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Abdul Latif   24 April 2013 at 18:55

Stamp duty on business transfer agreement

Dear Sir,

We the company are acquiring the Assets and Liablitis of one Proprietorship Firm by entering into Business Transfer Agreement. Under this Agreement, All Assets and Liablitis of Proprietorship Firm will be transferred to the Company on the Particular Date. We will pay lum sum payment of Rs. 1.5 Crores for all assets and liablities. Assets does not include any land and building. However It includes Plant and Machinery, Furniture,Inventory, Trade Name, Brand Name etc. Further all employee of the Prop.Firm will be our employee after the Particular date.

How much Stamp Duty is required to be paid on this Transaction. The Transaction is to be made in Maharashtra.

Please advise.

Arunav   23 April 2013 at 17:34

Non payments of salary

Dear Sir,

A employee has not been paid his salary for couple of months. the employee has left the company. his total overdues exceeds 5 lakhs of Rs. Can he initiates winding up or he should avail some remedy

Mahavir   23 April 2013 at 13:12

Moneylenders registration?????

I want to get registered under Gujarat Money Lenders Act, 2011.
Kindly let me know where to apply for registration?
What documents are required for registration?
thank you in advance.

mir roushon kabir   22 April 2013 at 15:09

Aggrement

xcxvc

mir roushon kabir   22 April 2013 at 15:03

Open a institute

I am bhavesh living in malad, i am going to start a computer institute as proprieter.
what is the legal procedure for formation of a computer Institute. Please can you provide me the information about, i am new to bussines line.

mir roushon kabir   22 April 2013 at 15:00

Open a institute

I am bhavesh living in malad, i am going to start a computer institute as proprieter.
what is the legal procedure for formation of a computer Institute. Please can you provide me the information about, i am new to bussines line.

bhavesh bhanshe   22 April 2013 at 14:20

Computer institute formation

I am bhavesh living in malad, i am going to start a computer institute as proprieter.
what is the legal procedure for formation of a computer Institute. Please can you provide me the information about, i am new to business line. where to register the
institute and what documents are required to register.

A Truthseeker   21 April 2013 at 20:52

Limit of income

OM

India as per preamble is a socialistic country. in socialism the money is to be evenly distributed. it is heard that in China the salary of a professor and a day labourer differs by a single rupee.this is possible being socialistic.

our check on unrestricted income is by imposition of income tax. some of our industrialists have assets a few lakhs crores rupees. they are virtually running parallel govt. at the cost of poor people. the natural produces are being hoarded by them instead of being got distributed by the govt. if one starts incoming from this day in how many years he would amass a few lakhs crores of rupees with payment of income tax?

supabcdefgh   20 April 2013 at 19:43

Company formation rules?

When forming company, to write objectives, these CAs advice to add all INCIDENTAL OR ANCILLARY that include even purchase and sale of alcohol. The company is related to formation of a company to intiate and ignite research in various fields, to assist educational institutes directly by supplying technical man power or by helping smaller college colaborate with better college. Now, obviously when we wish to help or do, we will make Video and web publications for news paper, TV and web propaganda.. The company name proposed is XXXX research and Consultancy Pvt Ltd. Now my question: while forming the company the CA is objecting to:

I have also deleted the object "To create multi-media based content to highlight the activities." as this doesn't fits into the concept of object of the company and also that this can be done as regular business activity even not mentioned in the object clause.

I don't understand when purchase and sale of alcohol is put by force, why does he have this objection?

rds   20 April 2013 at 16:48

Creditor winding up

Respected Sir,
As a creditor, I want to file a creditor Winding Up Petition against my client who owes me money. Kindly guide me the procedure to file. Also pls guide if there is any other better way .
Thank You