SIR
PLZ tell me about applicability of Audit to pvt. ltd. , its based on limit or any other conditions???? , suggest me when to do audit report?

Our client's company has four non-executive directors since the time of formation of the company . The work of the company and its directors has increased immensely and thus the board of directors have decided to pay monthly remuneration to all of the four directors . Articles of Associations of the company is silent about the remuneration part .
TDS on this remuneration is being deducted on monthly basis .
Query 1 : Whether it is necessary to alter the Articles of Association to include the remuneration clause whereas the board of directors have already passed the ordinary resolution in the board meeting before giving the remuneration ?
Query 2 : Whether it is compulsary to ammend Form No.32 by making them non-executive to executive directors and what is the procedure to ammend the Form no.32 ?
Query 3 : Whether there is any problem if after making the payment/provision of salary , the profit of the company will be in negative ?

SIR I HAVE COMPLETED MY CA IN THIS NOV 2012 AND NOW I AM WORKING IN CA FIRM SO PLEASE TELL ME ABOUT MY STATUS (JOB OR PRACTICE ), AND CAN I HOLD COP AND SIGN THE AUDIT REPORTS AND DO OTHER ATTESTTATION FUNCTIONS?

PLEASE REPLY SOON

Hello,
I have taken a housing loan last year and the construction is also completed during last year itself. Now the question is what is the treatment given to the interest for last year? Prior period interest or current year interest?

Note. EMI started immediately after loan sanction.

This doubt is in reference with Amalgamation and Treatment of Reserves, specifically while calculating purchase consideration pooling of interest method.

Issue:

When two companies amalgamate and we follow 'Pooling Interest Method', the difference between the amt recorded as share capital issued (by transferee)and share capital of transferor company is adjusted against the reserves available.

Doubt:

> What if the reserves are too less to adjust the difference amount?
> In which account head we should show 'Negative Reserve' (since we can't create 'Goodwill' under pooling of interest method)

Thanks.
-Shagun Borgaonkar

ANY BODY PROVTDE NAHATA ACADEMY CA FINAL DT AMENDMENT &CASE LAWS.



URGENT.

Dear Experts,
My client is a co-operative service society registered under C-Op. Societies Act. Last year on 1st July'2012 we had applied for Service Tax Reg. under the category "Other than in Negative List".
The major activity of the society is collecting Maint. Income and accordingly utilizing the funds on the repairs and maintenance of the building and Lift, etc.
Apart from this, it also collects Parking Fees from Visitors and Other Non-members.

Now since there is a need for amendment in the same... Please advise under which category can we amend the services of the society ? Also, IS SERVICE TAX ACTUALLY LIABLE WHEN COLLECTION FROM NON-MEMBERS IS BELOW Rs. 9,00,000/- ???

Sir,
my query is about the applicability of Alternate Minimum Tax on Individuals & HUF.
is it applicable on above if yes then kindly give me the complete clarification on Such above matter and also give the Circular OR Notification no. link for Verification.

Thanks

Hello Everyone,

Please Please consider this is an very urgent query.... please reply me fast.

I have client who wants 4 members to be the promoters of the company and the same promoters will be directors, but one of the promoter does not have PAN No. so I could not obtain DIN No. I will add him as an additional director once I obtain DIN No. for him.

But my question is how many promoters details do I need to enter in Form 1 and how may promoters details do I need to obtain on the last page of MOA and AOA

Can I enter 3 Promoters details on Form 1 and get 4 Promoters details & Signature on last page of MOA and AOA

This is an Private Limited Company.

Please please its very urgent.....

Where do we show the following in balance sheet as per revised schedule VI.

"encashment of employees earned leave encashment payable on retirement"


My viewpoint:
'employees earned leave encashment payable on retirement' will be shown in long term provisions under non current liabilities.

But as the word "encashment of" is prefixed before the above, it should not be shown in the balance sheet.

This question is from CBSE examination 2013, set 3.