CMA Ramesh Krishnan's Expert Profile

Queries Replied : 26053

Hi.I am Ramesh Krishnan, Associate Memeber of ICWAI & Certified Management Accountant (CMA) by IMA(USA) Working in Bangalore

Award Winner as " Most effective Expert in Caclubindia-2011" My working style always like,

Take life always as challenge,Think positive,

Give involvement on taken task,Donot divert your concentration from the taken task,

Always target your goals and commitment,Your future always better. Jai hind. Thank you for visiting my profile

To reach me : cma.rameshkrishnan @ gmail.com or send PM for queries & professional help

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Mahesh says : R.T.O. Tax
i want to know regarding road tax. how it calculate. owned and company vehicle.it is one time or yearly,Qtly ?

Roshan Shrestha says : Principal not sign exam form
My principal would not sign my exam form as i have filed a complaint against him.I have given my first attempt though in May,2015 which means i am eligible for the exam .please reply

Subrat Kumar Patra says : Convertible debt for an nri director
Hi, We are a startup and just got incorporated (17th Jul'15). Me and my wife are the directors in the new company with a 1L capital. The company will provide online gaming solutions to enhance skills of individuals (primarily children) through a subscription based revenue model. In order to start the operations we would need funds and hence will be appointing a 3rd Director (NRI friend) into the company. Once inducted we would look at a Loan from him which will be a convertible debt. An agreement will be executed highlighting the terms and conditions of the loan conversion to equity. The important one's being the following: 1. Interest rate of 9% 2. Tenure of 2 yrs 3. Conversion to happen when 2nd investor is wiling to invest 4. Valuation to be mutually agreed upon between Company & 2nd investor 5. Conversion to Equity @ Discount of 20% Loan amount to come from his NRE/O account. He is also ok to transfer the balance fund directly to the company's account. The whole amount will come over a period of 3-6 months. Pls suggest the most appropriate way of executing the whole transaction and the compliances involved. Regards Subrat