For the purpose of authorisation to MD under provision of section 292 of companies act, 1956, a company can specify percentage of share capital and reserves or it has to specify a certain amount.

Eg. It can be written in resolution paased at Board Meeting:-

MD of the company is authorised to give loan to other company to the extent of 100% of paid share capital or 60% of Paid up share capital and reserves whichever higher. Further 70% of such amount can be given as business Loan and other 30% as other loan. Maximum amount can be outstanding at a time should not exceed 10% of total amount.

Dear Sir,

I am B.com and i have 5 yrs experience in Accounts and i want to enhance my qualification,I need your valuable suggestion for me, Which will be good for me. M.COM or MBA

With Regards,
Jitendra Giri
9801315932
9122500626

so its better na not going for coaching. sir actually I have bought s.d bala and sridhar. I know both author are good but shridhar's formula is too much difficult and and in bala's book there are many mistakes in example. some one told me about rastogi. hows that ?

sir after completion of exam what is best ? to go for coaching ya self study because I have done accounts, law and half audit and half sfm and I quit from exam due to sfm only. I have some doubts in forex and derivative.

Dear Team
I have opened a PPF account in my wife name in state bank of india of monthly deducation of Rs 2000/-, is a housewife. I want to tax benefit of ppf amount of my wifes yearly contribution is Rs 24000/- per annum. can is possible to tax benefit of PPF aacount is wife name in 80 c.
kindly clarify the same

I wanted to know how much I have already paid The ICAI.
Actually I forgot how much I paid for CA-IPCC
registration, i.e. whether I paid for article-ship along with it or not.

Dear All,

Please tele me details of ER1 and ER 6 of Excise Return and give me format of report
and preparation of AER1 and AER3A Meaning and format

sir i wants to know the best notes for prepare sfm for final.

How should I answer for the question of ...."distinguish between the following" whether to give it paragraph wise or not?

Is income from agricultural activities on a diverted land (diverted for industrial use) exempt under Income Tax Act or is it taxable under the head "Income from Other Sources"? Any case laws on the same?