Real state agent
This query is : Resolved
08 December 2014
one of my client want to start a company as a real state agent he intends to received all amount in company accounts from purchaser and paid all amount to seller through company account but registry direct should be in the name of purchaser from seller, it is valid or contravention any law
08 December 2014
If you operate through banking channels no problem.
09 December 2014
but many of ca said its not valid transaction eg. it may be treat public deosit please give a suitable solution
09 December 2014
As per companies Act 2013 only if the advance is outstanding for 365 days is considered as deposit.
Definition of deposits has been changed drastically and the following amounts have been included in the definition of deposits in respect to acceptance of Deposit Rules:-
Any amount received in the course of or for the purpose of the business, as advance and is outstanding for 365 days.
If you keep such advances less than 365 days no problem.
Definition of deposits has been changed drastically and the following amounts have been included in the definition of deposits in respect to acceptance of Deposit Rules:-
Any amount received in the course of or for the purpose of the business, as advance and is outstanding for 365 days.
If you keep such advances less than 365 days no problem.
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