banner_ad


rvsekar2000's Expert Profile

Queries Replied : 22

+ View Full Profile

About me

    What kinds of questions I can and can't answer?
    I am a FCS , LLB and ICSA ( UK). I have written many articles and some articles have been published in the Chartered Secretary. To know more about me , please visit my blogs :http://rvsekar.blogspot.com/ http://rvseckarfema.blogspot.com/

    My area of expertise
    company law , FEMA , Income Tax , International Taxation

    My experience in the area (years):
    Three decades

    Organizations I belong to:
    I am working as a " Company Secretary cum Law Officer" in Chandra Group , Kakinada

    Publications or writing which has appeared :
    Chartered Secretary

    Educational credentials:
    M.COM F.C.S LLB ICSA (UK)

    Award & Honors:
    NIL

  • Gauri CS, LL.B says : Susbscribed capital of Indian subsidiary
    If a Foreign holding Company (i.e. 'X') subscribes for Rs. 8,00,000 shares for a newly Private Ltd. Company to be incorporated and now Company is formed say on 3rd April, 2012. X brings only Rs. 2,00,000 on 30th April, 2012. In board meeting conducted on 1st May, 2012 Boar confirms allotment of shares for Rs. 2,00,000 to 'X'. for filing FC-GPR. What will be shown in balance sheet on the closing of financial year for Income tax and Companies act purpose. Subscribed capital and paid up capital. What are the consequences and auditor's remark if entire subscribed capital is not brought before closing of the financial year. In MOA we write minimum paid up capital will be Rs. 1,00,000. Even in Annual return can we show it as Authorised 15,00,000, subscribed 8,00,000 and paid up capital 2,00,000? How it is to be shown for income tax as balance sheet will be dated 31st March, 2013. Nw what will be the decision of the Indian subsidiary co. as per companies act to close financial year on 31st March, 2013 or some other date.


Comment Please


  

Other CCI Experts


CA R SEETHARAMAN
Queries Replied : 42596


CMA Ramesh Krishnan
Queries Replied : 26053


Nikhil Kaushik
Queries Replied : 24294


view more ..

banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news


Latest Job Openings

View all
Company
10 May 2026
Finance specialist

Right way solution

Ajmer

CA

View Details
Company
19 May 2026
Article, CA & Paid Assistant Positions

Aggarwal Sarawagi and Co

New Delhi

CA

View Details
Company
Featured 28 May 2026
SEMI QUALIFIED/ CA DROPOUTS/ ARTICLES

T R SOOD & CO

New Delhi

CA Inter

View Details
Company
09 May 2026
Audit Manager

Kanna and Associates

Coimbatore

CA Inter

View Details
Company
01 June 2026
Audit, Taxation & Compliance Executive

R P S K & Associates

Nashik

CA Inter

View Details
Company
ARTICLESHIP 14 May 2026
CA ARTICLE

PRAVEEN GARG & CO

Faridabad

CA Foundation

View Details
Company
ARTICLESHIP 27 May 2026
CA Article Trainee

Rahul Dang & Associates-Chartered Accountants

Pune

CA Inter

View Details
Company
Featured 26 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details