Articles by CA Sripriya K

Companies Act, 2013- Sch II depreciation revised

Posted by CA Sripriya K 24 February 2015 24100 Views

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

Companies act, 2013- Sec 139- Rotation of auditors

Posted by CA Sripriya K 19 February 2015 30494 Views

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

Sec 138 - companies act, 2013- compulsory internal audit

Posted by CA Sripriya K 18 February 2015 135869 Views

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

Dormant Companies - Sec- 455

Posted by CA Sripriya K 17 February 2015 24095 Views

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

One Person Company - An Introduction

Posted by CA Sripriya K 14 February 2015 25443 Views

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.