voting power

Consolidated Financial Statements shall be prepared by an entity if it has control over another entity. ‘Control’ under IFRS, being power to govern the financial and operating policies, covers within its purview even those entities that have been excluded under Indian GAAP. This article attempts to analyse the meaning and scope of the term — Potential Voting Rights — when determining control. Full Article

Investigation under Section 235:-Investigation is the act of determining whether criminal matters such as employee theft, securities fraud (including falsification of financial statements), identity theft, and insurance fraud have occurred. Full Article

1.      The Companies Bill 2009, contains 426 sections as against the existing 658 sections.  The reduction of 232 sections in the Bill has been made possible by the power to make more than 200 Rules. IN  UK the Companies Act has 1,300 sections and 16 schedules. The obsession with cutting down on the size at [...] Full Article

Sunil Sethi v. DCIT- Where there was documentary evidence on record to substantiate the explanation of the assessee that the amount was given for the business purposes of the company, the same could not be considered to be deemed dividend in the hands of the assessee and the provisions of section 2(22)(e) were not applicable. Full Article