An Indian Company has a Foreign Subsidiary.The Indian Company is a partner in a Partnership Firm based in India.

Can the Foreign Subsidiary of the Indian Company be a partner in the Partnership Firm and induct Capital in it? If so,what shall be the tax implications of the interest payable to the Foreign Company on its Capital in the Partnership Firm?

What are the pros and cons of such a software

Can anyone please clarify whether a RETIRING AUDITOR has the privilege to issue a Legal Notice to a Client for non payment of outsanding Audit Fees duly being reflected in Balance Sheet??

If Not what is the alternate mode of Recovery?

Vivek Gopalakrishnan
CA Final Stdent.

X is pvt limited company.Y is semi government organsiation i.e. MMRDA. Now MMRDA has appointed nominee directors on the board of the X. If some contract needs to be entered into by X with MMRDA pertaining to services provided by MMRDA. In such case whether nominee directors shall be considered as interested in this resolution as per sec 297 and 299 of the companies act,1956.

The Companies Act, 1956 amended effective December 2000 stipulated that existing private companies are restricted from acceptance of deposits from the public.However,Rule 2 clause (b), sub-clause (ix) of the Companies (Acceptance of Deposits) Rules, 1975 permits:
" any amount received from a person who, at the time of the receipt of the amount, was a director of the company or any amount received from a relative of a director or its member by a private company "

The question is whether Private Companies formed prior to this amendment,are required to amend the Articles with regard to the restriction to invite deposits from the public ?

Regards,
Rajiv Kaicker

i filed form 1, 18 & 32 for incorpartion of Pvt co. I Recevied a mail in which Roc has mentioned two defects in MoA & AOA.My qus. is Whether stamp duty is requried to pay again with Amended MoA & AoA.In Mail, there is no point regarding Stamp duty paid again or not??? pls help

A public ltd. unlisted company has reappointed MD and has increased his remuneration which is not in accordance of shedule xiii, no special resolution was passed and no central government approval is obtained.The company has not started commercial operations yet. What consequencies company may have to face now and what remedies are available.

In Annual Return Point No. VIII Equity Share Capital Break Up, I have following Query:

Holding Co holding 96.07% equity capital in subsidiary Co. & remaining shareholding holds by one Director of the Subsidiary Co.

Holding Co, Transferred 90 Shares of Subsidiary Co to its representatives.

While filing of ROC Annual Return of Subsidiary Co, in point No. VIII what will be % under Bodies Corporate, Director/Directors Relative?

In Point V of details of shares held at date of AGM, will the name of nominees/represenatives appear or not?

Kindly revert.

Hey all plz help

I want to incorporate a ommodity trading company is there any approval for the same required before filing Form 1A with regards to point 10.

Hey all

can any one help me with the main objects of Software company

and also it shd be related to mobile

bcz the main company is mobile company