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Archive: May, 2014

Posts in May, 2014

Must have productivity tools for professionals

May 26, 2014 4888 Views 0 comment Print

In this modern, competitive and challenging work life, one have to have monomaniacal focus on his craft to keep you in the game. In this age of massive disruption, around your work and personal life, staying focused may be a not be an easy proposition for all.

Busituality – When Business Meets Spirituality and Religions

May 26, 2014 2436 Views 0 comment Print

The article is inspired by a famous writer ‘Alain de Botton’, he is a Swiss-British writer, philosopher, entrepreneur, television presenter and museum curator resident in the United Kingdom. Due credit to his idea on the topic that business and every people can benefit from spirituality and religions even if they don’t believe in God.

Concept Of One Person Company: An Analysis

May 25, 2014 9707 Views 0 comment Print

Before we start the discussion, let us see what the Companies Act, 2013 has to say about this concept called ‘One person company’. Section 2(62) ‘one person company’ means a company which has only one person as a member. Section2 (40) ‘Financial statement ‘in relation to a company, includes:

Investment avenues for mango man in newly elected Indian economy

May 25, 2014 1806 Views 0 comment Print

Many new facets came in front of Indian economy after the result of the General Elections, 2014. After 30 years the history has repeated it again. This kind of historic win was once witnessed in 1984, where Indians had put Rajiv Gandhi on the throne to take India to new heights. The winning numbers were […]

Section 14A have no application if Assessee not made any claim for exemption

May 25, 2014 4033 Views 0 comment Print

Sub­section(1) of section 14A provides that for the purpose of computing total income under chapter IV of the Act, no deduction shall be allowed in respect of expenditure incurred by the assessee in relation to income which does not form part of the total income under the Act.

Reversal of excess provision for doubtful debts deductible in book profit calculation

May 24, 2014 15694 Views 0 comment Print

High Court in the case of CIT vs. M/s Himachal Pradesh State Industrial Development Corporation Ltd. held that the excess provision for bad and doubtful debts written back by way of credit to Profit and Loss A/c is deductible while arriving at the book profits.

The prolonged controversy on Swiss Bank Accounts

May 24, 2014 5285 Views 0 comment Print

May 6’ 2014 was a day which should create fear of the worst by the Indian Nationals who have shrouded their black money at the Swiss. It was at this day when Switzerland has signed for mutual cooperation in tax matters at the convention.

Entrepreneurs- One of their kind

May 23, 2014 1958 Views 0 comment Print

Entrepreneurs are leaders who can see into the future with inspired vision, championing highly competent teams to make seemingly impossible possible.It takes a great courage to separate oneself from the herd at any level, be it at the time of attaining education or doing things you love. There is no point in being REALISTIC- why […]

Removal of Director by Shareholders Under Companies Act 2013

May 23, 2014 32181 Views 0 comment Print

Power to remove directors have always been bestowed on shareholders, as we all know, that at the end of the day, directors are answerable to shareholders. Nothing has changed in the procedural aspect under Companies Act, 2013 as well. Shareholders can remove any director before the expiry of his tenure, except any director appointed by […]

SEBI (Payment of Fees) (Amendment) Regulations, 2014

May 23, 2014 2473 Views 0 comment Print

No. LAD-NRO/GN/2014-15/03/1089.- Date- 23rd May, 2014 In exercise of the powers conferred by section 30 read with clause (k) of sub-section (2) of section 11 of the Securities and Exchange Board of India Act, 1992 (15 of 1992) read with section 25 of the Depositories Act, 1996 (22 of 1996), the Board hereby makes the following Regulations to further amend certain regulations to the extent stated herein, namely:-

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