hello sir hare krisna help me regarding allied laws
payal gupta
(ca final student)
(482 Points)
Replied 20 March 2014
hello sir hare krisna help me regarding allied laws
pratik jain
(practicing chartered accountant)
(828 Points)
Replied 22 March 2014
1. Yes this remittance under technical collaboration point is deleted but ICAI does not update its mat .Plz give alternative answers citing new and old legal position (no option buddy!!)
2. P and I stands for Protection and Indemnity Insurance .Its popular marine insurance provided by P & I club .This P and I club works like a cooperative scheme which provides risk cover to its members who are mainly ship owners and ship operators.If indian ship owners wants to join this international club he must pay membership fees in Foreign currency terms .for such remittance CG approval is needed.
3.In Nepal and Bhutan rupee transactions allowed .So govt bannned drawal of Forex for visting or dealing with these 2 countries .Read below :
In terms of Reserve Bank Notification No FERA.7/74-RB dated 1st January 1974, for purpose of transactions in Indian rupees, undernoted categories of persons, firms, companies (including banks), et. resident in Nepal and Bhutan are treated as resident in India---
pratik jain
(practicing chartered accountant)
(828 Points)
Replied 22 March 2014
Dear payal jai sri krishna .
Plz check my FB page for allied laws audio . Imp chapters of allied law I will explain there .Hope it helps .All d best
.https://www.facebook.com/pages/CA-GUIDE/267311140095928
CA Pratiik Jain
payal gupta
(ca final student)
(482 Points)
Replied 26 March 2014
thanks sir and also have querry regarding co. law
my question is whether increament in sitting fees as per provisions of sec 310 & 311 attracts the provisions of sec 299 means whether called as intersted or not? plz explain with reasons?
uditj
(student)
(60 Points)
Replied 26 March 2014
Pratik sir,
Can you please list the Allied Laws in terms of importance from examination point of view?
pratik jain
(practicing chartered accountant)
(828 Points)
Replied 01 April 2014
dear payal srry 4 d delay (march pressure u knw)
Sitting fees is given to non executive directors of the company who attended the meeting and if the director attended the meeting he is entiled for sitting fees.
Section 300 does not have any thing to do with sitting fees.If the director is present in the meeting for the purpose to participate in the proceedings in the meeting The sitting fees is payable to him whether no business could be transacted at that meeting. This has been clarified vide circular no. 1 of 1972 dated 2-2-1972.
I think increase in sitting fees does not attrct sec299 or sec 300 .
Just check below limits
|
Distribution of Remuneration |
||||||
Part time directors
|
Fees for attending each BOARD MEETING or Committee Meeting(Sitting Fees) .MAX per Dir per BM is as follows:
beyond above limits Cg approval |
pratik jain
(practicing chartered accountant)
(828 Points)
Replied 01 April 2014
dear udit in allied law any topic may b asked so preapare all of them .
Still order of preference is:
1..interpretation of statutes deeds documents (5 marks every term)
2. FEMA (5 marks minimum asked)
3. Comepetition
4. SCRA
5. SARFAESI act
6.SEBI act and ICDR (5-10 marks but very tough bco too many guidelines)
7. Other chapters money laundering ,banking ,insurance etc
Leave sebi prepare first 5 then just read money laundering ,banking etc questions from mannual and last 2 term rtp .If still have time n energy go for sebi in last .
All d best !!
Fahmeedha parveen
(student)
(76 Points)
Replied 03 April 2014
payal gupta
(ca final student)
(482 Points)
Replied 06 April 2014
hello sir one more querry regarding celing limit on audit as per CA ACT
is it 30 or 45 including private companies ?
companies act ke according to 20 hai excluding private companies.
pratik jain
(practicing chartered accountant)
(828 Points)
Replied 08 April 2014
pratik jain
(practicing chartered accountant)
(828 Points)
Replied 08 April 2014
payal gupta
(ca final student)
(482 Points)
Replied 13 April 2014
thank u sir i'm confused in this bcoz kisi book me icai notification ke according 45 audits diya hua hai including private co.
Gajendra T.S.
(G)
(54 Points)
Replied 18 April 2014
Gajendra T.S.
(G)
(54 Points)
Replied 18 April 2014
Gajendra T.S.
(G)
(54 Points)
Replied 18 April 2014
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