My question is:

"What mandates a body (individual/partnership firm/company) to form an NBFC??"

Should an arranger of loans such that he brings together a borrower and desirous lenders together and gets the deal done required by law to get registered as an NBFC or is there any other regulation governing it??

For example, a borrower intends to borrow Rs.50,000 and reading this borrower's profile in a brochure carried by an arranger(intermediary) there are 10 people ready to lend 5000 each? In arranging this deal is the intermediary mandated to be registered as an NBFC with RBI or as a money lender with the State or anythign else??

A related question ..

Am I as an individual required by law to be registered in any form if I intend to lend some money to a friend or for that matter any individual I m comfortable with?? I do not want to carry it on as business. The intention is to help the other individual and supplement the income that I earn from my occupation. If I get a promissory note signed, would that be enfoceable at law in the event of the borrower not paying back the borrowed money??

whether SAPs are applicable for CA June final 2009 exams or AA-S

06.April.2009
Hi.

This is INDERPAL SINGH.

Actually, My uncle had been working in a company at Gurgaon from 1996. No appointment Letter was provided there till the date.

In their Company PF facility was started on 10,March 2005.


On 4.April.2009 through someone here and there in a company employer got the information that my uncle is stealing company's stock.

He(Uncle) has caught by the employer with company's stock as on 04.April.2009 and now employer has discharged him and saying there is no final-payment. No amount will be provided to you.

Uncle said that, He wasn't know about the stock. How it was with him.

I know my uncle. He cannot do the act like this in their life.

Now please guide me is there any way by that my uncle could withdrawn their PF Amount?

Bcoz company is not providing their PF Amount.

I am looking forward to your response.
Please Help.

INDERPAL SINGH
+91-9871333610

mr.inderpalsingh@gmail.com
inderpalsingh5@yahoo.com

At the time of purchase of Car, Normally Registration and Road Tax is paid. Insurance is also paid.
Whether this Registration charges and also Insurance [ to make this car ready to use] should be capitalized.

Is both Work Contract Tax (A compounding scheme under State levy) and Works Contrct Services (under Service tax) is applicable on a contract. Service provider claims that when he pays WCT he need not pay Service tax. Is that correct.

does anyone know the bcom pass 1st year datesheet.will it clash with my pcc june'09? hw shall i prepare in dat case

Dear Sirs,
We are under construction of a new excisable manufacturing unit( Cement plant). During construction period we are using TOR Steel for RCC work
And using STEEL PLATES, ANGLE, CHANNEL, BEAMS etc for factory shed & for fitting up of cement machinery.
Can we availed CENVAT benefit on TOR STEEL, STEEL PLATES, ANGELS, CHANNELS etc
Please provide me case reference etc.

Please take the matter very very urgent.

Regards,
Sudip

why a promissionary note cannot be made payable to a bearer?

and a bill of exchange made payable to bearer when it is a demand instrument?

Compnay A LTD has given a corporate gurantee in favour of Z LTD.

Is it necessary to register this corporate guarantee given by A LTD with Registar of companies.(For registering charge on A LTD's assets)

Mr X with virtually no income recd 5 lac from LIC which is fully exempt u/s 10(10D)

However tax liability appeared due to clubbing provision as minor son earned an income of 3 lac in that year.

Can Mr X claim deduction under Chapter VIA (80C, 80D, 80G) by depositing money recd from LIC.

In short, does Chapter VIA provide that deductions will qualify only if it is made from taxable income.

Could anyone pls clarify?