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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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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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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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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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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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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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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SECTION 194C (IMPORTANT)
Posted Date : 07-Jan-2014 , 12:31:13 pm | Posted By
Surendra Kumar Dash
TDS on Contracts (Sec 194C):
When is it Applicable? (Applicability)
· Any Person who is responsible to pay sum of amount to a Resident Contractor for carrying out any sort of work which is in the nature of Contract,
&middo...
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Category : Income Tax |
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5 Reasons why you should Invest through the SIP Route
Posted Date : 07-Jan-2014 , 10:38:05 am | Posted By
Surbhi Singhal
A Systematic Investment Plan or SIP, as it is popularly known, is a vehicle offered by Mutual Funds to help investors save regularly by committing a fixed amount of investment in a scheme periodically, normally a month. The units a...
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Category : Finance |
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Basic Concepts of Service Tax
Posted Date : 05-Jan-2014 , 05:13:40 pm | Posted By
Rohit
BASIC CONCEPTS OF SERVICE TAX
Service tax in India
The Tax Reforms Committee headed by Dr. Raja J. Chelliah recommended imposition of “Service Tax” on selected services.
On these recommendations, Dr. Manmohan Singh, the then Union Finance Minister, in his Budget speech...
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Category : Service Tax |
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NOKIA CASE
Posted Date : 05-Jan-2014 , 08:27:54 am | Posted By
Surendra Kumar Dash
NOKIA TAX CASE
The Income Tax department on Friday moved the Delhi High Court seeking "directions/clarifications" of the December 12 order by which the assets of mobile phone handset maker Nokia in India were defreezed.
A bench, headed by Justice S Ravindra Bhat, posted the plea ...
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Category : Income Tax |
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DEDUCTION U/S 80D FOR INDIVIDUALS AND HUF
Posted Date : 04-Jan-2014 , 11:34:42 am | Posted By
CA Ramesh K Chhajer
Deduction in respect of Medical Insurance Premium (Mediclaim) paid to keep in force insurance by individual either on his own health or on the health of spouse, dependent parents and children or HUF on the health of any members of the family. A Mediclaim policy is a must because should you fall sick...
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Category : Income Tax |
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Taxpayers did not get incometax refunds ? how you can tackle a delay in tax refunds
Posted Date : 03-Jan-2014 , 09:54:17 pm | Posted By
Vimmi
Many taxpayers, who have filed their returns and sent across their verification form in June or July, usually get the acknowledgement and refunds around this time of the year. However, quite often, many taxpayers complain that they did not get the intimation of the receipt of their ITR-V (verificati...
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Category : Income Tax |
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Type of Banks & List of Banks in India
Posted Date : 03-Jan-2014 , 09:40:47 pm | Posted By
Vimmi
RBI (Reserve Bank of India)
The Reserve Bank of India was established on April 1, 1935 in accordance with the provisions of the Reserve Bank of India Act, 1934.The Central Office of the Reserve Bank was initially established in Calcutta but was permanently ...
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Category : Banking |
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Investing in Mutual Funds and its Tax Implications
Posted Date : 02-Jan-2014 , 01:26:15 pm | Posted By
Surbhi Singhal
Hello readers. Greetings of the season!
As the New Year has arrived, some of us have resolved to indulge in disciplined financial planning in an effort to achieve our financial ...
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Category : Finance |
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