Murali
27 May 2010 at 15:48
Facts:
Company is a based out of Chennai which has incubated several companies to fill its mission and acts as holding entity.
The above companies ( 100% subsidiary of IFMR Trust ) are separate legal entities in the eyes of law. Now due to the issue of capacity utilization at those companies, few core functions like Human Capital, Accounts, IT, Administration, Travel Booking etc are centralized at the Holding entity level and not built in the respective entities, however at the end of the FY when Book closure happens , Trust allocates the cost to the respective entities based on the number of head count in the respective companies.
To give an example, Total salary cost incurred by the Company under various cost center is as follows:
Human Capital Rs 5 lakhs
Accounts Rs 3 lakhs
Admin Rs 2 lakhs
Total Cost is Rs 10 lakhs
Now, if there are 20 employees across 5 different companies, the total expenses of Rs 10 lakhs is divided by total head count which comes to Rs 50k per person which is then allocated to each companies based on the count. So if Trust has 5 employees, it will absorb, 50K*5 = Rs 2.5 lakhs, Company B has 10 employees- it will absorb Rs 50* 10 = Rs 5 lakhs and so on and so forth. . “There is not even Rs 1 mark up on the entire cost allocation”
“So , based on the above principle, expenses are apportioned on the group companies and booked as expenses in the respective companies by giving credit to the overall expenses”
Query: Sir, based on the above facts, we would like to approach your good self to have a formal opinion on the above said transaction with specific focus on the applicability of Service Tax Act.
Also , we would like to understand in details, the type of records or documents to be maintained by the company and the companies to substantiate these expenses – like MOU.
Is there any other implication from any other regulation perspective.
Currently the offer letters are issued from the company but those employees are working for other groups also .
Further neither the Trust intends too no desires to view this transaction as a service from an overall perspective
Anonymous
27 May 2010 at 15:09
Dear sir, i had a LLB friend who has a member in bar association from 2005 and he is not practicing since then, and he joined in pvt ltd company as "Manager accounts-admin" with out intimation to the bar association. Now recently he joined in LLM-Corporate Laws and he has passed the course. He has been asking me to what to do with corporate laws should i continue practice or pvt job in pvt job there is no respect and job security kindly sugest what to do
Anonymous
27 May 2010 at 14:22
My grand mother in death of 10 years. my grand mother property has transfer to my grand father, my father & my Uncle in Madhya pradesh state property act. please information me this is rule are here.
Anonymous
27 May 2010 at 13:26
notice was sent and it was refused on 20.11.09 whereas the notice was received back on 03.12.09. complaint filed magistrate is of the opnion that the day notice was refused the limitation for filing complaint starts from that date. Complaint has been filed on 16.01.10 taking date of receipt of notice by the advocate of the complainant. please suggest how process can be issued under 138 of Negotiable Instruments act or other remedies to recover the money>
PrnBCRBant
27 May 2010 at 13:21
Dear Experts,
My query is;
Mrs. X (a Hindu by religion) has married for the second time, on the demise of her first husband & She has got one child from her first husband. Whom the 2nd husband (also a Hindu by religion) has also accepted as their child.(No records for such acceptance)
Now my question is
As the child is to be admitted to the school in the coming years, whether her real father's name to be provided or is it her step father's name. which one is best suited as these records is going to affect in every step of this child's life as evidence of identity etc., Please guide me in this regard.
Thanks in advance.
JM Singh Verma
27 May 2010 at 13:08
I want to know the following please,
>When and how is electronic evidence valid like telephonic recording, tape recording etc.
>In the Indain eviddence act under what section is it clarified?
>Can recording done via internet(skype) or cam be submitted in the court as evidence and what is its validity?
>Is is compulsory to get the electronic recordings verified by forensic lab for genuienity?
>Any other information and legal points with regard to recording of coversation and its legal viabilty may please be highlighted.
> The relevant sections and clauses may also be expressed in the reply.
Thanking the experts for their advice and reply.
Anonymous
27 May 2010 at 13:05
What is latest order/judgement relating to flower pots/ flower beds in society buildings
Anonymous
27 May 2010 at 13:02
hindu,wife deserted after two months of cohabition with pregnency(male child).she wants me to get to her home and need salary and leave my old father.after one year i gone for rcr.she filed 498a case on my father and brother.in case she stated that
"my father & brother demanded dowry and she given some times and harassed with unto words after failure of giving dowry she necked out from our house"
this is all false.
1)what are the "facts in issue" inthis case?
2)if i prove this is a false case is there any ground for divorce?
3)what is the difference between "not proved" and "dis proved"?
Neeraj
27 May 2010 at 12:47
What is the procedure to transfer the house in legal heir's name in Ghaziabad City. The property is in Father's name who is no more and mother was also expired few years back.
The legal heir are two brothers only.
Please help us what is the step by step procedure that we have to follow in order to get the properly transfer in legal heir's name.
Regards
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