UMESH RAVANI
08 February 2009 at 11:25

Removal of Director

I f the Pvt. Company want to remove the director by force than what is the care to be taken for removing the same. and what is the remedies available to removed director to file any kind of the penal or any other action against the company.
what is the penalties applicable to the continuing director if they found the officer in default.in forceabley removing the director.


SREELALITHA V
08 February 2009 at 11:09

SSI CENVAT credit

1. The unit is enjoying SSI exemption notification. Now the exemtion limit crossed. During 07-08 the turnover was below 1.50 Crores and in that year it acquired capital goods with a cenvat of around Rs. 3 Lacs. As now the limit crossed whether the cenvat of Rs. 3 lacs can now be taken into accout for payment of duty.

2. Whether goods manufactured for capitive usage ie., moulding boxes is treated as value for the purpose of 1.50 crores exemption or to be included.

3. Whether Sales rejection is to be considered for 1.50 crores exemption.




Neha Thalla
08 February 2009 at 10:56

Financial Management

Can anyone t'emme what does Swap Contract, Forward Contract, Future Contract & Option Contract mean in detail plz!! I actually came across these terms while working out Cash Flow Statements..


NIKHIL KUMAR GUPTA
08 February 2009 at 10:54

Industrial training at kolkata

Gd morning Sir,
i am willing to join industrail training at kolkata. i've the list of organisations from icai.org, but really confused how to approach
the organisations don't have direct link or online solutions. plz help me
how to join and which organisation is good one as i have passed my PCE in three attempts. that won't be an issue i hope


rahul garg
08 February 2009 at 10:47

INSURANCE SPARES

sir i m on audit of IOCL, they are capitalising insurance spares.As we know insurance spares needs to be written off during the life of asset to which it belongs,this means dep will be charged retrospectively, but i have a problem that what should be done with the depreciation which relates to previous years.will it be treated as a prior period expense in the P&L?


sriram
08 February 2009 at 10:43

PE-II

I have study material related to 2006 only. How can I prepare for my may 09 exam in order to update AS,AAS & corporate law e.t.c. and please can you tell me the way of presentation of answer in PE-II exam


S Mohammed

I am a very small scale works Contractor.. and very recently i had taken up a works contract from a big company. I had quoted 17 Lakhs for that works....But then the company had asked me to split the quotation into two and asked me give one quotation of for 16 Lakhs (for VAT Invoive) & another 1 Lakh alocated for service tax invoice(For Contract services.

Now the company is asking me to raise an invoice for this 1 lakh and collect the service tax for i lakh from them. But my problem is that i am not having a service tax registration. I actually maynot require the registartion as my servicable income does not cross more than 10 Lakhs in a year.

Anyone Please suggest me how raise the invoice for this 1 Lakh and what will i have to do with the service tax amount,when i don't have a service tax registration.


Jiten Shah

Dear,
Can any one tell that interst required to pay for one day delay due to techinincal reason of Online payment


CA.Vinayak
07 February 2009 at 23:45

Discount on issue of shares

If a company issues its shares at discount, can the company include the discount amount under the head preliminary expenses for claiming deduction under section 35D....for a period of five years and what would be the accounting treatment....


Guest
07 February 2009 at 18:16

capital reserve

what is capital reserve ?what is its use?





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