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Archive: 05 June 2014

Posts in 05 June 2014

Maintenance & Inspection of documents in electronic form under Companies Act, 2013

June 5, 2014 34655 Views 4 comments Print

Section 120 of the Companies Act,2013 and Companies (Management and Administration)Rules,2014 deals with the Maintenance and Inspection of documents in electronic form.

ICAI recommends increase in Wealth Tax exemption limit to One Crore

June 5, 2014 1895 Views 0 comment Print

CA Sandeep Kanoi It its pre-budget memorandum ICAI has submitted following recommendations related to wealth tax :- Taxable Wealth – to exempt motor cars – The amendment in the definition of “assets” was made by the Finance Act, 1992 with a view to promote investment in productive assets. In line with intention of the lawmakers, […]

General Budget likely in first week of July 2014

June 5, 2014 1388 Views 0 comment Print

Arun Jaitley to hold pre-budget consultations from tomorrow Pre-Budget consultations will kick off from today. In this exercise, Finance Minister Arun Jaitley will hold meeting with different stakeholders including, representatives of industry chambers, trade unions, financial services sector and state finance ministers to get sector-specific suggestions for the Budget. Today, Mr. Jaitley will hold meeting […]

How to Raise Complain with MCA

June 5, 2014 15191 Views 1 comment Print

46 new e-forms had been made available for filing w.e.f. 28.04.2014. In case there is any issue faced by stakeholders in filling up or filing any of these 46 e-forms, they are requested to raise ticket with MCA helpdesk by using link www.mca.gov.in/MinistryV2/complaints.html. In addition to describing the problem in the ticket they should also […]

Critical Analysis of Internal Audit Provisions in Companies Act 2013

June 5, 2014 49718 Views 13 comments Print

CS Bilu Balakrishnan This write-up is all about the Internal Audit provisions of Companies Act 2013, read with relevant rules notified by the Govt. of India (erstwhile Ministry of Corporate Affairs). An attempt to critically interpret the provisions in the Rules Vs. Act is made. At the conclusion, few suggestions to improve the effectiveness of […]

MCA changes CIN of Companies Located in Telangana State

June 5, 2014 5950 Views 0 comment Print

State Code in the CIN of the Companies which are located in Telangana based on the address available in the database has been changed from “AP” to “TG”. Complete list of such companies may be viewed at following link : http://mca.gov.in/Ministry/pdf/AP_to_TG.pdf (Companies should use the new CIN while communicating with the ministry or filing any […]

Rate of exchange of conversion of each of foreign currency wef 06.06.2014

June 5, 2014 2721 Views 0 comment Print

In exercise of the powers conferred by section 14 of the Customs Act, 1962 (52 of 1962), and in super session of the notification of the Government of India in the Ministry of Finance (Department of Revenue)

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