Posted Date : 24-Jan-2014 , 05:08:49 pm | Posted By Niraj

Considering many aspects, it is a matter of confusion for the CA Students specially whether to go for satellite class or face to face class.   I am presenting an article in the above mentioned topic so that the confusion among us could be reduced/removed to some extent.   The technolog...

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Category : Students Zone | Comments : 0 | Hits : 707

Posted Date : 24-Jan-2014 , 01:03:18 pm | Posted By Dulichand Kushwaha

POWER OF CENTRAL GOVERNMENT TO DIRECT COMPANIES TO FURNISH INFORMATION OR STATISTICS (SECTION 405):   The Central Government may by order companies generally or any company or class of company to furnish any information or statistic with regard to constitution or working of the company within...

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Category : Corporate Law | Comments : 0 | Hits : 498

Posted Date : 24-Jan-2014 , 12:57:40 pm | Posted By Dulichand Kushwaha

Section 406 deals with Nidhi companies.   “Nidhi” means a company which has been incorporated as a Nidhi with the object of cultivating the habit of thrift and savings amongst its members, receiving deposits from, and lending to, its members only, for their mutual benefit, and whi...

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Category : Corporate Law | Comments : 0 | Hits : 640

Posted Date : 24-Jan-2014 , 12:37:50 pm | Posted By Dulichand Kushwaha

ESTABLISH OF SPECIAL COURT (SECTION 435):   The Central Government may for the purpose of providing speedy trial of offences under this Act, by notification establish or designate Special Courts.   A Special Court shall consist of a single judge appointed by the Central Government. The...

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Category : Corporate Law | Comments : 0 | Hits : 497

Posted Date : 21-Jan-2014 , 12:15:48 pm | Posted By Dulichand Kushwaha

REGISTRATION OFFICES (SECTION 396):   For exercising powers and discharging functions conferred on the Central Government under this Act, the Central Government shall by notification establish such number of offices at such places as it thinks fit, specifying their jurisdiction.   The ...

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Category : Corporate Law | Comments : 0 | Hits : 551

Posted Date : 21-Jan-2014 , 11:55:19 am | Posted By Surendra Kumar Dash

TDS related forms and rules regarding digital signature of TDS return has been changed through INCOME-TAX (SECOND AMENDMENT) RULES, 2013 – AMENDMENT IN RULES 31A & 31AA; SUBSTITUTION OF RULES 31ACB, 37J and FORM NOS.15G, 15H, 16, 16A, 24Q, 26Q, 27C, 27D, 27Q & 27EQ and INSERTION OF FOR...

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Category : Income Tax | Comments : 0 | Hits : 359

Posted Date : 21-Jan-2014 , 12:19:49 am | Posted By Surbhi Singhal

                Finance and economics share an inseparable bond since ages. Yet we finance professionals, or to-be finance professionals of different fields such as CA, CS, CMA commit the sin of keeping ourselves separate from economics, yet claiming to b...

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Category : General | Comments : 1 | Hits : 509

Posted Date : 19-Jan-2014 , 04:28:33 pm | Posted By CA Bimal Jain

Dear Professional Colleague,   Service recipient is required to reimburse Service Tax paid by the Service provider   We are sharing with you an important judgement of the Hon’ble Allahabad High Court  in the case of M/s Bhagwati Security Services (Regd.) Versus Union of Indi...

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Category : Service Tax | Comments : 0 | Hits : 683

Posted Date : 17-Jan-2014 , 01:26:12 pm | Posted By CA Bimal Jain

Dear Professional Colleague,   No TDS on Service Tax if shown separately   Pursuant to an important judgement of the Hon’ble Rajasthan High Court, in the case of Commissioner of Income Tax (TDS), Jaipur Vs. M/s. Rajasthan Urban Infrastructure [2013 (8) TMI 12 – RAJASTHAN H...

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Category : Service Tax | Comments : 0 | Hits : 1145

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...

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Category : Corporate Law | Comments : 0 | Hits : 553

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...

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Category : Excise | Comments : 0 | Hits : 654

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...

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Category : General | Comments : 0 | Hits : 475

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...

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Category : General | Comments : 0 | Hits : 587

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...

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Category : Corporate Law | Comments : 0 | Hits : 682

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...

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Category : Corporate Law | Comments : 0 | Hits : 485

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 ...

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Category : Income Tax | Comments : 0 | Hits : 534

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...

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Category : Income Tax | Comments : 0 | Hits : 1374

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

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Category : General | Comments : 0 | Hits : 2420

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 ...

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Category : Corporate Law | Comments : 0 | Hits : 459

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...

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Category : Auditing | Comments : 0 | Hits : 895