Anonymous
22 December 2011 at 09:52
Dear Friends,
Please help to clear my doubt regarding a problem in Company Final Accounts :
An Asset, Viz., Building has a debit balance of Rs. 75,000 and also a credit balance of Rs. 5000. What does the credit balance signify ?
The rate of depreciation is given as 2%. On what amount should the depreciation be calculated and how shall we present the whole thing in the Balance Sheet ?
Thanks & regards.
Anonymous
21 December 2011 at 17:29
Hi guys....
If a Section 25 Company invests in share capital of another company and make it, its subsidiary, should the subsidiary too be a Section 25 company (during the pre acquision period)? If so, should the subsidiary too should have been carrying out the same objects as the holding company?
Kindly clarify this...
Anonymous
21 December 2011 at 17:27
Hi,
Can any one please advice on the stamp duty aspect for Issue of Compulsory Convertible Debenture Certificate in the State of Maharashtra and Andra Pradesh. (what stamp duty is applicable on CCD agreement and also on CCD Certificate and under what provision of law)
Thanks in Advance
Sagar R K
Sagar K
21 December 2011 at 15:47
Hi,
Can any one please advice on the stamp duty aspect for Issue of Compulsory Convertible Debenture Certificate in the State of Maharashtra and Andra Pradesh. (what stamp duty is applicable on CCD agreement and also on CCD Certificate and under what provision of law)
Thanks in Advance
Sagar R K
arijit
20 December 2011 at 16:37
Dear Sir(s),
A Company named ‘Y’ has a wholly owned subsidiary private limited company in addition to other Companies in the group.
‘X’ is a managing partner of a Law firm and his firm provides legal services to the Company ‘Y’ and its other group Companies for about 2 years now and would continue to do so in the years to come. For this, Company ‘Y’ and its other group Companies makes payment to the Law Firm by cheque.
Now, this is regarding the appointment of ‘X’ as an independent non-executive director in the Board of the Company ‘Y’.
Now, does this attract sec- 297 of the Companies Act, 1956? Do we have to take approval of Central Govt.? Please give a detailed picture.
Request all the experts to provide their valuable opinion?
Regards
Arijit
Rajeev Khanna
19 December 2011 at 21:20
Can a guarantor(surety) gives guarantee to the creditor for payment in event of default by the principal debtor after one year of the entering of contract between principal debtor and creditor:-means can agreement between creditor and surety be entered after one year of entering of contract between principal debtor and creditor:- we assume that during this one year there is no default by the principal debtor but default took place after one year and two months;-please provide citation in support
Rajeev Khanna
19 December 2011 at 21:18
Can a guarantor(surety) gives guarantee to the creditor for payment in event of default by the principal debtor after one year of the entering of contract between principal debtor and creditor:-means can agreement between creditor and surety be entered after one year of entering of contract between principal debtor and creditor:- we assume that during this one year there is no default by the principal debtor but default took place after one year and two months;-please provide citation in support
Heaven 2011
19 December 2011 at 15:54
Dear All,
Mr. X wants to gift his shares to Y his son. Is stamp duty and share transfer form needs to be complied? Or only a gift deed will do? Kindly advise.
Regards,
Heaven
K.A.Salim
18 December 2011 at 19:10
on expiry of the time stipulated for satisfying a condition in agreement where time is the essence of contract promissor notified the lapse and asked to rectify -whether deemed as extension of time
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Incorporation
Is it compulsory for every Holding company to incorpoarte the A/c's of its Subsidiary Co?
As Sec 212 of Companies Act 1956 does not prescribe incorpaoration of subsidiary books mandatory for every Holding co AND AS 21 provides only the procedure to how to incorporate.