One of our client recently got paid up capital increased to 5 Crores and due to this ROC has sent Show cause notice to all the directors why they have not appointed full time company secretary in company"

Now we are planing to buy back some equity so that paid up capital goes down below the 5 Cr. threshold. Then what is the procedure of buyback by the pvt. ltd.
We increased capital just 2 months ago.

And 2nd question is how to deal with Show cause notice received from ROC. Pls suggest its urgent

who has the power to cancel companies forms (form 32 , 20b &18) which was filed by making forged documents?
if authorised person does not cancel these forms then where appeal can be filled?
and what will be punishment of these authorised person as per companies act,2013?

Dear,
Please tell me if a company can take input tax credit of DVAT paid where name of the company is slightly different (correct name-Abc ltd., wrong name Abc foods ltd) although TIN number is correct.Comments invited. Thanks for considering.

i failed my nov 2015 exams...kindly guide me with change in syllabus subject wise applicable to me as a repeater.

sir,
Am an Individual filing the income tax returns from AY-11-12, am doing online trading, purchase and sale of shares for the AY-13-14 my total purchase of listed shares is Rs.5,96,48,819.31 and my total sales is Rs. 5,94,54,807.73, for which i have got loss of Rs. 1,96,454.38, now i have got a notice from IT Dep that Pleas file the income tax returns for AY-13-14, by giving the transaction details in Share Market


pleas suggest me that under which head should the above has to be shone, whether it is treated as income under the head PGBP or short term Capital Gains


whether the above is treated as business?
whether it is liable to Tax Audit?



pleas give the valuable suggestions

thanking you .............

An employee is allotted salary of Rs: 50000 p.m. in Basic, HRA, Education allowance, Hostel Allowance, Personal Development allowance. my question is upto what % can i distribute amount amongst them as per rule?

thanks......

We have two partnership firm and want to convert into private limited. Firm have four partners.

Section 174 of Companies Act , 2013 says that if Board Meeting can not be held for want of Quorum then that meeting shall automatically stand adjourned next week, same time & place but how much time for waiting of Quorum to present in Board Meeting or how much time directors should wait for quorum to adjourn the meeting ??

I got registered in CA Final on 24th Feb, 2011. I want to appear CA fInal in May, 2016. Therefore i would like to know whether i need to apply for revalidation so as to be able to appear for May, 2016 examination?


Please help me.

Sir

We have a client in UP and supplier is in Bangalore. Client will issue a Form 38 and form C to us.
Can we make this E1 sale if I purchase from bangalore against form C at 2% and use clients road permit. I will raise a invoice from UP to my client (in UP) and ask for a C form and a E1 form from my supplier. So I wont pay ny tax in UP. Is this possible??