As per Section 56(2)(viib) “where a company, not being a company in which the public are substantially interested, receives, in any previous year, from any person being a resident, any consideration for issue of shares that exceeds the face value of such shares, the aggregate consideration received for such shares as exceeds the fair market value of the shares……”

Does “consideration” in above case include consideration other than in cash? That is in case of takeover of sole proprietorship by a company, where shares are issued at premium in consideration for its assets and liabilities taken over.
- Riddhi Shah

Is there any software which will directly accept a file or bank statement file, automatically for. A profit & loss / audit report. Pls advice

How do i deal with a machine brought under Ata carnet and was sold subsequently. How do i pay the customs duty???pls advice

Please, provide me a draft of letter of appointment of auditor, and letter of acceptance by auditor and certificate to be given by auditor for such appointment



Thanks in advance

RESPECTED SIR,
PLEASE GIVE SUGGESTION HOW TO PREPARE MINUTES BOOK OF BOARD MEETING. MY CONCEPT IS NOT CLEAR REGARDING FOLLOWING THINGS:
1. QUORUM
2. LEAVE OF ABSENCE OF DIRECTOR
3.GAP BETWEEN TWO BOARD MEETINGS
4. ATTENDANCE REGISTER OF DIRECTORS MEETING HOW MANY DIRECTOR SHOULD BE PRESENT IN MEETING?
QUORUM RULE?
PLEASE SUGGEST ME SIR?

What is the journal entries of RTgs made to Xyz ltd

sir
i am shantanu appearing in ipcc from direct scheme,
actually i have quarries of articleship commencement date, i had submitted the form 102 & 103 to icai, due to problem i missed the submition of itt & orientation certificate .
orientation complete date 10/2/2013 & itt complete date 21/6/2013.
form 102 & 103 submitted date 23/3/2013 and commencement date as per filled in the form 15/3/2013 but icai given the date of articleship registration 22/6/2013. so.. i am
worried about that... plz tell me what to do... that my articleship start from as per
form 102 & 103 15/3/2013
now i submitted all document.

Hello ,
Can anyone please suggest me the names of some authors for all subjects of CA Final? Would it be helpful to study from them now ? My attempt is May 2014 .

Thank you .

Dear All

My Client had got the notice from Anti -Evasion of Service tax dept.due to below reason :

My Client is having beauty parlour business
My Client had taken a single registration in the name of the company in Mumbai & also providing services at various state(Branches) with out having registration of service tax in particular state & also availed cenvat Credit for Rent of Branches at Mumbai & also file ST-3 in single registration considering the revenue and cenvat credit of branches .
this way branches are operated from 1.09.2012 to 15.02.2013 & on 16.02.2013 Company has applied the Centralised Registration
Now Department is disallowing Cenvat Credit taken for the period from 1.09.2012 to 15.02.2013 by intimating that the same has been availed with out having Registration of Branches or Centralised Registration

Now My query is whether their is any provision in Service tax whereby assessee can availed Cenvat without registration or pl.quote the case law resemble my case . .

Tks

catarunshah@rediffmail.com

FOR PVT LIMITED CO. FOR F.Y 2012-13
AGM HELD ON 30.09.2013
INTIMATION OF APPOINTMENT SENT TO AUDITOR ON 04-10-2013.

PLEASE TELL ME THE LAST DUE DATE FOR SUBMITTING FORM-23B WITH ROC