Anonymous
13 June 2013 at 13:54

Net worth

Dear Mr. Suraj,

My quarry is related to CARO clause (x). To consider the net worth n/s 2(29),whether accumulated lossess be reduced from capital and free reserve or not? please

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Tejas Dhami

I want to change the residential status of a director from Non-resident to Resident.
DIN 4 application needs a proof of the residential status.
What will I have to attach to show that the director is a resident Indian.

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Priyanka Mahajan
10 June 2013 at 17:56

Llp

If two non CA form a LLP with LLP name starting with ca, is there any restriction on the same? i mean will they have to do any extra formalities for taking the name with ca?

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Pankaj Kumar Mali

Sir my client has declared dividend and issued a cheque but shareholder did not presented within 30 days and later on company re-validated the cheque otherwise it would have been dishonored, finally dividend was paid after six months when shareholder presented cheque to bank.
will it be regarded as unclaimed dividend and Companies provisions regarding transferring it into "unpaid dividend " apply ???

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Anonymous

The Company is exempted from cost audit but is required to file compliance report under the cost accounting record rules 2011.

The Company secretary of the company is also a member of the institute of cost accountants. Can he sign the compliance report?

Whether he being the company secretary hinders the signing of compliance report as a cost accountant under whole time employment of the company?

Pls reply

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Priyanka Mahajan

Dear Experts,

Can two sole proprietorship having same businesses be converted into a single Pvt. Ltd. Company?

Please reply....

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Anonymous
29 May 2013 at 12:52

Section 225(2)

section 225(2) of the Companies Act,1956 says that, On receipt of notice of such a resolution, the Company shall forthwith send a copy thereof to the retiring auditor.

I want to know that, who will send such resolution to the company?
and complete interpretation of this sub-section.

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Anonymous

How are Companies benefited by increase in their authorized capital?

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Anonymous
28 May 2013 at 16:44

Receipt of payments from clients

I am working for a company in service sector where a lot of clients pay for bills issued in name of client company through there personal accounts or accounts other than company accounts.

My query is; whether our company can receive the same through individuals/other accounts or insist on payment through company only in whose name bill is issued?

Are there any limitations under Income Tax Act 1961 or Companies Act 1956?

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Naresh Kumar

Dear Seniors,

A director has been appointed as Additional director in professional capacity and other director has been authorised in the board to sign the e form 32. the appointed director is a Practicing CA by profession.

whether he can certify the said form 32 as a Ca in whole time practice. if no, where it is written.

Please make it solve asap.

Thanks to all in advance

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