CA Shraddha Vora
08 June 2015 at 17:45
Section 129(3) mandates consolidation for all companies (including SMCs) subject to Rule 6 of Companies (Accounts) Rules, 2014, whose proviso states that
“in case of a company covered under sub-section (3) of section 129 which is not required to prepare consolidated financial statements under the Accounting Standards, it shall be sufficient if the company complies with provisions on consolidated financial statements provided in Schedule III of the Act.”
AS 21 is not applicable to SMCs.
In light of the above, kindly clarify whether consolidation would be applicable in case of SMCs, having regard to the exemption provided under the Rules.
kaushal
07 June 2015 at 22:55
sir
whether the registration of proprietorship firm is necessary .
suit can be filed by the partner of partnership firm with his name or it will be filed with the name of partnership firm .
weather the registration of partnership firm is necessary or not.
if suit is filed in the name of partnership in a partnershp firm than what wil be the face of the case.
in a partnership firm if suit is fled in the name of partner at the place of partnership firm than what wil be the face of the case
ibrazahmed
05 June 2015 at 23:10
Dear Experts,
I am working in a software limited company.Company is in noida but i think jurisdiction is in delhi.
1.I would like to know the basic leaves allowed in a year as per the law.
2.We are allowed to go out of office twice for 10 minutes each break if we exceed it our salary gets deducted.
3.Earlier I was allowed 45 mins to go out and offer friday namaz but all of a sudden they have marked it as a half day leave when I asked the Hr they said we have dissolved that policy without any notice.
4.I am under a bond and its a one way bond I mean in every condition i will be paying the company even if they fire me.
Plz advise with related acts.
Kathiravan Chinnadurai
05 June 2015 at 14:30
Hi,
Myself Kathiravan i'm persuing 3 years LLB at Venkateswara university, Tirupati. Now i'm in final year. After completing my course i would like to practice on company law. Kindly guide me what are the steps i have to do and is there any additional courses available to specialise in this particular field. What is the scope of Company law.
please help me in this regard.
Regards,
C. Kathiravan
Mobile No: 9176735989
Chandrasen Upadhyay
04 June 2015 at 14:36
Dear Experts,
May I request you please throw clarity on filing of the cases U/s 138 of the Negotiable Instrument Act?
As per latest verdict of the Hon'ble supreme court a complaint has to be filed in the jurisdiction where the accused's /cheque drawer's bank branch is situated and because of this verdict lot many matters transferred from one city/ state to another city/ state.
Please advice on the present status. Regards
sheela
04 June 2015 at 13:42
A registered company dealing with investment from public closed abruptly in 2010. A creditor of that company wants to file a petition for winding up of the company before Delhi HC. Can he do it. What is limitation period in such cases.
Parikshit
04 June 2015 at 13:07
What all licenses are required to start a healthcare business......permissions and compliance required for the same
sandeep pandey
03 June 2015 at 00:31
Dear Sir,
After so many followup my Ex-employer given me PF aknowledgement receipt, but once i tried online for know my claim status it showing no records mentioned.
I have a doubt regarding original PF receipt or duplicate how can we identified.
I am attaching aknowledgement receipt for your consideration, please find the attachment.
PF N0- MH/BAN/39613/2467
ashemrom
30 May 2015 at 17:22
I am working in Steel Authority of India(SAIL).In the year 2007 I was posted in Bokaro Steel Plant which is a units of SAIL.In 2013 I was transferred to Durgapur Steel Plant which is another unit of SAIL.Subsequently,in 2015,I was issued a Chargesheet by the CEO of Durgapur Steel Plant for alleged misconduct committed in the year 2007 in one matter.
Query:In the year 2007, I was working in Bokaro Steel Plant and its CEO was my Disciplinary Authority.Now,is the CEO of Durgapur Steel Plant competent to issue a chargesheet to me,whereas the alleged misconduct pertains to period while I was working in Bokaro Steel Plant.
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Liability of banker for wrongful remittance
Dear Friends,
I had given certain amount to my bankers for making NEFT to an account in a different bank. While filling the challan account number and name of party is written correctly on counterfoil, but in the other part of the challan (bankers copy)only last digit of the account number is missing, though the name is correct. The receiving bank has credited the amount to a third party apart from the payee. The payee bank is not giving the name of the account where the money is credited.
Please inform what remedy I have? and against which bank? My banker informed me after two days that the payee bank has wrongfully credited a different account, but did not initiate correspondence for almost a month.
Thanking you,