Our company is Non-Banking Finance Company. WE received RBI notice for Board resolution for accepting the KYC norms

Please send me the format for Board Resolution for accepting the KYC(Know Your Customer)policy as prescribed under our circular DNBS(PD) CC 48 dated February,21, 2005

A partnership firm cannot become a member in a company.It can be a member in a sec 25 company?? Wat is objective behind this ???

i was reading AS-17 semgent reporting and and i could not understand the following sentence.
Interest is allowed as an expenses to reportable segment if segment is engaged in financial operations.

what is the meaning of fiancial operations ?

Is there any limit for the remuneration of directors of a pvt co.? I am the director of a pvt ltd co. The Co.s profit before my remuneration is Rs.5,00,000/-. I demanded a remuneration package of Rs.6,00,000/-p.a. But my legal solicitor rejected it saying that my remuneration will lead to a loss picture not acceptable by IT Act and also that a ceiling has been fixed by the Co.s Act. I also came to know from my friends that this limit is not applicable for a pvt ltd co. Can anyone clarify me that whether i could draw excess remuneration than the profits? Whether this will be accepted by IT authorities and MCA authorities?

How Revenu Recognise in folloeing conditione

1> Land own by builder and developed by him
2> Land own by other's and developed by builder.

in above bothe case how revenu recognised in case such building are sold by builder in such a case what accounting stander followed. and method of accounting

reply as soon as eraly possible

thank's

R/Sir
While filling form 56 D for claiming exmeption u/s10(23D)
Which year is to be mentioned whether Financial Year or A.Y for which exemption is sort ti be claimed??

If a compnay is selling its fixed asset whether vat will be applicable on such sale, particularly sale of motor vehicle.

I have got an offer from Sandmartin for articleship. Should I join it or wait as other offers are in pipeline??

A public limited company want to have a new company as Subsidiary. What all exemptions & benefits the parent earn by having a subsidiary. If no benefit of a subsidiary then will it be legally beneficial to set up a new company with same MD & Directors?

A Company wish to gift a car to a consultant apart from the agreed fee, as he helped them in acheiving financial closure of a project in quick time. whether TDS provisions are applicable in case of gift of car. if yes, which section/case law deals with this?

please help me out