has any one applied and got relief of compounding?
how does it work
can we get out wiith zero liability in case of genuine cases.
I see that even not filing annual return can allow Officials to levy 50000 penalty . what should we do if they levey 50k for one day delay of Annual return
also like not appointing auditor in 30 /90 days can attract 5 lakhs penalty..
please share if u have applied and gone through the process of compounding.
Hi,
A company had received an oral order from Regional Director asking to pay Rs 1,25,000 each for directors and the company. (consisting of 1 Indian and 2 foreign director) for violation of Section 96-98.
Payment in case of Company and 1 Indian director has been made.
But while making payment in case of 2 foreign directors, an error message is popping up.
Please advice on how to make the payment in such case.
Individual retirement is due on 31 jan 2020. GPF deduction from Apr 19 to Jan 20 is 160000/- Total GPF amount will be paid to the individual on 1 Feb 2020 as retirement due. Will he entitle to claim 150000/- GPF deduction under 80C for FY 2019-20.
Click here to view / answer Share it on
retirement
case
rebate
Dear All members,
Please clarify how the other directors can appoint if existing directors are disqualified as amended in Rule 25A by Notification G.S.R. 793(E) dated 16.10.2019
II. in rule 25A,-
in sub-rule (1), in the fourth proviso, for the item (iii), the following shall be substituted, namely.-
“(iii) DIR-12 (changes in Director except in case of:
(a) cessation of any director or
(b) appointment of directors in such company where the total number of directors are less than the minimum number provided in clause (a) of sub-section (1) of section 149 on account of disqualification of all or any of the director under section 164.
(c) appointment of any director in such company where DINs of all or any its director(s) have been deactivated.
(d) appointment of director(s) for implementation of the order passed by the Court or Tribunal or Appellate Tribunal under the provisions of this Act or under the Insolvency and Bankruptcy Code, 2016).”.
disqualified
director
existing
case
appointment
Dear Members,
The scheme of Bonus issue has been approved by Shareholders and one of them is a Foreign Company for which FIRMS has to be filed ?
Please advice......
Bonus shares shall be issued out of capitalizing Security Premium Account.
Thanks in Advance....
Facing problem while preparing P&L account for the F&O Trader under tax audit. The turnover, in this case, is Profits + Losses + Premium on options if any. So if this is the turnover, then how to get to the net profit/loss in the P&L account? What will be the value taken for the purchase?
Click here to view / answer Share it onHello Members,
If today we are issuing shares on right issue basis so in that case can we take the price (Book Value) as on 31.03.2019?
Dear Members,
Please let me know if we have to surrender PAN and TAN since the company is under liquidaiton process with the NCLT, Delhi Bench.
What will be the process for this.
liquidation
case
surrender
How to file INC-22A Registered Office Details when one of the Director is Disqualified and System is not accepting the form?
In case a transfer has not been registered in the books of a company, then the transferor can entitled to receive dividend if he is a registered holder as on the record date?
Click here to view / answer Share it onIn case the beneficial holder and registered holder are two different people, who is entitled to receive the bonus shares /right shares (if any) declared by the company?
Click here to view / answer Share it onholder
registered
separate
both
beneficial
issue
case
right
Dear Members,
How does a director resign from the board in a Pvt. Ltd., Company if the Board fails to accepts his resignation ?
Thank you !!!
board
acceptance
case
resign
director
