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New Companies Rules not binding till Publication in official gazette – HC

May 13, 2014 6740 Views 0 comment Print

Bombay High Court in scheme of amalgamation between Wadala Commodities Limited with Godrej Industries Limited has stated that gazetted copy of many MCA rules are not available, hence in the opinion of the court they are not binding so far or at least from 1st April 2014.

FAQs on eFiling Under Companies Act,2013

May 13, 2014 23015 Views 1 comment Print

1. What are the steps for online e-filing? 1. When the business or the registered users access the MyMCA portal, they enter their username and authentication details – Password/ Digital Certificate. 2. The user will be shown a list of eForms category-wise under eForms tab . 3. At any time, the users can read the […]

All about Related Party Transactions under Companies Act, 2013

May 13, 2014 36501 Views 0 comment Print

Every company enters into related party transactions and every company has to comply with disclosure norms and provisions of the law. Basic purpose of regulations of related party provisions in the Company’s Act, 2013 (hereinafter referred to as `the Act’) is that no company or its directors should take undue benefit of relationship for their personal gain.

Appeal once filed cannot be withdrawn

May 12, 2014 17956 Views 0 comment Print

There is no provision in the Income Tax Act, 1961 which permits withdrawal of an appeal, once it is filed, and registered. In other words, once right of appeal is exhausted, by party concerned, and the appeal is filed before appropriate Appellate Authority, who after receiving same has registered it, I find no provision in the statute permitting withdrawal thereof.

Download Format of MOA and AOA as per Companies Act, 2013

May 12, 2014 843692 Views 123 comments Print

Download MOA & AOA in PDF Format Under the Companies Act,2013. Download AOA in word Format Under the Companies Act,2013. Download MOA in word Format Under the Companies Act,2013

Revised SC guideline in Cheque Bounce Cases U/s. Section 138 (NI Act)

May 11, 2014 28660 Views 0 comment Print

Notice via email also- MM/JM should adopt a pragmatic and realistic approach while issuing summons. Summons must be properly addressed and sent by post as well as by e-mail address got from the complainant.

'Aggregated TDS Compliance' at PAN level for all TANs associated with referenced PAN

May 11, 2014 6225 Views 0 comment Print

To facilitate improved TDS administration, CPC(TDS) starts the feature of “Aggregated TDS Compliance” at PAN level for all TANs associated with the referenced PAN. Following are additional details related to the new feature.

Our Profession 'CA' is in Grave Danger

May 11, 2014 6344 Views 0 comment Print

What you start thinking when you hear news of some foreign accounting firm taking over a small or medium scale CA firm or any other such professional firm. When you hear more and more chartered accountants are joining Big Four or Big Ten firms (most of them are foreign companies). Can you think of these […]

MCA to take action against erring Practicing Professionals

May 7, 2014 4828 Views 0 comment Print

The Registrar shall forward a fortnightly report to the concerned Regional Director as well as to the E-Gov Division. Thereafter, the Regional Director shall forward a consolidated report to the Joint Secretary E-Governance Division on or before 7th of every month as per the prescribed proforma (copy enclosed).

Section 54/54F – Amount paid towards booking is to be treated towards ‘construction’

May 5, 2014 3888 Views 0 comment Print

Coming to a concomitant situation that if booking of flats does not tantamount to ownership of the house then how come the assessee claim that by booking a flat it has acquired ‘new house’ and becomes entitle for this exemption.

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