CMA. CS. Sanjay Gupta's Expert Profile

Queries Replied : 24107

About me

"PROUD TO BE AN INDIAN"

Hi!

I am Sanjay Gupta from "City of Joy - Kolkata". I have completed ICWA, M.Com, CS, DIM and currently pursuing MBA. Presently i am working for Hindustan Aeronautics Limited, Barrackpore Division as a Dy. Manager (Finance). Prior to this, for last 3 years i worked for "West Bengal Industrial Development Corporation Ltd" as Officer On Special Duty and before that for 3.5 years i worked for "Jekay Group of Companies" as Manager (F & A).

I am a part of caclubindia Family to share whatever knowledge i have and also to enhance my own knowledge. We all learn something everyday, because education never ends be it in school, college, institutions or in Journey of Life.

My message to all "Keep Sharing your knowledge to help people. Knowledge increses by sharing and not by preserving"

Thanks for visiting my profile.

CMA. Sanjay Gupta

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Mahesh says : Road tax
i want to know regarding road tax. how it calculate. owned and company vehicle.it is one time or yearly,Qtly ?

CA Shruti Gupta says : rbi
Dear Member Greetings of the day! plz help me... is it necessary to take approval of rbi before change of registered office from one state to another state. if yes, kindly provide me any format of the same. thanks in advance

CA Shruti Gupta says : corporate law
Dear Sir one of my client has to register nidhi company but his previous lawyer registered his company as simple public limited company . so he wants to get registration under section 406 of Companies Act 2013 (section 620a of companies act 1956) can you plz tell me the conversion procedure , what should i do . i'll be very thankful to you.

Subrat Kumar Patra says : Convertible debt for an nri director
Hi, We are a startup and just got incorporated (17th Jul'15). Me and my wife are the directors in the new company with a 1L capital. The company will provide online gaming solutions to enhance skills of individuals (primarily children) through a subscription based revenue model. In order to start the operations we would need funds and hence will be appointing a 3rd Director (NRI friend) into the company. Once inducted we would look at a Loan from him which will be a convertible debt. An agreement will be executed highlighting the terms and conditions of the loan conversion to equity. The important one's being the following: 1. Interest rate of 9% 2. Tenure of 2 yrs 3. Conversion to happen when 2nd investor is wiling to invest 4. Valuation to be mutually agreed upon between Company & 2nd investor 5. Conversion to Equity @ Discount of 20% Loan amount to come from his NRE/O account. He is also ok to transfer the balance fund directly to the company's account. The whole amount will come over a period of 3-6 months. Pls suggest the most appropriate way of executing the whole transaction and the compliances involved. Regards Subrat

shubham agiwal says : INPUT SERVICE
MY CLIENT PAYING SERVICE TAX ON RENT OF HEAD OFFICE . CAN I TAKE SERVICE TAX CREDIT . MY CLIENT IS MANUFACTURER