A private limited company has named 2 induvidals as first directors of the company without specfing any tenure of office.

the articles provides that " at the first AGM and every AGM all directors liable to retirement by rotation, shall retire and that the retiring Director shall be eligible for reappointment"

I am of the view that the first directors have to retire at the first agm and that they may be reappointed. is this the right position given the above provisions in the articles.

More importantly, when the 2 directors are reappointed at the first AGM can they be appointed for life to avoid reappointment at each AGM. will it require an amendment to Articles.

please advise.

Regards,

Case – Our company is a limited company registered under Companies Act, 1956 and having registered office at Gurgaon, Haryana. At present we have a team of 18 employees all over India under different branches. As per our Company’s HR policies, the retirement age of an employee has been fixed at 60 yrs. We have Private PF trust and all rules are defined under PF trust deed. My queries are:-



Our Country Head has attained 60 yrs of age in this October, 09 and as per Company’s policy he is going to retire by 31/10/2009 but Our Management wants to use is expertise for another 1yr. and our Country Head is also agrees for extension, so what are the steps to be follow / alternates available with us for extension of his services for another 1 yr.
Whether during this extended period – he works as an employee under the designation Country Head and exercise all authorities available to him prior to extension;
Whether PF liability arises and we have to deduct and deposit PF as usual;
Whether gratuity liability arises.
what else precaution / formalities to be taken care

In the rental agreement they didnt mention whether the owners have the share in HP OR NOT(the ratio)......but simply they are saying in rental agreement they should pay to the two parties Rs.8000/-P.M.(NOW TO WHOM AND WAT BASIS I HAV TO DEDUCT TDS..)PLEASE CLARIFY IT....THNKS IN ADVANCE.............//

Plz. anybody answer the following :-
1)What is MAPIN Card ?
2)Whai is the Cost Inflation Index(CII) for calculation of Indexed Cost in Capital Gain Income for the Yr.s 08-09 & 09-10 ?

which is the best book for detailed study of sections & case studies for law..

Dear All,
Is the consideration received from sale of TDR liable to capital gains?
If yes, what is the cost of acquisition?
a)Nil
b)Purchase cost of land
c)?

What if the seller (of TDR) continues to be the owner of the land?
Thanx & Regards,
Niki

Can any one tell about where can PE-II prevoius exam papers can be download with answers. give me the correct path for down loading...Its urgent .......
Thank you very much

Dear Sir

I wanted to form trust named Roopdev Charitable TRust

can any mail me the format of the TRUST DEED at bharathkotharijain@gmail.com
bharath.boco@gmail.com

Thanks in advance

what tds rate on propritorship form ? he has given his individual pan no , so please advice me.its 1% or 2% ?

Effective 1st October the Income Tax notification says payments made to Transporters will not be subject to TDS provided the Transporter provides a copy of his PAN Card.

In case of a Propreitorship concern if the Transporter provides a PAN Card in his "personal" name, can we avoid deducting TDS against his bill raised in his Properitorship firm.

Kindly advise.