Login  |  Register  |  Forgot Password 
Below Login Ad
All Queries |  Resolved Queries |  Today Queries |  Become an expert Ask Query


Posted Date : 11-Jan-2019 , 05:08:40 pm | Posted By: RAJEEV ARORA

Category : Corporate Law | Answers : 0| Comments : 1| Hits: 112

1.First query is related with sub section 3 of section 198 of companies act 2013 which says that credit shall not be given for the following at the time of computation of net profit. We have doubt related with point no .C which is as mentioned below:-( we need clarification as we have to calculate net profit for the purpose of computing CSR expenditure) "(c) profits of a capital nature including profits from the sale of the undertaking or any of the undertakings of the company or of any part thereof;" Does this point cover profit from sale of shares or mutual funds? as in our case we are private limited company and we have other incomes as well in our profit and loss account which includes profit from sale of shares and mutual fund.Can these be covered with capital nature transaction? Please clarify. 2.Second query is that we have purchased car in the name of company and have financed the same from the bank .Is there any requirement to register the charge with ROC for creation of charge? Basically we would like to know is it necessary for private limited company to register the charge of motor vehicle with ROC.

Posted By : YUGENDRA NAGPURE 12-Jan-2019, 05:26:34
Answer of:- Query1: Net Profit for CSR contribution as per Section 198 of Companies Act, 2013 does not includes Profit on sale of Shares & MF. Query2: Principle rule of Creation of Charge is that “Charge will be creating on the Assets of the Company”, Assets as defined in Schedule III of the CA-2013.Hence co is required to register the charge of motor vehicle with roc.

Search By Categories

More Categories

Hall of Fame for Queries

Name Pic Queries Rank
Rambabu Senkarasetti 569 17
Vaneet Gupta 560 11
CA Satuti Mahajan 360 26
Ashish Karundia 317 12
Rishabh Upadhyay 300 23

Search Question:

...keeps you updated


  |  News

  |  Articles

  |  Discussion

  |  CA Firms

 |  Members

 |  CA Community

 |  Jobs

 |  GST Calculator

 |  Empanelment

 |  Files

 |  Matrimonial

 |  Students zone

 |  Queries

 |  Classified Ads

 |  Events

 |  About us

 |   Top Members

 |  Coaching Centres

  | Testimonials

 | Judiciary

 | Notifications/Circulars

 | Book

 | eDirectory

 | Interview

 | Website

 | Emails

 | Software

 |  Score Board

 |   Press Release  

 |   Blood Bank  

  |   Opinion Poll  

  |   Feedback
 |   Advertise us

 |   Terms & Conditions

 |   Contact us
 |   Blog

  |   Sitemap

  |   Income Tax

  |   Auditing

  |   Bank

  |   Bank branch audit

  |   Banking

  |   Black Money

  |   CA

  |   CA Announcement

  |   TDS

  |   Students Zone

  |   Custom

  |   VAT

  |   Service Tax

  |   Corporate Law

  |   General

  |   Excise

  |   SEBI

  |   Finance

  |   GST

  |   ICAI

  |   FEMA

  |   ICWAI

  |   ICSI

  |   DGFT

  |   RBI

  |   IFRS

  |   CAG

  |   Budget

  |   Merger & Acquisitions

  |   International Business

  |   Shares & Stock

  |   Excel Tips

  |   International Taxation

  |   ITR

  |   Chartered Accountant

  |   Tax Audit

  |   Companies Act

  |   Money Laundering

  |   MCA

  |   Income Tax Refund

  |   NPA

  |   Income tax software

  |   CST

  |   CA Exams

  |   CA Results

  |   CBDT

  |   Accounting Standards

  |   DIN

  |   Judical Announcement

  |   MDP

  |   PAN

  |   Whats App

  |   Secretarial Standards

  |   NGO

  |   CA Convocation

  |   Finance Bill

  |   ICAI Notification

  |   CARO


  |   Accounts

Follow Us : Twitter Icon Facebook Icon Orkut Icon Linkedin Icon Linkedin Icon


Developed By: CASANSAAR Copyright © casansaar

Top Accounting Firms,CA COMMUNITY,CA SANSAAR,Chartered Accountant,Ca Networking Firms,Partner Portal,Ca Assignments,CA,Online Communities For Chartered Accountant,Circle For Ca,CS,CMA and FINANCE,Articles By CA / CS / CMA,accounting news articles,Ca Firms In Delhi,CA ANNOUNCEMENT

accounting jobs,article trainees,best website creator,empanelment,income tax slab, ITR, TDS Chart,budget of india 2014-15,gst,auditing,Income tax,students zone,cpt,community matrimony for ca,Classified Ads,Community Matrimony For Ca,Students Zone,Coaching Classes,Company Secretary,Cost Accountant,Judiciary.