In the case of a listed company where the profit & loss statement reflects a loss for FY 2022-23, and the company intends to provide remuneration of Rs. 48 lakhs in FY 2023-24 with a paid-up capital of Rs. 4 crores:
1. If the option of Part II of Schedule V, Section II is chosen, is approval from members required?
2. Which financial year's profit should be considered for calculating Section 197?
Could someone please assist in resolving these queries?
How are between holding and subsidiary companies?
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distributed
profits
dividends
Hello Professionals
What is a Not-for-profit organization in the context of Social Stock Exchange? Or Which entity can be identified as a not-for-profit organization in the context of Social Stock Exchange?
Hi Members
Can a company that has inadequate profits or has incurred
loss in the immediately preceding financial year declare an interim
dividend out of the accumulated profits of the previous financial
years? Also, is there any restriction on the rate of dividend?
profits
inadequate
case
dividend
declaration
Whether the ‘average net profit’ criteria for section 135(5) is Net profit before tax or Net profit after tax ?
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Dear All,
Greetings!!
Where CSR activities lead to profits, how should such profits be
treated?
can it be included in 2% of net profits that is to be spent on CSR that year.
Thanks in advance
activities
profit
treatment
Dear all,
Please guide me for the following transactions treatment while recalculating profit as per sec 198:
1. ESI/PF Payable
2. CSR Donation made of previous year
3. Loss on sale of FA (Loss is lesser than WDV of Assets)
4. Fixed Assets Written off
under
profit
calculation
Dear Members,
Can any one please share the draft of supplemental agreement for change in profit sharing ratio.
It's urgent.
Thanks in advance.
Dear All,,
"On every Company having Net worth of Rs. 500 Crore (Rupees Five Hundred Crore) or more, or Turnover of Rs. 1,000 Crore (Rupees One Thousand Crore) or more, or Net Profit of Rs. 5 Crore (Rupees Five Crore) or more during the immediately preceding financial year."
In this regard, please suggest, whether, Net Profit means Net Profit before tax or Net Profit after tax.
provisions
applicability
respect
profit
meaning
Dear All,,
"On every Company having Net worth of Rs. 500 Crore (Rupees Five Hundred Crore) or more, or Turnover of Rs. 1,000 Crore (Rupees One Thousand Crore) or more, or Net Profit of Rs. 5 Crore (Rupees Five Crore) or more during the immediately preceding financial year."
In this regard, please suggest, whether, Net Profit means Net Profit before tax or Net Profit after tax.
provisions
applicability
respect
profit
meaning
Dear Members
Please clarify following:
Can a partnership be formed with one of partner with zero or with Contribution of Rs. 1 and if yes can he be shared 30% of profit in partnership?
sharing
partnership
profit
contribution
capital
query
Is it mandatory to state the date of signing the balance sheet and p&l by auditor and director? If yes can you quote the provision.
