Corporate Law Articles

Internal Financial Control over Financial Reporting (IFCR)

Pranjul Mittal 11 April 2016 at 13:36

Meaning of Internal Financial Control over Financial Reporting Guidance notes issues by Institute of Chartered Accountant of India on September 2015 states that Internal financial control over financial reporting shall mean �the policies and pr

Recent changes in CARO 2016

CS DHANAPAL 09 April 2016 at 12:36

The Ministry of Corporate Affairs has notified the Companies (Auditor's Report) Order, 2016 (CARO 2016) vide its Notification no. S.O. 1228(E) dated 29th March, 2016. This Order supersedes the Companies (Auditor's Report) Order, 2015 dated 10

Whether dividend can be paid in kind?

CS Divesh Goyal 09 April 2016 at 12:36

Provision: As per Section 123(5) of Companies Act, 2013 Dividend not be payable except in cash.Dividend: Section 2(35) of the Companies Act, 2013 simply states that "Dividend Includes Any Interim Dividend&

Action plan for promoting startups in India

CA RITUL PATWA 09 April 2016 at 12:36

The concept of building a Start-Up environment in India and creating an eco-system for developing entrepreneurship in India, the Government has issued an Action Plan for the �STARTUP�s IN INDIA�. The various aspects of the action pl

Website - An Eye of Compliance in Letter and Spirit

Varun Kapoor 06 April 2016 at 10:56

In this modern era, people and companies are on the internet for exchanging of information and communication. Website becomes an essential source to carry out the business smoothly. I will talk abo

A Woman Director - Sea Change or She Change

CA. Chikkerur C R 04 April 2016 at 11:15

"Yatra naryastu pujyante ramante tatra devata" - Meaning, where women are worshiped, there the Gods rejoice. Though not directly about empowerment, it is very relevant because it goes on to say "wherever they are not, everything you

10 years of MCA Services - Still a Challenge - Need Suitable Steps to resolve

CS Ankur Srivastava 04 April 2016 at 11:14

I am writing this article concerning the problem of the working of MCA portal. This has become a burdensome work for the professionals and every stakeholder has to suffer with the disturbed working of the MCA portal. Ultimately, Corporate world

Analysis of the report of the High Level Committee on CSR

CS Ankur Srivastava 04 April 2016 at 11:14

Critical Analysis of the report of High Level Committee on CSR Important recommendations: The constitution of the committee is premature as it is the very first year and the Annual Reports of the Companies are not available so far. Provisions of moni

A Note on CSR

Raman Singh 01 April 2016 at 11:00

A NoteSection 135 � Corporate Social ResponsibilityEligibility:Every Company having: Net Worth - Rs. 500 Crores or more; or Turnover - Rs. 1000 Crores of more; or Net Profit -

Rule 6 of CCR, 2004 Restructured - Issues addressed & unaddressed

CA Venkatprasad Pasupuleti 29 March 2016 at 11:44

The basic principle of any VAT system is that credit of duty or tax paid on the input goods or service can be availed only for payment of duty on final products or output services. As a natural corollary, if no duty/tax is payable on final product or