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Archive: 02 March 2017

Posts in 02 March 2017

CA guilty of professional misconduct for failure to report suspicious book entries

March 2, 2017 5334 Views 0 comment Print

Suffice it to highlight that in paras 26 and 27 of the report the Committee highlighted the modus operandi adopted by PCL and AIL to form a loop with no cash flow coming in, but sales, stocks and receivables increases. The obligation of the auditor concerning transactions which are merely book entries was highlighted i.e. […]

DVAT: Appointment of 14 Assistant Commissioner-cum-VATO

March 2, 2017 2004 Views 0 comment Print

Governor of the National Capital Territory of Delhi is pleased to appoint the following officer, with effect from the date of assumption of charge to assist the Commissioner of Value Added Tax, Government of National Capital Territory of Delhi, in the administration of the said Act, namely:

Even when mortgaged property belongs to guarantor, borrower would be a person aggrieved for filing appeal U/s. 17 of SARFAESI Act, 2002

March 2, 2017 4215 Views 0 comment Print

This petition under Article 227 of the Constitution of India has been preferred for quashment of the recovery and auction proceedings initiated against the petitioner by the respondent UCO Bank (the Bank henceforth); for quashing the appellate order dated 9-11-2011 passed by the Debts Recovery Appellate Tribunal

Domino’s- Accounting of Franchise agreement in business acquisition-Ind-As/ IFRS

March 2, 2017 7908 Views 3 comments Print

Lets understand a situation where its franchisor i.e. Domino’s USA takes over or bought the business of Domino’s India under Business combination. Now, questions which will be arisen related to this existing franchise agreement are-

Disbursement of Yearly Loan Statement in physical form

March 2, 2017 2508 Views 1 comment Print

As we all know in India, there are many senior aged citizens who are not a part of Digitization i.e. they do not use Internet, emails, social media networks etc. Almost each household would have some sorts of Loans with a Bank or any other loan disbursement institutions and these senior citizens also form a part of these loans.

Analysing Member’s Right to Information under Companies Act, 2013

March 2, 2017 33864 Views 1 comment Print

The Directors and other Key Managerial Personnel {KMP} of a company constitute its top management with statutory positions, authorities and accountabilities. Their appointments and changes along with their prescribed particulars, including details of the securities held/sold by them in the company etc.

EPFO develops complaint Portal to receive non compliance complains

March 2, 2017 2052 Views 0 comment Print

Head office receives complaints regarding non-compliance under EPF MP Act, 1952 from several sources like employees, Trade Unions/ Associations, Ministry, PMO, Vigilance etc. These complaints are forwarded to the field offices for complaint disposal and necessary action and were followed up by Head office to its logical conclusion.

The Tyre Industry: the dust settles and awaits Achhe dine comeback!

March 2, 2017 1431 Views 0 comment Print

The Tyre stocks which were considered to be quiet stable (except MRF) in last decade, saw an amazing rally since last few years. Here we will discuss the major threats & strengths of the Tyre Industry.

New Syllabus for Foundation Programmes of CS Course

March 2, 2017 1956 Views 0 comment Print

Introduction of New Syllabus for the Foundation Programmes of the Company Secretaryship Course- The New Syllabus for Foundation Programme shall comprise of four PAPER 1: BUSINESS ENVIRONMENT AND LAW PAPER 2: BUSINESS MANAGEMENT, ETHICS & ENTREPRENEURSHIP PAPER 3: BUSINESS ECONOMICS PAPER 4: FUNDAMENTALS OF ACCOUNTING AND AUDITING

Process Paper ITR filed for AY 2015·16 or earlier AYs expeditiously: DIT

March 2, 2017 2190 Views 0 comment Print

itIt is desirable that Paper ITRs filed for AY 2015-16 (lTR 1, 2, 2A & 4S) or earlier AYs or E·filed ITRs transferred by CPC and pending for processing in AST,as on date, is completed at the earliest without waiting for the statutory due date.

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