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Companies Act, 2013- Sch II depreciation revised

  CA Sripriya K    24 February 2015 at 16:16

Schedule II of the Companies Act 2013 Depreciation is the systematic allocation of the depreciable amount of an asset over its useful life. The depreciable amount of an asset is the cost of an asset or other amount substituted for cost, less i

Posted in Corporate Law  7 comments |   23953 Views


Companies act, 2013- Sec 139- Rotation of auditors

  CA Sripriya K    19 February 2015 at 10:47

No listed company or a company belonging to such class or classes of companies shall appoint or re-appoint:- An individual For more than one term of five consecutive years An audit firm For more than two terms

Posted in Corporate Law  8 comments |   30413 Views


Sec 138 - companies act, 2013- compulsory internal audit

  CA Sripriya K    18 February 2015 at 10:28

Introduction and Old Vs New Section 138 of the Companies Act deals with Internal Audit of Companies. This section states that certain classes of Companies shall be required to appoint an internal auditor who shall either be a Chartered Accounta

Posted in Corporate Law  13 comments |   135516 Views


Dormant Companies - Sec- 455

  CA Sripriya K    17 February 2015 at 10:42

Dormant Companies - Sec- 455 In certain cases, Companies are formed only for the purpose of holding certain assets or IPR or for a future project and such companies do not have routine accounting transactions. Further, it is also likely that certain

Posted in Corporate Law  9 comments |   24035 Views


One Person Company - An Introduction

  CA Sripriya K    14 February 2015 at 12:04

Section 3 of the Companies Act deals with the Formation of Companies. The corresponding section of the erstwhile Act was Section 12 – Mode of forming incorporated Company. 

Posted in Corporate Law  12 comments |   25391 Views