Answer / saju

can not accept; If accepted Section 58A of the Companies
Act will be attracted. As per Companies (Acceptance of
Deposits) Rules 1975, the rules made u/s 58A, a private
company can accept deposits/unsecured loans (only) from
members, directors and directors' relatives, provided a
declaration as per rule 2 (b) (ix) is obtained from them
while accepting such deposit/unsecured loan.

what is subsidiary company, explain brief?

7 Answers   Reliance,

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What is the criteria for appointment of a CS in a company?

3 Answers  

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"X" company paid the salaries to staff. Then what are the entry? Is debiting the employee A/c, or Salary A/c? If salary A/c debited, how we can find if "a" employee salary paid or not? If we debiting the employee A/c, how to find how much amount we paid for salaries?

2 Answers  

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what is the difference of Capital and Investment?

11 Answers  

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what is the meaning of CTT

2 Answers  

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Hi I would like to know about TDS on Service Tax invoices.We are in rental basis shopping mall.We will raise the bill with service tax.2 types of invoice 1 Rental Invoices with service tax 2. Comman Area charges with service Tax Please let me know how the tenant need to deduct the TDS On gross or Basic.......?

3 Answers   Future Group,

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Expand---------MDRT

2 Answers  

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How to analyse the day to day sensex Points or Forex Values?

0 Answers   Cognizant,

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What is preferential order of payment to the following in the event of winding up a company? What is the correct order??? 1.Bank loan(secured) 2.Preference share capital 3.Debentures 4.Equity shares

1 Answers  

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What is US GAAP describe..? What is the different between US GAAP and Indian GAAP...?

1 Answers   Berger Paints, Wipro,

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Income Tax Department sends cheque for INR 2 Crore as Refund after completion of Assessment for A.Y.2011 - 2012 to a Company. As per IT Return filed for this year I.T. due to Government was INR 60 Lac but was assessed at INR 70 Lac. TDS due to Company was INR 3 Crore which was admitted as INR 2.7 Crore by Government. Government also adjusts Tax dues for A.Y. 2009 - 2010 of INR 40 Lac which was disputed earlier by the Company and Appeal was lying with the CIT. Government pays Interest to the Company amounting to INR 40 Lac. Provision for Income Tax made by the Company in its accounts for F.Y. 2010 - 2011 (A.Y. 2011 - 2012) was INR 50 Lac. What would be the Journal Entry at the time of receipt of Refund of INR 2 Crore from the Government in A.Y. 2014 - 2015 in the books of the Company?

0 Answers  

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what is final accounts consisting

6 Answers   Cipla,

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