ILR - Aug2012 - Dependant Child born in UK

[rganeshsai]

Hi,
I'm new to this site and forum so please forgive my ignorance if I'm not following any house rules here.
I'm due for my ILR in Aug-12 and I switched from work permit to Tier-1 General in Sep-2010. I was in a permanent employment until July-2011 and since then have been working through my own limited company as a contractor.
I have some questions which I hope someone will be able to help with answers

1> When I switched from work permit to Tier-1 in Sep-10 I showed my gross annual salary to gain points however with my ltd company I draw a minimum salary and the rest as dividends but to gain points for ILR should I include gross dividends or the net dividends ? Im trying to draw more dividends between now and July-12 to reach income levels required to gain points so Im not sure how much dividends I need to draw unless Im clear on whether it is Gross or net that will be considered by home office ?

2> Secondly, I have 2 children both born in the UK, eldest was born in 2008 when I was under work permit and youngest in 2011 when I was under Tier-1 General. Both hold indian passports and have valid dependant visa until Sep-2012. Now should I include them under dependants when I apply for ILR in Aug-2012 or can they directly register as British Citizens as soon as Im granted ILR?. I read through Section 1( 3) for MN1 in UKBA site however Im not clear if I need to complete certain period of time under ILR before I can register them ?

3> If I can exclude them from the ILR application and register them directly as British citizens provided I get an PEO appointment in August and ILR is granted what would be a normal turnaround time for - registration,British Passport and OCI card for the children?. We have plans to visit India during Dec-12 so I wonder if I'd be able to obtain all of this for the children before the travel?

Appreciate any help or advise on my queries

Thanks,
Ganesh

[Jambo]

2. See FAQ - most common questions - children.

3.Registeration as BC takes nowadays 2-3 months, passport another 2-3 weeks and OCI another 2-3 weeks so for a December trip, you might get lucky.

[rganeshsai]

Jambo - that was helpful , many thanks !

Can anyone help with my Query-1 please?