1. In our company we are planning to employ Consultants and Self Employed Professionals. I want to know what kind of acts are applicable on this. I want to know about Agreeement, Billing, TDS, ITR for Professionals. Maximum Billing should be <6 LPA.
We have decided to buy back of the shares of own company, We have following queries as under :
1. If We opted through Special resolution under 25% of Paid Up Capital + free reserves. We can purchase the 100% or shareholding of small shareholders or restrict by low only to purchase upto 25%. Can we buy any ratio of small shareholders but it should be restrict upto 25% in of Paid up capital + free reserve in Totality.
2. In case of unlisted company, the dividend distribution tax will be levied @ 20% of buy back amount.
Thanks in advance
I have one Partnership Firm. I want to set up a company. On 1st april Company will take over business of Partnership Firm. All the Partners of the firm are directors in new company. While incorporating Compamy MOA contain clause of take going concern business of Firm. Firm will transfer Assets and liabilities as per Book Value on 31st March. Do Firm is liable for Capital Gain and Stanp Duty is payable for transfer of Property from Firm to company name.? It is requested to explain entire process including formation of company and take over. Which option is more beneficial take over or conversion of firm into company?
One of my client is independent director in a public limited company for the last ten years also he has joined as independent director in a private company from last two years. Now the public limited company has transactions of sale to private company during the f.y 2015-16 only and the amount is still receivable from the private company. Now Query is that Whether he being independent director of private company from which the amount is receivable he has not given any declaration of section 149 to the public company. What are the remedies or liabilities for violation of sectioin 149 unintentely. Any case law or judgement may please quote.
Hi in a given case two individuals are owning the land and leased out the land to a pvt ltd company. the building which is built on it is owned by a private limited company.
Kindly clarify how MODT will be done for the given case and whether charge is to be registered for the building which is owned by the company
One of our client's company was started in FY 2015-16 but till now they didn't file a single document to the ROC their Paid up capital is 2 lakhs but the fines and fees for filling of the forms till now is more than 4 lakhs. Advise us whether it is possible to avoid the late fees or whether it is good to leave that company like that and open a new company.