Dear Members
A Private Limited is availing Overdraft facility wherein the Immovable Property of a Director is mortgaged to the Bank. In such a scenario
1) will the company have to file CHG-1 since there is a provision in the eform to file details of borrowing wherein security belonging to other persons OR is CHG-1 optional since assets of the company is not mortgaged
2) In the balance sheet of the company, will such borrowing be shown as Secured or Unsecured, since the Company's assets are not encumbered in any way.
Thanks
Hello,
What is the procedure for a company to register a immovable property in its name if the property is currently belongs to another person who is not a shareholder of a company but he wants to be a shareholder of the company. The company has authorized and paid up capital of ? 1lac. Do we need to increase authorized capital and paid up capital of the company or transfer existing shares to the new person SH -4 will be enough? Please advise
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company
property
immovable
bringing
shareholder
Hello,
What is the procedure for a company to register a immovable property in its name if the property is currently belongs to another person who is not a shareholder of a company but he wants to be a shareholder of the company. The company has authorized and paid up capital of ? 1lac. Do we need to increase authorized capital and paid up capital of the company or transfer existing shares to the new person SH -4 will be enough? Please advise
--
company
property
immovable
bringing
shareholder
WHEN THE ASSESSEE HAD MADE ROUTINE REPAIRS AND MAINTENANCE WORK (CONSTRUCTION) ON EXISTING IMMOVABLE PROPERTY. AND THE WHOLE EXPENSE IS DEBITED IN PROFIT AND LOSS ACCOUNT. MEANS NOT CAPITALISED ANY AMOUNT. CAN THE ASSESSEE TAKE ITC FOR GST PAID ON SUCH EXPENSES.
Click here to view / answer Share it onDear sir, Kindly clarify the following query. Renting of property to open a food court/customer care for telephone operators(vodafone/airtel) in SEZ is amount to supply of services to SEZ?
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