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Postal Ballot under Companies Act, 2013

June 13, 2014 117158 Views 3 comments Print

Section 110 of the Companies Act,2013 and Rule 22 of the Companies (Management and Administration ) Rules,2014 deals with Postal Ballot. Postal Ballot – Business: A company shall transact the following business only by means of Postal Ballot;

Section 188 – Related Party Transaction under Companies Act, 2013

June 13, 2014 344042 Views 6 comments Print

CA Gaurav Mittal Section  188 of Companies Act 2013 is about  Related Party Transactions and applicable to both Private and Public limited company  and is applicable from 1St April 2014. What we will be discussing in below article:-       Definition/Meaning of Related Party       Transactions which are deemed as related party transactions       Nature of […]

How to improve Bank Audit Appointment System?

June 13, 2014 5121 Views 0 comment Print

PROBLEMS IN PRESENT SYSTEM & THEIR SOLUTIONS- A) PROBLEM: Category IV) CA firms gets very less proportion of bank audit. Many CATEGORY II) / III) Firms are not getting appointments even after 4-5 years. Many Firms are not getting appointments even after 6-7 years.

Clarification on Renewal of Customs Brokers licenses

June 13, 2014 8252 Views 0 comment Print

The matter has been examined by the Board. Regulation 8 of CBLR, 2013 mandates that before granting the licence under regulation 7, the Commissioner of Customs shall require the successful applicant to enter into the bond and

Notification No. 81 (RE-2013)/2009-2014, Dated: 13.06.2014

June 13, 2014 904 Views 0 comment Print

In exercise of powers conferred by Section 5 of the Foreign Trade (Development & Regulation) Act, 1992 (No. 22 of 1992) read with paragraph 1.3 of the Foreign Trade Policy, 2009-2014, as amended from time to time, the Central Government hereby exempts export of the following items to Bhutan from any export ban.

Notification for registrar of Companies at Hyderabad having territorial jurisdiction in the whole State of Telangana

June 13, 2014 1156 Views 0 comment Print

In exercise of powers conferred by sub-section (1) and sub-section (2) of section 396 of the Companies Act, 2013 (18 of 2013), the Central Government hereby establish the office of the Registrar of Companies at Hyderabad having territorial jurisdiction in the whole State of Telengana for discharging the functions of the Registrar of Companies under the various provisions of the said Act and appoints the Registrar of Companies, Hyderabad as Registrar of Companies for the purpose of registration of companies under the said Act in the State of Telengana.

ICAI to take action against CAs spreading Malicious information against Institute and/ or its members

June 12, 2014 5048 Views 0 comment Print

The member(s) of ICAI should not host, display, upload, modify, publish, transmit, update, forward or share any information, in any form which is harmful, harassing, defamatory, indecent, immoral or invasive of another’s privacy, dignity or prestige or hateful, causing insult or injury or otherwise unlawful in any manner against the Institute and/ or its members.

General Circular No. 19/2014, dated 12/06/2014

June 12, 2014 2480 Views 0 comment Print

The matter has been examined in light of the relevant provisions of the Act, particularly sections 179 & 180 and regulation 71 of Table “F” of Schedule I and it is clarified that a committee of directors may exercise such powers, subject to any regulations imposed by the Board in this regard.

Companies allowed to constitute Audit Committees, and Nomination and Remuneration Committees till 31st March, 2015

June 12, 2014 3428 Views 0 comment Print

Provided further that public companies covered under this rule shall constitute their Nomination and Remuneration Committee within one year from the commencement of these rules or appointment of independent directors by them, whichever is earlier

PVAT – Reversal of Input tax credit on sale of by-products amounts to double taxation

June 12, 2014 4196 Views 0 comment Print

Reversal of Input tax credit on sale of by-products amounts to double taxation and also exceeds the outer limit of taxability prescribed under the Act Specially in Sheller Trade which is clear cut violation of Article 286 of the Constitution of India.

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