A personal guarantee by a director is a contractual promise to pay the debts of the company in the event that the company is unable to pay the guaranteed debt. ..
We normally do not ask any Engineer or Doctor how many attempts or years they have taken to complete their course. Then why ask a Chartered Accountant?
Discussing compliance requirements and important updates under the Companies Act, LLP Act, and ROC Return Filings for the month of October 2021.
Where proprietor business is converted into a partnership, the exclusive interest of the proprietor is reduced and the business assets become sets of the firm in which he becomes a partner.
Recurring subscriptions paid periodically by shareholders, or subscribers in Mutual Benefit Societies which fulfil such conditions as may be prescribed shall be deemed to be capital borrowed.
Section 44AD provides that if a taxpayer is engaged in an eligible business and having a turnover of Rs. 2 crores or less, its profits are deemed to be 8% of the total turnover or gross receipts.
For the smooth running of an organization, it is essential for managers to develop certain skills to enable them to handle the sea of change and the changing needs and expectations of employers and employees.
Section 114(2) provides that a resolution shall be a special resolution when that intention has been duly specified in the notice calling the general meeting or other intimation given to the members.
Law is a constantly evolving field that was restricted to only Lawyers 50 years ago. However, the same is now open to many professionals particularly Chartered Accountants, Cost Accountants, and Company Secretaries.
It is a myth that corporate governance is good management of the company. It is not as it applies to every form of organization whether an LLP, Family Trust, Partnership, Cooperatives, Charitable Organization, etc.
GST Live Certification Course (39th Batch) - April 2024 (Weekend Batch) (With Certificate)
"Live class on Python for Financial Analysis: Unlocking Efficiency in Accounting and Finance"