One of my friend has become defaulter in repaying a scheme loan which he had taken from a nationalized bank. Now he is not in a position to repay even Rs. 10000/- against this loan. Bank has sent a letter to him by indicating that they will go for legal action if the loan will not be paid. Now sir, please let me know what may be the highest penalty or legal punishment which my friend will get?

Dear Sir,
Kindly let me know the minimum and maximum no of days before we can give notice to share holder for passing ordinary and extraordinary resolution in case of both Limited and private limited company
Also please give me information about short notice

Thanks

HII
I WANNA KNOW THAT IF WE PURCHASE A PART FOR MACHINE TOOL FROM KOREA AND PAYMENT IS TO BE DONE AS T/T TRANSFER .THEN IS THERE ANY TDS TO BE DEDUCTED ON THAT PAYMENT. PLEASE LET ME KNOE.ITS URGENT

Dear Sir/Madam

Is it possible to receive rental income by a NRI without deduction of TDS. Is section 197 exemption( for non deduction of TDS) applicable to a non-resident.

Thanks & Regards

should the profit or loss on sale of fixed asset(car) be accounted at the time of sale itself under income tax act??

how is it treated if if the sale is by a trust??
can depreciation upto the date of sale be provided??

plss reply

Can a company invest in Mutual Fund in the name of Director? is it allowed under the company law? if yes what is the procedure?

sir i have opted english medium for november 2013 exam now i want to convert my medium can i change my opted and sir will u please tell me what the procedure to change the medium

pls can anyone tell me how can i know whether
my application for ipcc nov 2013 has reached icai or not?plz reply fast..

Myclarification on forex and clearance.

We ordered an item from France in Euro. The company we ordered in France, asks its dealer in chennai-India to supply the item.

The Foreign company raised a invoice in Euro for product supplied and demanding money.

Our clarification is,

Whether it is allowed,
How do we pay euro amount to france co. for the supply made by their Indian dealer,

Any relevant FEMA provision is available for payment.

Can you please clarify.

Hello,

I want to form a LLP and want to know which forms to file and its Fees to be paid to MCA. LLP to be formed in Maharashtra(Mumbai) and the Contribution can be any of the following:

1) 1 crore

2) 2 crores

3) 5 crores