vivek
30 July 2010 at 18:45
partners remuneration
in partnership deed it is meniotned that remuneration to both the partners shall be payable as per section 40 (b) of the IT act, and shall be reduced to Nil if there is a Loss.
Pls. clarify that is it mandatory to amend the Deed for giving hiegher rem. i.e up to Rs. 3.00 lacs to partners
bhupendra
30 July 2010 at 14:13
Dear members/seniors,
Whether an agreement for appointing an agent for marketing of
companies product attract section 294?
Abc pvt ltd co. having paid up capital of more than 50 lacs. has
entered into an agreement with m/s AB enterprises for marketing of
their software product and to act as support agency. will this
agreement attract section 294?
Regards,
Bhupendra
CS Management Trainee
CS Harsad Seta
30 July 2010 at 12:34
Ours is a proprietorship firm and we want to convert into a partnership firm. In this regard what is procedure and formalities to be done.And if there is any deed for that pl. send the format of deed for conversion from proprietorship firm into partnership firm.
Pl. reply on an urgent basic.
Harsad Seta
9830726779
Dinesh Malik
29 July 2010 at 15:39
A PVT.LTD. CO. HAS TWO SHAREHOLDERS A (FATHER) & B (SON)HAVING 100% SHAREHOLDING OF THE COMPANY. THEY ARE ALSO DIRECTORS OF THE COMPANY. THEY DECIDED TO TRANSFER 2% SHAREHOLDING OF COMPANY TO C & D (OUTSIDERS).
NOW CAN C & D DO ANYTHING AGAINST THE INTEREST OF A & B AND COMPANY UNDER THE PROVISIONS OF COMPANIES ACT WITHOUT CONSENT OF A& B. (e.g. CAN THEY TRANSFER PROPERTY OF COMPANY OR DO ANYTHING ELSE WITHOUT CONSENT OF A & B ?)
PLZ. ADVICE.
x
29 July 2010 at 03:20
In Western Countries there is procedure to called Discovery to ask the opposing party for certain documents. Is there a similar process in India? At what stage can it be instituted.
anupam sharma
28 July 2010 at 10:20
a cheque of Rs. 3,60,000/- was dishonoured and part payment of Rs 2 lakh was done from an unknown account.The creditor sends the messege to debtor acknowledging receipt by SMS.The debtor is not in contact now.How to recover the the remaining amount???? is 138 NI applicable???
Anonymous
27 July 2010 at 22:57
Iam an industrialist and had become the managing director of a public limited company by acquiring shares. Am I bound to obey the decreed judgement which had occured during the earlier management period. The case is that a thrift co-op society has given loan to the company workers and that the management is responsible deducting the loan from wages and remit to the bank on monthly basis. It is learned that the MD had given some undertaking and failed to remit the recoveries. The co-op bank has filed a case against the management under civil and the MD had expired and the case had decreed. What are the options available and is there any option of re-opening the case. Decreed in 1986.
Anonymous
27 July 2010 at 22:01
We are manufacturers of Packaged Drinking Water situated our Industry at Andhra Pradesh. and we got some reputed brand user agreement Andhra Pradesh Territory (non-exclusive basis) at 2007 April 23 renewal date at 2010 April 22nd. we are waiting for renual. the brand owner simply passing time'like wanted to discuss new terms and conditions' now they are telling simply already agreement lapsed, some others alredy got it. and one more news we got, that is they are given some others, same brand user agreement at 2009 March now only they told me. now what can be posible. we are invested huse amounts in this industry with their specifications. now we are struggling so much. how i can get neual? is there any posiblities. the brand owner cheated me.
here with attached agreement text.
Durga
27 July 2010 at 18:10
We are manufacturers of Packaged Drinking Water situated our Industry at Andhra Pradesh. and we got some reputed brand user agreement Andhra Pradesh Territory (non-exclusive basis) at 2007 April 23 renewal date at 2010 April 22nd. we are waiting for renual. the brand owner simply passing time'like wanted to discuss new terms and conditions' now they are telling simply already agreement lapsed, some others alredy got it. and one more news we got, that is they are given some others, same brand user agreement at 2009 March now only they told me. now what can be posible. we are invested huse amounts in this industry with their specifications. now we are struggling so much. how i can get neual? is there any posiblities. the brand owner cheated me.
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Audited statement of CC accounts
Respected Experts
I am enjoying cash credit faclity of Rs. 1 lakh for my partnership firm with business turnover of Rs. 20 lakhs involved in retail trade. Recently my bank asked for audited financial statements of my firm stating that now as per RBI circular any customer whose trunover is more than Rs. 10lakh and is avialing any advances from bank needs to get accounts audited.
Where as per Income tax act My firm is not required for audit as turnover is juts Rs. 20 lakhs? Can anyone confirm the has RBI issued circular to thath effect?
Regards
Divyesh