Posted Date : 17-Jan-2014 , 08:37:41 am | Posted By Surendra Kumar Dash

  The five key points that all companies must know if they have business interests in India are as follows 1. What is the 2 per cent requirement?   The act requires that companies set up a CSR board committee, which must consist of at least three directors, one of whom must...

Continue Reading...

Category : Corporate Law | Comments : 0 | Hits : 525

Posted Date : 16-Jan-2014 , 07:10:58 pm | Posted By CA Bimal Jain

Dear Professional Colleague,   Clarification on Valuation of goods sold at a price below the cost of production   The Hon’ble Supreme Court has held on following issue in the case of Fiat India (P) Ltd. & Anr. (AIT-2012-354-SC):   Issue:   Whether the price dec...

Continue Reading...

Category : Excise | Comments : 0 | Hits : 636

Posted Date : 16-Jan-2014 , 03:28:17 pm | Posted By Dulichand Kushwaha

What is my business worth? It’s a question I’ve asked myself hundreds of times over my 40-year long ownership career. And valuing your business, as an exercise, is a great thing to do from time to time — it gets you thinking and dreaming, which is not a bad thing. But it wasn&rsquo...

Continue Reading...

Category : General | Comments : 0 | Hits : 457

Posted Date : 16-Jan-2014 , 03:26:57 pm | Posted By Dulichand Kushwaha

With many cheap or online valuation services on the market, clients requiring a valuation on a business need to ensure that they get a precise and detailed valuation report. Often it can be the final report and/or process that can let the client down – not the valuation figure. If proper and d...

Continue Reading...

Category : General | Comments : 0 | Hits : 568

Posted Date : 16-Jan-2014 , 03:25:27 pm | Posted By Dulichand Kushwaha

REGISTERED VALUERS (SECTION 247): Where a valuation is required to be made in respect of any property, stocks, shares, debentures, securities, goodwill, or any other assets or any liability or net worth of a company, it shall be valued by a Registered Valuer and appointed by the Audit committee o...

Continue Reading...

Category : Corporate Law | Comments : 0 | Hits : 633

Posted Date : 16-Jan-2014 , 03:19:16 pm | Posted By Dulichand Kushwaha

DEFINITIONS (SECTION 407): These definitions are self explanatory. There are two classes of members to the National Company Law Tribunal; Judicial Members and Technical Members. The Tribunal shall be headed by the President while the Appellate Tribunal by Chairperson.   CONSTITUTION OF...

Continue Reading...

Category : Corporate Law | Comments : 0 | Hits : 406

Posted Date : 16-Jan-2014 , 01:47:24 pm | Posted By CA Ramesh K Chhajer

 CA FINAL RESULT ANALYSIS Exam Group I Group II Both Group   Appear Passed Pass % Appear Passed Pass % Appear ...

Continue Reading...

Category : Income Tax | Comments : 0 | Hits : 519

Posted Date : 15-Jan-2014 , 03:58:14 pm | Posted By Surendra Kumar Dash

TDS & TCS RATES CHART FOR A.Y.2014-15 OR F.Y.2013-14   A. TDS Rate Chart for A.Y. 2014-15 on Payments other than Salary and Wages  Section No. Nature of Payment Threshold Total Payment During the Year Payme...

Continue Reading...

Category : Income Tax | Comments : 0 | Hits : 1360

Posted Date : 15-Jan-2014 , 03:21:32 pm | Posted By Surendra Kumar Dash

...

Continue Reading...

Category : General | Comments : 0 | Hits : 2384

Posted Date : 15-Jan-2014 , 12:42:22 pm | Posted By MOHIT KUMAR

Background of this concept  :-   First of all In 2004 Govt. constituted Expert Committee under the chairmanship of Dr. JJ Irani for the recommendation on company Law matters .One of recommendation was recognition of OPC in our New Company Law Bill . That Committee had considered various ...

Continue Reading...

Category : Corporate Law | Comments : 0 | Hits : 396

Posted Date : 15-Jan-2014 , 11:55:35 am | Posted By Madhur Gupta

TYPES OF AUDIT UNDER COMPANIES ACT   Rajya Sabha recently passed the companies Bill 2012.The new legislation, which would replace the nearly 50-year old Companies Act, 1956 and would encourage companies to undertake social welfare voluntarily instead of imposing the social responsibility.Audi...

Continue Reading...

Category : Auditing | Comments : 0 | Hits : 812

Posted Date : 15-Jan-2014 , 09:55:11 am | Posted By Surbhi Singhal

                Deficit financing is that, which, if used responsibly, can lead an economy to prosperity; however, if used thoughtlessly, can do the opposite. It is the tool suggested years ago by known economist John Keynes, and used today throughout the...

Continue Reading...

Category : General | Comments : 0 | Hits : 197

Posted Date : 13-Jan-2014 , 09:42:07 pm | Posted By CA.Khurana Vivek

Based on the recommendations of a Working Group (WG) to review the norms for empanelment of statutory auditors for public sector banks and other related issues and after seeking the approval of GoI, it has been decided to revise the guidelines on appointment of statutory auditors in public sector ba...

Continue Reading...

Category : Auditing | Comments : 0 | Hits : 1202

Posted Date : 13-Jan-2014 , 02:14:56 pm | Posted By Surendra Kumar Dash

LOAN TO DIRECTORS (AS PER COMPANIES ACT 2013)   Section 185 of the Companies Act, 2013 which has been notified on 12th September 2013 replaces the old section 295 of the Companies Act, 1956 which provides for loans to directors.    This section now applies to all companies includi...

Continue Reading...

Category : Corporate Law | Comments : 4 | Hits : 2456

Posted Date : 11-Jan-2014 , 07:23:40 pm | Posted By Dulichand Kushwaha

Name Arvind Kejriwal / अरविन्द केजरीवाल Born 16 August 1968 (age 45)Siwani, Haryana Field Social Work, Policitcs Nationality Indian Ac...

Continue Reading...

Category : General | Comments : 1 | Hits : 692

Posted Date : 11-Jan-2014 , 07:20:44 pm | Posted By Dulichand Kushwaha

The Financial Statements of a company is most important document until recent past, when non – financial reporting started to gain its momentum. This is a reporting of growth in business in monetary units.     BOOK OF ACCOUNTS (SECTION 128):   Every company shall prepare an...

Continue Reading...

Category : Corporate Law | Comments : 0 | Hits : 250

Posted Date : 11-Jan-2014 , 07:14:13 pm | Posted By Dulichand Kushwaha

RESOLUTION (SECTIONS 114): The Companies Act, 2013 does not define resolution. Resolution is a formal statement of a decision or expression of opinion put before or adopted by an assembly. This may be ordinary resolution or special resolution.   Ordinary Resolution: Where proper not...

Continue Reading...

Category : Corporate Law | Comments : 0 | Hits : 367

Posted Date : 11-Jan-2014 , 07:12:46 pm | Posted By Dulichand Kushwaha

Proxies are one of the beauties of corporate legislations. Proxies have their important in corporate decision making through voting and polls.   PROXIES (SECTION 105):   Any member of a company entitled to attend and vote at a meeting of the company shall be entitled to appoint another...

Continue Reading...

Category : Corporate Law | Comments : 0 | Hits : 268

Posted Date : 11-Jan-2014 , 07:11:45 pm | Posted By Dulichand Kushwaha

NOTICE OF MEETING (SECTION 101):   A General meeting of a company may be called by giving not less than clear twenty – one days’ notice either in writing (i.e. in paper form) or through electronic mode.   If consent is given in writing or by electronic mode by not less than...

Continue Reading...

Category : Corporate Law | Comments : 0 | Hits : 218

Posted Date : 11-Jan-2014 , 07:10:06 pm | Posted By Dulichand Kushwaha

A company may have many kinds of meetings; general meetings are one among them. In very simple terms, a meeting of general body may be called general meeting. General meeting comprises of all general members of an organisation that is company in our case.   A general meeting may be Annual...

Continue Reading...

Category : Corporate Law | Comments : 0 | Hits : 280