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SREE PRAKASH
07 November 2008 at 21:02

Transfer of shares

Sir,
The details are as follows
1.95% of share capital of an Indian private limited company(100% EOU under STPI ), set up in 2001, is owned by a foreign company
( Italian).
2.Now the foreign company wants to transfer the shares to another foreign company.

Kindly clarify what are the procedures to be taken under various laws;viz,FERA, Companies Act, Income tax act etc.

Please calrify whether
1. An OCB can transfer the shares to another OCB,if so permission is required ?
2. Income tax will be attracted on the Indian Company ( as an agent )?


CA. Santosh Jain
07 November 2008 at 20:59

In case of newly Pvt. ltd.

Upto what time, (1) shares money should be received by subscribors of MOA ?
(2)time limit of shares allotment
(3) time limit of issue of share certificate
(4)any time limit of first board meeting
(5)Can share money received by cash
(6) Form 23b should be fiiled in case of first auditor


Pankaj Jhawar
07 November 2008 at 19:21

ST and VAt

Please give some case law or circular which states that these tax are mutually exclusive and both could not be levied on the same items. There are some probles in the IT services as there has been amended in the Service Tax Act this year


Pawan
07 November 2008 at 19:16

Project Financing & Control

Dear All
Please share any information related to Project Financing & Control. PLease share material or suggest best books for this. Is there any specific course for this.

Regards
Pawan Agrawal
agarwal.pawan@rediffmail.com


Mohd Sarfaraz Latibani

I am receiving a rent Rs 1.00 lakh per month which is sharing equally myself and my wife. The property is in the joint name. The property has given letout for a company. Please guide the service tax provisions, whether service tax applicable to this case? and we are rental income from other properties also.In case if required to pay service tax.. who has to pay the service tax i.e service provider or service receiver. Please clarify ?


khaleel
07 November 2008 at 18:16

which books to be folled for pcc?

hi sir can any one tell me which r the best books to be followed for pcc .for all subjects seperate books i need sir ?i mean the books which r the best for the subject?


Himanshu
07 November 2008 at 18:08

Interest on Duty on DTA Sale

In 100% E.O.U. who has fulfilled the export obligation and intends to disburse unutilized part of imported raw material with two years to D.T.A. on applicable duties and taxes whether interest is payable on the duty amount from the date of import?

(Reference Notification No. 52/2003 Customs)

Kindly Suggest

Regards


Harinder Saini

Plz Tell me...
what is deffered tax liability and deffered tax assets?

how do we calculate it?


CAKalpesh B. Shah
07 November 2008 at 17:46

tds on transportor

HELLO FRIENDS,
tHE INDUSTRY IN WHICH I'M WORKING IS SUCH THAT WE HAVE TO FREQUENTLY MAKE PAYMENTS TO TRANSPORTERS HAVING BILTY/GR OF SOME TRANSPORT UNIONS.
1. THE MAJOR PROBLEM IS THAT THE DRIVERS DONOT PROVIDE THE PAN NO OF UNION/SELF.
THE REASON FOR THAT THE TRANSPORT UNIONS MIGHT BE FAKE/TEMPORARY. MOREOVER THEY SAYS THAT THEY DON'T NEED FORM 16 FOR TDS DEDUCTION.
SO WHAT IS THE SOLUTION TO THE PROBLEM.
2. THE DRIVERS DEMAND CASH PAYMENTS AS THEY DON'T HAVE BANK ACCOUNTS.
BUT, WE CAN'T MAKE CASH PAYMENT EXCEEDING 20,000 IN CASH.
SO WHAT IS THE SOLUTION TO THE PROBLEM



CA. Santosh Jain
07 November 2008 at 17:24

Change of registered office of a Pvt. ltd.

Kindly explain the procedure to change the registered office of a newly pvt. co. from delhi to gurgaon.






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