
Should I purchase any other book for SFM?
Are 130 days too short to crack Grp 1?


ashish kumar dwivedi
15 June 2014 at 01:39

Section 64(i)(iv)

Original Situation

Mr.A in taxable limit . he transfer Rs 10,00,000/-( According to section 56 (2) vii any sum of money received from relative is exempt) to his wife fixed deposit bank account. During the year Mrs A earn interest of Rs 80,0000/- .Mrs. A has no other income
Mr A want to save himself from clubbing provision.

Suggestion
Mrs. A make a loan agreement of Rs.10,00,000/-(in non judicial stamp paper) with Mr A on 1.4.2013. According to agreement Mrs. A pay interest on such loan (at year end) to Mr. A @ 0.1% .so this arrangement can not to be said as gift. Mrs. A make his B/s and profit and loss a/c in following manner.


Balance sheet of MRS A (Proprietor)
(for the year ended 31.03.14)

Loan from Mr. A 10,00,000/-

Investment
Fixed deposit in SBI
Fixed deposit in CBI
5,00,000/-
5,00,000/-


Profit and loss a/c
(for the year ended 31.03.2014)
To interest paid to Mr A @ 0.1% 1000/-


To net profit 79,000/-




By interest received from
SBI 40,000/-
CBI 40,000/-





Please tell me whether the above agreement of loan between Mr. A and Mrs. A is said to be “adequate consideration”?

Can Mr. A save himself from section 64(i)(iv). ? Whether this type of tax planning is possible. If not than what is best alternative.


VINOD K. BAJIYA

tell me about bond washing transaction


Anik Sen
15 June 2014 at 00:18

Capitalisation of expenses

SUPPOSE A TRAILER HIRING COMPANY SPENDS RS. 2,00,000/- OR MORE IN REPLACING THERE TYRE OF THE TRAILERS CAN IT BE CAPITALISED ON THAT PARTICULAR TRAILER


ANONYMOUS
14 June 2014 at 23:47

Coaching for sfm

can anybody tell me how is rajeev singh( from ETEN ) as a teacher for SFM in terms conceptual clarity



Anonymous
14 June 2014 at 23:14

Ipcc november 2014

I am a C.A.IPCC student,I completed C.P.T in 2012,but discontinued IPCC due to some reasons,I want to continue it again,can you please advise me whether I should join coaching classes again or study at home myself for November 2014 attempt and do i require registration also??


mukesh goswami
14 June 2014 at 23:08

Tds u/s 194c /194j

one of my client who is a power sector company makes payment to a professional body for carrying on charitable event.logo &banner of company was used in the event.servicetax on sponsorship services @12.36%was deposited under reverse charge.advice tds to be deducted u/s 194c or 194j.



Anonymous

after submission of all required data for renewal of cc , what is the validity of time for renewal of cc account by rbi ? is each bank follows or applicablity of renewal is different ? pl enlighten on it ?





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