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Neethu Therese

Can a Private Company pay Ex Gratia amounting to Rs.25 Lakhs to its director? The director is drawing salary from this company on monthly basis. What are the Income tax and Company Law implications in this case?


Ajay S.Yadav
27 February 2024 at 13:33

CSR Non applicability.

One of My Clients had crossed the threshold limit of profits mentioned for the applicability of CSR as mentioned in sec 135 CSR, in the FY 2019-20
Hence CSR was applicable to my client for the
FY 20-21
FY 21-22
FY 22-23
And accordingly 2% of avg past 3 years profit was incurred for CSR Expenditure from FY 20-21 to FY 22-23.

Now the Client has not crossed any threshold limits as mentioned in section 135 of Companies Act 2013, from FY 20-21 , will the CSR provisions still apply to the client for the FY 23-24? Please response as per latest Law , Rules and Regulation.


info SKA

An explanatory statement under section102 for obtaining dormant status


rahul jackson

A company is planning to strike off as it is not willing to continue its business operations. They are considering conducting a share buyback during this phase while filing nil returns. Would a share buyback impact the strike-off process, considering there are transactions involved in this action?


Kavita R

Kindly let me know the procedure for transfer of shares from a deceased director to other directors in case of a private company.

Can it be done by SH4 or what documents are required?

Kindly advise .


PRABHAKAR PAL
19 February 2024 at 16:21

ROC form MGT-14 filing

MGT-14 is to be filed to register Special resolution regarding alteration of Object Clause on MOA. After filling of all pages in the ROC portal when "Proceed to EMOA/EAOA" page appears and clicked on it, the same does not open. This is heppening since 15 days past. When complained the system tells us to post Screen Shot. After clicking on "Proceed to EMOA/EAOA" it simply does not open. What screen shot should I give?
Can any one help me to file MGT-14?


Kavita R

Our company directors own shares of ABC LTD co. and they received a notice for transfer of beneficiary interest in shares to the company. so what is the meaning do the directors loose their shares or only they will not receive the benefits like dividend. Kindly advise


hitesh patil

Hi

Pls I need latest updated drafts for shifting registered office from pune to Mumbai i.e one roc to another roc within State of Maharashtra

Pls can share drafts


Hitendra Agrawal
08 February 2024 at 11:02

IFC Applicability for Singapore Company

The Company is having its Head Office at Singapore, Regional Office in Middle East and Branches all over the world. The Turnover Limit is USD 10 billion. Whether IFC or ICFR applicable on these entities?


Jayalakshmi Ramasamy
05 February 2024 at 12:38

Related party transactions - query

IS A LOAN GIVEN TO OTHER COMPANY TOWARDS TAX PAYMENT, WHICH IS A SHAREHOLDER TO BE TAKEN UNDER RPT TRANSACTION?
eg: A company given loan to B company for payment of tds monthly.

Kindly clarify.







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