In the Companies Act, 1956 there is no ward as ‘Wholly Owned Subsidiary’ (WOS), WOS means a company of which entire equity share capital is held by other Company. For example A company holds entire equity shares of B Company in this case B Company is WOS of A Company. Question: Now the Question is X company has paid up equity share capital of Rs.50000 (5000 shares each of Rs.10).Out of which Y company holds 4990 shares in its own name and remaining 10 shares Y Company holds in its name in 10 different folios (one share in each folio) along with 10 different individuals in the style first name is of Y limited and second (joint name) of individuals like A,B , C…… to J.In such case will X limited be deemed to be a WOS of Y Company ? If yes then how? After this question one more question will come up related to this question

2733

how computation of tax for toll naka will be done

2141

whether we are liable to deduct WCT TDS on CMC contract of equipments. (in both cases of company & non-company)

3708

If the penalty for parking on a double yellow were death, and therefore nobody did it, would that be a just and effective law?

647

Should the law be black and white, or should it be flexible enough to look at each case on an individual basis?

607

hi, the officer refused my visit visa b1/b2 due to 214b after i submitted for him my son american passport, after he knows that my son born in us while we were in us last trip. could you advise me what i have to do next interview

1644

Do we have an obligation to obey the law?

685

this is question regarding corporate law and regarding "Return of Allotment" in case of shares My question is we have a share cap of 1lakh that we increased to 50lakh so when should I file return of allotment to registrar do I need to file 2 times now because at the time of SC 1 lakh I did to file any return now I want to file return of allotment pls suggest how should I file and relevant enclosures to the return of allotment

1750

What would it be like to live in a country with no laws?

600

WHEN WRE RECEIVING A MATERIAL FROM A THIRD PARTY(A) WHO IS NOT OUR VENDOR(B) AND OUR VENDOR(B) IS PURCHASING FROM HIM (A),BUT WE ARE GETTING THE MATERIAL DIRECTLY FROM THE THIRD PARTY(A).THEN WHAT IS THE CRITERIA TO ISSUE THE WAYBILL AND TO WHOME WE WILL ISSUE THE WAYBILL

1874

I have purchased bitumen from outside state. please confirm whether i have to pay difference vat on purchases value apart from entrytax

1622

Case study 2. After years of good performance. Happy homes apartment building was sold in 2002 for $20, 00,000 and the new owners refurnished all apartment units. In 2003 the apartment building was re-opened. Please analyse the income statement below and explain the income trends. The building has 1600units was built in 1971, and the current loan balance is $16,395,772. Period ended Statement classification (wi) 31/12/06 31/12/07 31/12/08 31/12/09 Occupancy 95% 90% 92% 95% Base rent $1,100,000 $990,000 $950,000 $990,000 Laundry vending $12,000 $11,000 $11,000 $30,000 Parking income $42,000 $40,000 $41,000 $60,000 Other income $3,000 $8,000 $21,000 $20,000 Effective gross income $1,157,000 $1,049,000 $1,023,000 $1,100,000

13042

Are you willing to go through the accreditation process for police station advisors?

1647

computation of advance tax for the assessment year 2010-11

1626

what is non tax audit & due date for & if return is not filed within due date then

1770