ONE PERSON COMPANY
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 |
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Types of Audit under Companies Act
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 |
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0 | Hits : 929 |
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Understanding Deficit Financing
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...
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Category : General |
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0 | Hits : 271 |
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Revised Guidelines for Appointment of Statutory Auditors in Public Sector Banks with effect from the year 2013-14
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...
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Category : Auditing |
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0 | Hits : 1304 |
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LOAN TO DIRECTORS (AS PER COMPANIES ACT 2013)
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...
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Category : Corporate Law |
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4 | Hits : 2562 |
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अरविन्द केजरीवाल के अनमोल विचार
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...
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Category : General |
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1 | Hits : 710 |
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BOOKS OF ACCOUNTS (Companies Act, 2013
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...
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Category : Corporate Law |
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RESOLUTION, MINUTES AND REPORT (Companies Act, 2013)
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...
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Category : Corporate Law |
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0 | Hits : 450 |
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PROXIES, VOTES AND POLLING (Companies Act, 2013)
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...
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Category : Corporate Law |
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PREPARING GENERAL MEETING (Companies Act, 2013)
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...
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Category : Corporate Law |
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GENERAL MEETINGS (companies act, 2013)
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...
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Category : Corporate Law |
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Understanding Government Budget Deficits
Posted Date : 11-Jan-2014 , 02:01:09 pm | Posted By
Surbhi Singhal
In recent times, various forms of budget deficit have been in news due to different reasons, primarily how they are haunting the Indian economy. Most of us know that they are a problem for the economy, but do not know what they actually me...
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Category : General |
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0 | Hits : 198 |
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ISSUES RELATED TO MANAGERIAL REMUNERATION (Companies Act, 2013)
Posted Date : 10-Jan-2014 , 06:51:30 pm | Posted By
Dulichand Kushwaha
CALCULATION OF PROFIT (SECTION 198):
In computing the net profit of a company in any financial year credit shall be given for:
(a) bounties; and
(b) subsidies received from any Government;
received from any government or public authorities un...
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Category : Corporate Law |
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2 | Hits : 755 |
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REMOVAL OF NAME OF COMPANIES (Companies Act 2013)
Posted Date : 10-Jan-2014 , 06:48:54 pm | Posted By
Dulichand Kushwaha
Life always started to death. Company can be created and wind up. Sometimes, Idea of a company conceives, but fail to take life.
POWER OF REGISTRAR TO REMOVE NAME (SECTION 248):
Notice for Removal of Name by the Registrar:
The Registrar may send a notice to the company and all its director ...
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Category : Corporate Law |
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0 | Hits : 713 |
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FOREIGN COMPANIES: CAPITAL AND OTHER MATTERS (Companies Act, 2013)
Posted Date : 10-Jan-2014 , 06:46:28 pm | Posted By
Dulichand Kushwaha
PROSPECTUS OF FOREIGN COMPANY (SECTION 387):
This provision is applicable to foreign companies, and there is no difference whether the company has or has not established or when formed will or will not establish a place of business in India. No person shall issue, circulate or distribute in...
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Category : Corporate Law |
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0 | Hits : 367 |
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Basel III Accord - Basel 3 Norms
Posted Date : 10-Jan-2014 , 06:27:56 pm | Posted By
Dulichand Kushwaha
What is Basel iii or What is Basel 3 Accord or Meaning and Definition of Basel III Accord:-
Basel III or Basel 3 released in December, 2010 is the third in the series of Basel Accords. These accords deal with risk management aspects for the banking sector. In a n...
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Category : Banking |
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EXEMPTIONS FROM SALARY
Posted Date : 10-Jan-2014 , 08:50:06 am | Posted By
Surendra Kumar Dash
Section 10 of the I.T. Act provides for certain categories of payments to be exempt from taxation, either wholly or partly. Such payments are not to be included under the head ‘salary’ for computing the tax deductible. Some of these are listed below and are discussed in detail in Chapter...
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Category : Income Tax |
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1 | Hits : 919 |
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Steps to Start a Sole Proprietorship
Posted Date : 09-Jan-2014 , 09:31:30 pm | Posted By
Surendra Kumar Dash
Steps to Start a Sole Proprietorship
Starting a sole proprietorship is very simple as compare to other form of companies.
Unlike to LLP or any other private or public companies; in sole proprietorship you do not need to file an application to ROC.
If we consider ...
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Category : Corporate Law |
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0 | Hits : 801 |
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No addition can be made u/s 68 in respect of cash deposited in bank a/c out of earlier cash withdrawals.
Posted Date : 07-Jan-2014 , 11:20:23 pm | Posted By
Ankur Agarwal
AO made an addition u/s 68 in respect of cash deposited in bank account considering it to be unexplained. Hon’ble ITAT observed that the assessee had received sale proceeds of shares of ONGC on two occasions which were deposited in a bank account.
On the very next of the said sale pr...
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Category : Income Tax |
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Important Contacts for CA Students while dealing with various matters with ICAI
Posted Date : 07-Jan-2014 , 04:52:06 pm | Posted By
Vimmi
1. Overall In-charge - Shri H. K. Jain, Deputy Secretary, 011- 30210654, 9350799941, email: hkjain@icai.in
2. CPT Registration - Mr. S.K. Vaid Assistant Secretary 0210624 30210627 nrobos@icai.in, nrobos@icai.org
3. IPCC Registration - Ms. Sunita Assist...
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Category : Students Zone |
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