Easy Office


Parthesh
12 February 2024 at 19:40

MOU on stamp paper

Is it mandatory to do MOU between hospital and TPA(Insurance companies) on stamp paper?


ntc pioneer
20 January 2024 at 14:54

DIFFERENCE BETWEEN LEASE AND TDR

What is the difference between lease and tdr ?


k chakraborty

sec 59(2) of partnership Act states "The firm, which is registered, shall use the brackets and word (Registered) immediately after its name."
But the wording of the section is different than in companies act which says " the name of the company with the last word ―Limited‖ in the case of a public limited company, or the last words ―Private Limited‖ in the case of a private limited company" , notice the difference in "after the name" vs "with last word".
Moreover, the registration certificate of the registrar of firm uses original name without suffix.
Given this do i need to change the name in PAN and GST? note that the PAN is also submitted to registrar at the time of registration. If we don't change our name how would i issue invoice with (registered) after the name? if we don not need such change in invoice when should i use (registered)? in signboard and letter heads only? please advice?


Jayalakshmi Ramasamy
05 January 2024 at 14:47

STAMP DUTY ON GIFT DEED

Dear Sir,

1. Please can any one let me know the stamp duty in Mumbai for a residential property from Mother to son and from brother to sister.

2. I had gone through the rates on some sites where it says it is Rs. 200/- only for gift deed between family members.

3. If it is from brother to sister it is 2 percent
4. Other than family members 3 percent.

Kindly clarify urgently if the above is correct.


Rakesh

Hello All,

The partnership was formed with 2 partners when both partners were resident Indian citizens. The managing partner (and the one who brought in 90% of the capital) intends to go abroad possibly permanently, while the other partner will remain in India. Both partners will still remain Indian citizens.

So can the partnership carry on as earlier?


RAMKUMAR

A Non-Resident Indian (NRI) and a person residing in India form a private company in India. The NRI pays the subscription money in INR in India. Is this considered as Foreign Direct Investment (FDI), and is the transaction legal?


Rakesh

Hi,

Some of us wanted to enter into a business partnership. All partners signed the deed and got it notarised. But there were no witnesses. Is the deed valid without any witness signatures? Will we face any problem in getting PAN. GST and other Government documents? Any help would be highly appreciated.


Regards

Rakesh


P.R.Parikh
13 December 2023 at 15:12

Requirement of Revenue Stamp

is it essential to affix a revenue stamp (1 Re.), on payment exceeding Rs.5000, made through bank?


Shambhavi Sabarish

As per section 36 of Companies Act 2013,

Any person who, either knowingly or recklessly makes any statement, promise or forecast which is false, deceptive or misleading, or deliberately conceals any material facts, to induce another person to enter into, or to offer to enter into:

c) any agreement for, or with a view to, obtaining credit facilities from any bank or financial institution , shall be liable for action under section 447.

Further as per Section 37, a suit may be filed or any other action may be taken under section 34 or section 35 or section 36 by any person, group of persons or any association of persons affected by any misleading statement or the inclusion or omission of any matter in the prospectus .


My questions are the following:

1) Does "statement , promise or forecast" mentioned u/s 36 mean the prospectus or can it be any other statement not being a prospectus? As suit can be filed only if misstatement is related to prospectus as per section 37, so should we assume that this statement given to induce an agreement is prospectus only?

2) Further what does "inducing a person to enter into an agreement for or with a view to obtaining credit facility from a bank" mean? Are we making an agreement with another individual to improve our credit worthiness in order to obtain credit?

3) To make someone liable u/s 447 should the suit be filed only by persons mentioned under section 37 ( that is an investor who was affected by the misstatement in the prospectus) ?


Kavita R

1) My query is that is internal auditor to be mandatorily appointed during fy 2011-12 for listed companies under companies act 1956 and any other provisions?
2)does an internal auditor appointment requires board approval during F.Y. 2011-12 under the Companies Act.1956 or any other provisions of the companies act?
3)Also under 2013 act was it mandatory to file MGT-14 for internal auditor appointment ?

Please advise.