Hi,

Can anybody guide as to the formalities for obtaining certificate of commencement of business of a public company.

What else needs to be filed other than Form 20 and statement in lieu of prospectus.

Is it necessary to give notice of first board meeting. If yes, how many days before the meeting.

Hai one of my client wants to go for an housing loan and the bank manager is asking for the IT Return with income statement, in which format shall i prepare his statement?

Dear Sir,

My client who was running his business as a sole proprietor is no more and hence his legal heir is willing to cancel the Proprietorship registered under my client's name.

Kindly suggest the steps to be followed for closing a proprietorship business. Will the cancellation of VAT registration alone do the needful for cancellation.

Regards,
Dhanabal. A

Dear Sir,

One of my client is running a business of selling handicraft items in Chennai. He has another barnch in Pondicherry.

Can he purchase the handicraft articles in Pondicherry and transfer the same to Chennai branch. If such internal stock transfer is done, what is the implication of VAT / CST?

Kindly suggest if any specific Forms have to be furnished for making a internal stock transfer.

Thanks & Regards
Dhanabal. A

Company wants to dispose of its assets namely land and bldg, plant & mach , other assets as it has discontinued operations.

Query

a) Can it adjust profit on sale of land and bldg (Block A) agaainst loss on sale of other fixed assets (Block B) for tax purpose ?

b) can it adjust Loss on sale of Plant & Mach (Block C) from profit of Land & Bldg (block B) ?

c) Can it declare this as sale of business divison and thus entire block of assets goes out of books then what is the tax impact?

Plz anyone explain me section 312 of companies act...

Dear Sir ,

If WCT has been deducted from our bills , then we have to submit the VAT or not .

And if the VAT liability is less than the WCT deducted , then shall it be refunded ??

Kindly comment .

Hi friends,

Please guide on -
1. what is the time limit for holding first statutory meeting of a public limited company which is the mandatory requirement for obtaining Certificate of Commencement of Business?

2. What all forms and documents needs to be submitted for obtaining certificate of commencement of business of a public limited company?

3. Is there any specimen format in which the minutes of statutory meeting are to be submitted for obtaining certificate of commencement of business?

What are the rights of doner of a donation given to any charitable trust.