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Asha   13 September 2012 at 13:43

Bonus share

good afternoon sir, we hired a bus owner for our staff. than sir it will covered under section 194c. but sir i did not deduct tds from his amount.than sir in this case will i deduct tds from his previous amount april to august.and deposit tds from april to august "2012 and sir revise my tds return. can i do this

Member (Account Deleted)   13 September 2012 at 10:01

Digital signature

If three individuals viz.X,Y and Z desires to form a new company.All of them intends to be first directors and presently they are not directors in any other company.Before submitting the form 1A to get approval of McA,they also obtained their DIN and DSC.Since the company is yet to be formed,they are unable to file Din 2 & 3 and thus unable to register their DSC with the McA.

Can they file Din 2 to the proposed company and thereafter, Din- 3 to the McA.

If not, then I think in such a situation,they have no alternative but to file Form 1A through a PcS/PcA/PwA.

Asha   12 September 2012 at 17:36

Schedule vi

Dear Members My query to you is regarding the presentation of Excise Duty in the revised Schedule VI. I wanted to ask whether we have to show excise duty payable ie excise duty related to sales only or the actual excise duty paid after claiming the CENVAT credit ?

Sathyan Avinash   12 September 2012 at 15:46

Legal heir in case of deceased shareholder

Dear Experts,

Kindly advice me upon the following case:

Mr. A holds 50,000 equity shares in a Private Limited Company.

He has not made use of any nomination facility.

He is a Bachelor and his parents ceased long ago.

Now suddenly Mr. A deceased and my query is to whom his shares would be transmitted?

He has only a married sister.

Please clarify me on the status of his shares.

To whom these shares shall vest?

Whether the married sister can claim succession to his shares ?

Thank you in advance.

Asha   11 September 2012 at 11:45

Comp law



Hi Friends, I have filled form 1A and got the name approval,but now I found that a letter is missing from the company name. So how can we change the name? Is there any other way to rectify this error inspite of- Filling of new form 1A & Change the name after incorporation.

minsal   10 September 2012 at 23:25

Revoke from the status as guarantor

Sir,

one of my client's relative was in need of money and he applied for bank loan. In the loan application, my client without any knowledge of risk and also in good faith has signed as a guarantor. now he came to know that his said relative is not regular in repayment of installment and someone told my client that if the said fellow fail to pay the loan amount then the banker will recover the said amount from you.

My client then approached his relative and told him to arrange some other person as guarantor and replace his name as guarantor from the said loan. in reply his relative said that it is not possible as there is no such provision under the law to change the guarantor and the banker will also not consider his request of changing the guarantor.

my query is that ......

(1)a person who availed a loan facility can apply for change the guarantor?

(2)can the banker refused to change or replace the guarantor?

Thanks in advance.

Asha   10 September 2012 at 20:21

Lok sabha

Press Information Bureau Government of India Ministry of Corporate Affairs 06-September-2012 17:08 IST Violation of Accounting Principles The Government is aware that violation of accounting principles and financial irregularities are being carried out by various companies and their audit firms. During the last three years, 316 companies and 73 audit firms were found guilty of violation of accounting principles and other financial irregularities for non-compliance of disclosure norms. Prosecutions have been filed against such companies and audit firms, under section 211 and section 227 read with section 233 respectively of the Companies Act, 1956 for such violations. This information was given by Minister of State for Corporate Affairs Shri R.P.N. Singh in reply to a written question in the Lok Sabha today.

Surendra   10 September 2012 at 12:56

Dividend

Fact:
A ltd has declared dividend of Rs. 1 on each equity share at AGM (26th July, 2012). Co has not paid dividend amount to its shareholders till now (i.e. 10th September, 2012) nor paid dividend distribution tax for said dividend.

Query:
1. Will company require filing form 5 INV with MCA.

Debasis Ghosal   09 September 2012 at 14:09

Loan take over- confidention opinion of bank

Dear Sir,
Can any one help me in providing any circular relating to the time limit of the bank to send confidential report of customers to the other bank who is intending to take over the facilities.