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Anonymous   14 April 2011 at 21:49

RBI - FEMA 120 : ODI : APR - Requirement of Audit of Subsidary

Fema Circular 120 requires that an india company
"
submit to the Reserve Bank every year within 60 days from the date of expiry of the statutory period as prescribed by the respective laws of the host country for finalisation of the audited accounts of the Joint Venture/Wholly Owned Subsidiary outside India or such further period as may be allowed by Reserve Bank, an annual performance report in form APR in respect of each Joint Venture or Wholly Owned Subsidiary "

This submission of APR is filled with Authorised Dealer Bank who in turn files the same with RBI online.

The bank demands the Audited Accounts of the subsidary.

My question is what happens if the host country do not require the accounts to be audited?

For example - USA .
Does USA has an equvalent of an ROC?
Who is the competent authority to certify that a company does not require an audit?


Thanks

Anonymous   14 April 2011 at 20:16

non - obstante clause.

Marutiudyog ltd vs. Ramlal (2005) 2 SC 638.
&
In CIT vs. B.R. Constructions (1999) 202 ITR 222 (AP) CFB.
&

SC in Ssouth India Corp Ltd vs. Secretary Borad of Revenue.


Required the hole case in detail pls any one provide me. it explain in depth of
It is not there in indiankoon.com so pls do the needful

The citation gives the non - obstante clause interpretation by the SC in depth.


Thanks.

Anonymous   14 April 2011 at 19:51

Without Privilege.

the below matter has been said by the lawyer in our state to by client so i want to known the meaning of it & is there in our indian law system if yes than any case on it


In a Letter Or Notice if the above words are mentioned on the top of the Letter Or Notice.

"Without Prejudice OR With Prejudice Or
Privilege OR Privileged "

What it is the meaning of the Words if mention under the letter or notice.

I have heard that if any of this words are written under the letter or notice than it seems that it is not for the interpretation and also not for the legal evidence in the court.That the letter is not use for the evidence in the court & also cant interpreted it.

Also Pls Tell Me With Us Expert advice What do this words means & Can be Written Under any Stamp paper or affidavit.

"Without Prejudice OR With Prejudice Or
Privilege OR Privileged "

thanks.

Anonymous   14 April 2011 at 19:43

Order's Of CPC Can be challenged BY HC & SC.

1) The juristic concept of contract consist of offer & acceptance . But what do u mean by juristic concept in any law what do u mean by juristic concept means in law.

2) Civil Procedure code, 1908 a LD member of my friend has said that

Order's of CPC built under the statue can be changed by HC or SC & Section can be changed by Legislature. It means the HC & SC has the right to challenge order's built under the statue on its dicretion powers & Legislature can during the session hours can challenge the any section of the civil procedure code, 1908

Note : Here Section & Order means ( Given under the statute CPC, 1908 or can be said given under the code)


Any case law on it if any pls or correct me. by provising the case laws on it. also opinion required.

Thanks.

Anonymous   14 April 2011 at 18:40

Open car parking

Query 1
If an open car park slot alloted by the builder is big enough to park two vehicles, can it be divided into two by the society management for allotting to another member?
Query 2
If an open car park slot alloted by the builder is big enough to park two vehicles,do the owner can divide the same and sell to another member with out approval of society.

Anonymous   14 April 2011 at 18:18

regarding pay protection toex serviceman after reemployment

sir,
i am ex sgt samit kumar bhol retired from iaf from oct 2009.i got reemployment in india post as a postal assistant.i want to know i am eligible for pay protection or not from postal service.central govt is giving pay protection to ex seviceman after reemployment?pl give me answer

Anonymous   14 April 2011 at 17:43

what are licences to be obtained to open warehouse?

what are licences to be obtained to open warehouse?

Anonymous   14 April 2011 at 17:38

What do you define for Business


What do you define for Business







Anonymous   14 April 2011 at 10:58

Pagdi System

My father owned a Pagdi system shop in Mumbai and the landlord was issuing Rent Receipt on three names 1) My Father 2) Myself 3) My Brother.

My question is, my brother has transferred the said shop on his name without my signature. Can he do this without my signature, as I am one of the owners of the shop?

Anonymous   14 April 2011 at 08:48

consumer protection act section 27

1] In application u/s 27 of consumer protection act.opponent can pray for adjournment for deposing amount.
2]If autority rejects said application can opponent file appeal.