Dear All.
As per Section 115BAB of Income Tax Act, Income tax on new domestic company incorporated on or after 1st October 2019 be 15 %.
Is that provision will also be applicable if we convert partnership firm into private limited company under part I of Companies Act,2013 ?
Thanks & Regards,
Dear All.
As per Section 115BAB of Income Tax Act, Income tax on new domestic company incorporated on or after 1st October 2019 be 15 %.
Is that provision will also be applicable if we convert partnership firm into private limited company under part I of Companies Act,2013 ?
Dear Sir,
one of Pvt. company wants to give provide guarantee to another pvt. Company in which the directors are common.
The Guarantee will be provided on the property of first company. which will be more than the limit provided in section 186. Please guide what compliance required under Law for this transection.
Dear All,
Mr. A is an architect and he wants to form a company or LLP with his wife who is not architect.
Can he do so, as I think both the directors or partners need to be of same profession.
Also I can form an OPC, With him as a director and his wife as Nominee.But then again if turnover crosses the limits, they will have to form a Private Company??
Your views solicited.
Can anyone provide me a well-curated due diligence and secretarial audit checklist
Dear Members,
Query is as follows:
There is an increase in remuneration of Mr. _____ (WTD) for which a special resolution is passed in the AGM. As per the explanatory statement the following terms is mentioned:
Salary, Allowances and Perquisites (including benefits, facilities and amenities): Rs. 3,75,00,000 (Rupees Three Crores and Seventy Five Lakhs only) per annum, with the authority granted to the Board of Directors (hereinafter referred to as “the Board” which term shall include in Committee of Directors) to determine the remuneration including inter-se breakup thereof and grant increases from time to time not exceeding 20% per annum but subject to shareholders’ approval in the General Meeting.
Can the above clause be altered in such a way that if the shareholders approve for increase of 20% p.a in this AGM, the shareholders approval would not be required in the next AGM if the remuneration to be paid is increased from 3.75 Cr to say 4 Cr?
Please help in this matter and guide accordingly.
Dear All,
A Pvt company have 2 directors of which one director is disqualified and others died. the status of the company is active non-compliant.
The company wants to strike off, what could be the procedure.
Respected Professionals,
Has anyone carried out the process of issue of debentures in the private company?
Can anyone please provide the checklist along with the format of documents required to get ready for the above purpose?
Waiting for all your guidance and response.
Thanks in advance
Dear Colleagues,
Is it necessary to pass a board resolution for payment of salary to a director of private company. The director is on the payroll of the Company and he is executive director. According to my opinion the sections relating to managerial remuneration are applicable to public companies and private companies. So there is no need to pass a resolution for payment of salary to executive director of private company.
Respected Professionals,
Has anyone carried out the process of issue of debentures in the private company?
Can anyone please provide the checklist along with the format of documents required to get ready for the above purpose?
Waiting for all your guidance and response.
Thanks in advance
private
company
debentures
issue
pertaining
query
Dear Colleagues,
We were filing the annual returns for a new client. We've prepared both the AOC 4 and MGT7 of the company. However only on presructiny, we noticed that the MGT 7 needed the sign of a CS. We are a CA firm and don't have a CS. The company didnt have any transactions during the year so no one noticed this earlier.
Would a CS do a certification of only MGT7. Can someone help with this?
We have kept the AOC 4 on hold for now.
Dear All,
Can a Public subsidiary company give loan its Public Holding Company. There are common directors on Board.
