Question: - Co. X. a Public limited company entered into a contract for purchasing 25 flats with private limited company (Co.Y) having two common directors in between these two cos. Against above contract Co. X had given advance of Rs. 7500000/- to Co. Y. Would above transaction covered under any provision of the company’s act? Please explain us.

A company has entered into various raw material purchase contracts with suppliers for next 5 years. On 31 March 08 it is noticed that the contract value is much higher than the current market prices .

Are there any disclosures to be made in notes to accounts for the FY 2007-08?

If yes, please quote the relevant Accounting Standard.

Thanks

Dear ALl,
I have an important query .

If we redeem a compulsorily convertible preference shares (in to equity) ,.because of mututal adjustment with the Prefernce shareholder is it contravantion of companies Act..(the issuing company is pure private limited company)..

Responses are solicited urgently....

Dear ALl,
I have an important query .

If we redeem a compulsorily convertible preference shares (in to equity) ,.because of mututal adjustment with the Prefernce shareholder is it contravantion of companies Act..(the issuing company is pure private limited company)..

Responses are solicited urgently....

Dear ALl,
I have an important query .

If we redeem a compulsorily convertible preference shares (in to equity) ,.because of mututal adjustment with the Prefernce shareholder is it contravantion of companies Act..(the issuing company is pure private limited company)..

Responses are solicited urgently....

I am working in a company and I resigned my job.The HR persons asked me to go on long leave to pursue Articleship. Is it any violation of ICAI rules? Please suggest me what to do?

Respected sir,
i am having aquery regarding the service tax,

my company is engaged in trading & we are having Multi brand outlets in various cities.we are paying the rent to our tenant with service tax. with above i wanted to know that
1) if i am providing some space in my MBO to other brand for sale & if i am charging them the rent, whether on that rent of subletting we are liable to pay service tax or not??
2)can i get the set-off against the service tax paid or service tax recievable???
3)also in above situation if we agreed with the party that insted of rent we will treat as a fixed expenses given by you + commission in our books, then in that case is the service tax applicable.
please guide me for the same.

I need the defination of Staff welfare expenses & which expenses can be considered as Staff Welfare Expenses?

Dear all
This time our company (proprietorship firm & SSI unit) made turnover of Rs.148 lakhs in this 30 Lakhs Items are With Material Sales & remaining is the Labor Job work (party send their material and we return back the same after machining).

I wants to take excise registration looking to 2008-09 year business
confirmation from our customers. And we wants to apply for registration during Apr'08.

Now I have certain material which is remain with us and is going to dispatch in Apr.'08 after inspection of the material. This material I will sold to cusotmer with charging tax.

Now my question is if I got excise registration during May'08. then what
about the material which I sold before excise registration, weather I have to collect Excise amount from those customers OR excise will applicable after the date of Registration Certificate.

Regards

Tarun T Patel

Hi Sir / Madam

I have some cofusion regarding the limit of basic salary (+DA) while deducting the PF from employee's salary And at the time of bonus payment.
Somebody told me that if employee's salary + DA is less than Rs 10000/- then deduction of PF & payment of bonus (bonus at least 8.33% of basic salary) is mandatory or if basic salary is more than Rs 10000/- then it is totally depends upon co.
I want to know that, the limit of basic salary is changed by Rs 6500/- to Rs 10000/- or not?
And this limit is also applicable for bonus or not?

Please reply Me.

Regards
Anil