• Aug
  • 28
  • 2015

CA- A Dream for MANY but a Reality for FEW

Added In CA CS ICWA
Ever dreamt of being in the world’s most elite profession? Yes I too did that. Realising your dreams not only needs the wish to achieve them but rather more the efforts & the will you put in to make it yours. We all have highs aims & ambitions in life. We have many hopes attached to our bright future.

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  • Aug
  • 28
  • 2015

CA in Practice Vs. CA in Service

Added In CA CS ICWA
The passing out with flying colors from the institute of Chartered Accountants of India in finals provides us two directions to explore , either to opt for a job in the corporate world and to start a public practice. It’s important to understand that this is a very important period of transition. Whether you are […]

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  • Aug
  • 28
  • 2015

Why Crawl, When You Can Fly

Added In CA CS ICWA
Many a times in life, we define our self-worth based on how people treat us. If someone is bad to us, we wonder if something is wrong with us. Why should something be wrong with us? Can’t something be wrong with the person who treats us that way? If we keep treating ourselves like others do, we will never know that are worth much more than we know, that we are priceless.

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  • Aug
  • 28
  • 2015

There is not concept of deferred revenue expenditure in Income Tax Act, 1961

We find that there is no concept of deferred revenue expenditure under the Income Tax Act except under certain specific, provisions like section 35D. Therefore, unless statutory provision is there to defer the revenue expenditure over a period, the entire amount is to be allowed in the year in which it is incurred for running the business as per section 37 of the Income Tax Act

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  • Aug
  • 28
  • 2015

Review of policy relating to forfeiture of partly paid-up shares

Added In SEBI
Forfeiture of shares is a process specified under Table-F (Articles of Association of a Company Limited by Shares) of Schedule I of the Companies Act, 2013. The standard procedure to be followed in case of forfeiture of partly paid-up shares is as follows:

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  • Aug
  • 28
  • 2015

FAQs on Delisting of Equity Sharess

Added In SEBI
1. What is meant by delisting of securities? The term delisting of securities means removal of securities of a listed company from a stock exchange. As a consequence of delisting, the securities of that company would no longer be traded at that stock exchange.

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  • Aug
  • 28
  • 2015

Sec. 285BA(1) CBDT notifies procedure for filing of Form No. 61B – Statement of Reportable Account

Added In Income Tax
Notification No 3/2015 In exercise of the powers delegated by Central Board of Direct Taxes (‘Board’) under Sub rule (9)(a) and 9(b) of Rule 114G of the Income tax Rules 1962, the Principal Director General of Income-tax (Systems) lays down the procedures, data structure and standards for ensuring secure capture and transmission of data, evolving and implementing appropriate security, archival and retrieval policies as under:

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  • Aug
  • 28
  • 2015

Limits Based Provisions with Consequences on Non-Compliance under Companies Act, 2013

Added In Company Law
During these days most of the professionals in our stream remains engaged with statutory audits. A part of statutory audit includes due verification of compliance under various laws. With the introduction of the Companies Act, 2013, numerous compliances are made applicable on Companies on the basis of quantum of their paid up share capital, turnover, amount of deposits, loan from financial institutions etc.

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  • Aug
  • 27
  • 2015

Comments on Arbitration and Conciliation Act, 1996

Added In Company Law
Carrying on business activities entails many issues one of which is parties entering into various contracts which lay down the terms and conditions. Although, generally, efforts are made for unhindered implementation of the contracts, it may so happen that, in their performance, disputes could arise which the existing stipulations could not have taken into account.

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  • Aug
  • 27
  • 2015

Gist of Resolutions Under Companies Act, 2013

Added In Company Law
Companies (i.e Public and Private) are required to file various resolutions and agreement in e-form MGT-14 with RoC under the Companies Act 2013. Provisions are as under:- Section 117(Resolutions & Agreement to be file) of the Act; Section 179(3) (Powers of the Board) read with rule 8 of the Act and Under various other Sections and Rules of the Act.

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