Anonymous
18 April 2011 at 16:28
Unlike a company, which has a separate legal entity, a HUF has no separate existence from its members. A HUF cannot be treated as a person (though under the Income Tax Act, the terms 'person' includes a HUF also for limited purpose only). However, what would be status of a Partnership Firm in which a HUF (and not KARTA) is shown AS one of the Partner? What would happen to credir facilities provided by Bank to such Partnership Firm and what is the remedy?
Anonymous
18 April 2011 at 13:33
I want to know if excess amount of tax paid can be utilized in the subsequent period at the end of a financial year
Subba Rayudu
17 April 2011 at 17:42
Hi,
I had opened a religare account in the month of Jan. After that the religare marketing executive asked my interest to open the Commodities account in Religare and i was interested to open the account.
To open the account, i had given Rs 5200 check in favour of Religare Commodities Ltd and the amount got debited from my bank account on 25/01/2011. Till today neither the commodities account opened nor the money refunded back. I have sent so many emails to Religare customer care and the marking executives and even called regularly to get back my money. Each time Religare people are giving new deadlines to refund back my money, but my money is not refunded.
Can any one help me out is there any way that i can proceed legally with the religare people to get my money back.
I have the bank statement with the transaction details and I don’t have the application number which I have filled during opening the account. I had requested the marketing executive to get the scanned copy of the application, but there were no response from the religare marketing executive.
Incident happened in chennai.
sujit kumar pradhan
17 April 2011 at 11:45
from what date limitation started ? 1)NPAdate 2)publc auction date 3)date of a/c closure by deducting security lodged.
atul mehta
16 April 2011 at 18:09
i had borrowed rs. 10,00000/ from bank principal amount now they are asking me rs. 40,00000/ including interest and penalty. please inform me is there a law or ruling that the amount payable cannot be more than double the amount barrowed. please inform.
thanks
Anonymous
15 April 2011 at 09:16
sir
we have newly formed a trust with some property. How can we apply for the loan by mortgage the property?
Anonymous
14 April 2011 at 22:17
A non-profit charitable trust is engaged in providing housing needs to a particular class of society.
This trust founded by 08 members is registered as a Company as per section 60 of the Companies act.
The so called company makes several several false promises in the prospectus, due to which buyers get allured to enter in a contract of sale/purchase of property.
Subsequently, promises made in the Prospectus turn out to be false.
As the company is not able to furnish proofs of the promises, buyer asks seller to compensate him with regard to the false promises made by him.
Company against the wishes of the buyer, deposits money in the buyer's bank account after making deduction of Rs 5000/-, causing Breach unilaterally.
Can the company be held Criminally liable for the false promises, made in the prospectus?
FIR has been lodged for Cheating.
Is Company Criminally liable for making misrepresentation/false promises, if the facts are proved?
Anonymous
14 April 2011 at 21:49
Fema Circular 120 requires that an india company
"
submit to the Reserve Bank every year within 60 days from the date of expiry of the statutory period as prescribed by the respective laws of the host country for finalisation of the audited accounts of the Joint Venture/Wholly Owned Subsidiary outside India or such further period as may be allowed by Reserve Bank, an annual performance report in form APR in respect of each Joint Venture or Wholly Owned Subsidiary "
This submission of APR is filled with Authorised Dealer Bank who in turn files the same with RBI online.
The bank demands the Audited Accounts of the subsidary.
My question is what happens if the host country do not require the accounts to be audited?
For example - USA .
Does USA has an equvalent of an ROC?
Who is the competent authority to certify that a company does not require an audit?
Thanks
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