important sections of companies act

News

CA Final and CPT results to be declared on 17th January


THE INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA Set up by an Act of Parliament January 14 2017 IMPORTANT ANNOUNCEMENT The result of the Chartered Accountants Final Examination held in November 2016 and Common Proficiency Test CPT held in December 2016 are likely to be declared on Tuesday the 17th Ja

Govt says it respects the autonomy of RBI


There has been a report in sections of the Press that some unions have alleged infringement of the autonomy of the Reserve Bank of India It is categorically stated that the Government fully respects the independence and autonomy of the Reserve Bank of India Consultations between the Government and t

Initiatives to increase non fare revenue in railways launched


Initiatives to Increase Non Fare Revenue and To Promote Ease of Ticketing Through Digital Transactions Launched Minister of Railways Shri Suresh Prabhakar Prabhu inaugurated the following policy initiatives viz Policy Initiatives of Increasing Non Fare Revenue likeOut of Home Advertisement Content o

Exposure Draft of Ind AS Taxonomy for Comments


As per the roadmap issued by the Ministry of Corporate Affairs MCA in February 2015 certain class of companies have to prepare their financial statements as per Indian Accounting Standards Ind AS which are converged with International Financial Reporting Standards IFRS w e f F Y 2016 17 MCA has also

No charges on use of cards at petrol stations


No additional levy on use of cards at petrol stations says Petroleum Minister MoS I C for Petroleum and Natural Gas Shri Dharmendra Pradhan said neither the customers nor petrol pump dealers will bear additional charges on digital transactions at petrol stations He said that the Government had issue

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Experts Opinions

Factory License renewal fees for Maharashtra and criteria


pls let me know how much fees require for factory license renewal and criteria for the same

Interest free loan to employee sec 186 of ca act. 2013


Dear Experts Our company has granted the interest free loan to one of the employee However as per MCA circular 04 2015 sec 186 does not apply on granting to employee Please enlighten me in this scenario will i have to follow any compliance as per companies act 2013 If so What Please clarify in detai

Manufacturer certificate


Hello Sir We are an advertising agency Can we apply for the manufacturer certificate as it is often asked while applying for the tender If yes then pls guide with the procedure for the same

Hsn code for works contract


Please let me know the HSN code for works Contract

Queriest is company registered under section 25 of companies


Queriest is company registered under section 25 of the old company act 1956 Our members are flat Bungalow owners we collect contribution from members and the same is used for the maintenance of the society Surplus remaining is invested in FD Company needs to file the IT return for the year 2015 16 a

Discussion

Disallowance u/s 43b of it act, 1961

Assessee is a Pvt Ltd Company Field I T R on 30 03 2015 for FY 13 14 Statutory Audit Report was dt 15 09 2014 Since turnover was less than 100 Lacs No Tax Audit Needed Regular Tax Rs 50000 MAT Calculation Book Profit as per provisions of section 115 JB of I T Act 1961 Rs 363260 Tax u s 115 JB is 18

Calculation of profit under section 198 of companies act,2013 for the purpose of csr

Sir Kindly provide me the detailed explanation for sub clause l of clause 4 of section 198 I have doubt regarding adjustment of loss against profit which is illustrated below Illustration Company ABC Ltd had loss of Rs 50 Lakh for FY 2012 13 and had profit of Rs 60 Lakh for FY 2013 14 Balance of Fre

Some key legislations enacted

New Taxes Krishi Kalyan Cess Equalisation Levy News Scheme The Income Declaration Scheme 2016 The Direct Tax Dispute Resolution Scheme 2016 The Indirect Tax Dispute Resolution Scheme 2016 Pradhan Mantri Garib Kalyan Yojana 2016 New Statute Insolvency and Bankruptcy Code 2016 The Real Estate Regulati

133 (6) of Income tax act,1961

the assessing officer had made an addition of Rs 5cr to returned income for AY 2014 15however we have proved the genuineness of expenditure incurred otherwise like submission of agreement copyin this regards we are going for the appeal against the said assessment order so whether there are any case

Statement of facts & ground of appeal - intradaysharetrading

My client is trading in stock market day trading only ITR 4 had been filed showing business income This is selected for scrutiny AO called for documents like statement of inome purchase and sales regiser confirmation of broker bank statement demat statement etc and the same had been submitted As per

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File Download

  • Removal of Name of the Company from Register of Companies

    Procedure under newly notified Companies Removal of Names of Companies from the Register of Companies Rules 2016
  • How Asset Prices Interact with Bank Credit and Monetary Policy?

    How Asset Prices Interact with Bank Credit and Monetary Policy
  • Income tax (1st Amendment) Rules, 2017

    Furnishing of Permanent Account Number or Form 60 as the case may be on or before 28th February 2017 is made mandatory for persons having an account with banking company or a cooperative bank to which Banking Regulation Act 1949 applies 15th January 2017 is the due date for submitting Form 61 where the aggregate of cash deposits between 9th November 2016 to 30th December 2016 is more than two lakh fifty thousand Government has mandated the specified class of persons under Rule 114E to report cash deposits made during the period 01 04 2016 to 09 11 2016 aggregating to an amount exceeding the limits as specified in Sl No 12 of Rule 114E Please find the attached PDF file for details
  • Students vs ICAI - Pencil Sketch

    In this single page sketch i made an effort to represent the reaction of Every CA Student and ICAI on Exams
  • Tax Deduction from Salaries-192 CBDT Circular for FY 2016-17

    The CBDT has issued Circular No 01 2017 dated 02 01 2017 in which it has explained in a comprehensive manner the obligation of taxpayers with regard to deduction of tax at source from salaries under section 192 of the Income tax Act 1961 for the financial year 2016 17

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Articles

Removal of directors as per the provisions of the Companies Act, 2013


The Section 169 of the Companies Act 2013 erstwhile section 284 of the Companies Act 1956 deals with the removal of Directors As per Section 169 of the Companies Act 2013 right of the shareholder to remove director in the general meeting through an Ordinary Resolution is a legal right This right can


Mentioning PAN for the banking and monetary transaction


Mandating PAN in the banking transactions is a very impressive step by the Govt of India This will help to monitor the flow of transactions made by each person In last 3 months there are number of notifications which was passed by the Govt to keep track to all the transactions to bring transparency


Removal of names of companies from register of companies


Introduction Ministry of Corporate Affairs MCA issued a Notification dated 26th December 2016 notifying Section 248 249 250 251 and 252 of Companies Act 2013 Chapter XVIII This chapter deals with Removal of Names of Companies from Register of Companies MCA has appointed 26 12 2016 as effective date


GST impact on Exports and Current Account Deficit (CAD)


Introduction India has always followed an export policy that Export the Goods not the taxes This is quite logical if India has to compete on the International Level especially with China who manufactures and supplies cheapest goods all over the world Exports play a vital role in Indian economy Expor


Grounds for ROC to Strike Off the Names of Companies


Brief Introduction of Companies Act 2013 The Companies Act 2013 has replaced the Companies Act 1956 The new Act has 470 four hundred and seventy sections 7 seven schedules as against 658 six hundred and fifty eight sections and 15 fifteen schedules in the 1956 Act The old Act was insufficient in dea


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Updated on : 1/15/2017 2:57:13 PM


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