Basudev Munda
26 December 2015 at 11:23
I would be interested to know :Whether section 8- company under companies act 2013, allows us to receive grants/ donations from Government, private companies, Individuals and also from Foreign agencies ( under FCRA)for the works related to social work viz. non-profit in nature.
Also, about provisions of tax exemption in this act.
sanjeevkhandelwal
22 December 2015 at 17:08
Dear Member,
Let me Know the remedy on Partnership
Suppose A (Individual) and B (HUF) are partner in a firm. Firm itself assesses having PAN ,TAN & TIN
B (HUF) dies
what the further procedure for a firm
Can it run as usual coz die partner are Karta of HUF ( we Changing karta of HUF ) My opinion is that HUF can not die only partition are possible
Firm held only two partner one is individual and second was HUF
After die of karta of HUF partner can firm run with another member of HUF (as Karta ) with same PAN and TAN or it close Partnership firm with the immediate death of HUF Partner
Can partnership deed amended( taking New Karta of HUF ) or it make new one can avail new PAN & TAN no please suggest
Jayachandran
18 December 2015 at 10:08
My company is a fully owned State Government Undertaking wherein 70% of Share Capital is held bythe State Government and balance 30% by two State Government owned PSUS. The status of the company is 'private' and it cannot invite share capital from the public. Authorised Share Capital- Rs.20 Crore, Issued- Rs.18 Crore.
The company had received an amount of Rs.40 Crore from the State Government by way of budget allocation during 2014-15 as additional share capital. Pending steps to raise the authorised capital of the company to Rs.60 Crore, the above sum of Rs.40 Crore is shown as 'advance share capital' in the balance sheet for 2014-15. The auditor opines that the amount of Rs.40 Crore is application money and should be classified under 'current liabilities' in the balance sheet as per Schedule 3 of Companies Act 2013. Is the auditor's view correct considering the private status of our company and there being no liability to refund the share capital advance received from State Government otherwise than by way of shares which is held up due to the delay in raising authorised share capital to Rs.60 Crores?
tarun
17 December 2015 at 15:52
hello,
i am owner of a company and we offer to our vendors for work on our project in different areas, one of our vendor had been failed to provide us a bank guaranty documents, so we didn't sign any agreement with them but they did some work for us and collect some amount from market too, but the amount they didn't deposit in company and misrepresent the customer. we stopped the work but they are asking for money of work, but in agreement we mention (which they not signed) that amount will be given after complete of work. now they send us a legal notice for that amount, what i need to do? suggest me.
Rishab singh
13 December 2015 at 13:13
Sir,i'm giving cheque to my partner for the contribution of him in event as a gurantee that event is held.but my partner later not provide me all the cheques and now date he is claim for return the said amount of cheque.there was no agreement sign for the above discussed cheque and agreement of partnership between us.but in the permission granted from government authorities regarding events is the name of my partner.i'm only manged the event for them in every advertisement product his name was show with second my name .what was the suggestion for me sir in regarding of sec.138 and 139 of NI Act 1881.please help me sir.
My name is Rishab Singh.
Email id:-rishabthakur777@gmail.com
:-rishabthakur0008@gmail.com
Aditya Yadav
11 December 2015 at 00:14
Sir Mujhe ek baat puchnI ha ki agar hum current account se roj 2.5 Lakh ki transfer kare other account me To Uska koI tax bharna padhega ya Vo kuch galat to nhi ha
ajay kumar maurya
10 December 2015 at 23:23
My state Belongs to The uttar pradesh.
One Society running a school want to sell its all the Property (Means School) with its asssets & liabulity ..
Another one Society is interested in that.
is their any one help me towered that what is the Procedure.. of the Society Merge that the fisrst society merged in the second one and the Trusstee of the first society can be make free...
Sneha Arun Naik
09 December 2015 at 15:03
In a government company sui is registered against company in tender matter by an individual.Court procedure has started.In this case whether that company can proceed for the purchase of items in the particular tender and if company purchases said items then what will be the result and who will be liable in case of default if the court decree goes against company?
Lawyer
08 December 2015 at 17:28
Hi all,
Can you plz update me on the legality of mutual agreement over official e mail.
Can acceptance of each others clauses over official email bind both the parties in agreement???
Can either party be legally prosecuted for violation of the same???
Seeking your advice and help.
Rgds,
Sunil
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Non supply of ordered item by vendor whose plant is located in nepal
We have placed an order on a vendor whose factory is located in Nepal.The vendor is not able to supply the ordered items owing to current political situation in Nepal.
Can we do risk purchase and debit the cost from the vendor's security deposit or the vendor can claim benefit of Force Majeure condition.
The Force Majeure clause is not mentioned in the agreement signed with the vendor