Expenses incurred on implementing ERP, what treatment is to be given? For this purpose following expenses are incurred.

Computer Hardware (servers etc.)
Computer software (payment of licence fees etc.)
Professional fees (payment to implementing agency)

How these expenses are to be treated in books of accounts, whether to claim as revene expenses or capitalise and claim depreciation.

If to be capitalised, please specify rate of depreciation both under cos act and income tax act.

Thanks,

WE ARE PARTNERSHIP FIRM WITH TWO PARTNERS. WE WISH TO CONVERT THE EXISTING PARTNERSHIP FIRM INTO LLP WITH THE EXISTING PARTNERSHIP CAPITAL EMPLOYED AND PROFIT RATIO. PLEASE EXPLAIN COMPLETE PROCEDURE.

IS NEW REGISTRATION REQUIRED WITH THE EXCISE, SALES TAX & OTHER DEPARTMENTS?

IS NEW PAN NUMBER AND TDS NUMBER REQUIRED?

ANY CAPITAL GAIN?

THANKS

SANJIV BATRA

Hi Friends
My query
On whether the following 2 company are related or not
Apple Pvt Ltd Company, where Mr A and Mr B is a director ,
Orange Ltd Company is another Company where Mr A is the director, and
Mango Ltd Company is another Company where Mr B is the Director.
Now there is a transaction between Orange and Mango, wheather in the annual report of Orange Ltd it has to be reported, whether Sec 297, 301, and AS-18 will apply
Hope you understand my question
Thanks and Regards
CA L.GopalShah
Chartered Accountant
Bhubaneswar

Can anyone pls provide a checklist for statutory compliances to be followed by listed companies with regard to Stock exchanges, SEBI if any & ROC

A pvt. Ltd. Co. in which subscribed capital is Rs. 300000/- at the time of incorporation and there was three subscribers to the Memorandum.
One of them is not paid money at the time of allotment.

Wat should we do for his shares i.e. for 10000 shares for which his name is already mentioned in MOA and we are not getting any subscripttion money from him.

Now the queation is wat is subscribed, paid up and issued capital of the company.

Q. What does it mean "WHOLLY OWNED SUBSDIARY" if a company have to have atleast 2 SH

Q.1 We are planning to make a parent holding co. for bette control and also for fund movement in group companies. So which form of company would be
better for this. NBFC, PVT co, or PUBLIC Co. or any other?

Q.2 In case of wholly owned subsidiary there is only 1 shareholder. Then what would happen in AGM, as in AGM 2 members required for quoram to held AGM for a PVT LTD Co.?

Dear members,

Kindly claarify me on the following:

A private limited co. is to be formed for the purpose of carrying on real estate business (construction of residential premises)in India? The company is to receive funds from abroad for the share capital. What formalities are there that we have to take care of for receiving such funds in a Pvt. Co as under FEMA, RBI & Cos Act?
Is the co. restricted from obtaining FDI for carrying on the above business?

regards

Raja rajeswari S

Kindly advise the full section which narrates Related Party transactions under the Companies Act.

I wanted to know the obligations for the company as well as its Directors for Related Party transactions.

Thanks in advance.

Sir,
If a non listed public limited closely held company is having paidup capital of more than 5 crores and it does not have whole time company secretary till date.
Is it mandatory for the company to obtain Compliance Certificate and file it with ROC or is it advisable to file it in absence of company secretary.
How long company can be functioning without whole time company secretary with it. What are the penalties for non appointment of Company Secretary.
Thanking you in advance.