Articles by P.R. Sethuraman

Introduction: The shareholders of joint stock companies are too many and are drawn from through the length and breadth of the country, across different spectrum and different geographical locations spread across the globe, why? It may be athwart in different planets whence human beings start set..

Introduction: A glance through of the Ind. AS- will highlight a hell of a difference of treatment of Equity share Capital from IGAPP as well the definitions in The Companies Act 2013. Notes to the General Instructions for Preparation of Balance Sheet require a company to disclose in the Notes ..

Introduction: There appears to be a conflict of approach among ICAI, MCA and RBI among Five issues raised in the Tabular Format underneath along with the required clarifications mentioned against different agencies under column 2 & 3. Therefore, it goes without saying that it is high time ..

Merited attention is invited to Para D 8 of Ind. AS 101 - on First Adoption of Indian Accounting Standards.  Clause (b) of Para D 8 of the above said Standard is quoted for your ready reference,  "A first-time adopter may have established a deemed cost in accordan..

Introduction: In exercise of the powers conferred by sub-section (1) of section 467 of theCompanies Act, 2013 (18 of 2013), the Central Government makes the following further amendments in Schedule III to the said Act with effect from the date of publication of this notification in the Offic..

The auditors in their Audit Report under 'Auditors responsibly' declares 'We have taken into account the provisions of the Act, the accounting and auditing standards and matters which are required to be included in the audit report under the provisions of the Act and the Rules made there..

Cost is a fact incurred in producing and maintaining; and determined from the producer's perspective to find out the cost of production in monetary terms so as to plan his business prospects. On the other hand, price is normally determined on monetary terms by the seller considering the marke..

The Companies Act 2013 vis a vis Amendment to the chapter (Sections 139 to 148) Introduction: Any amendment is to 'mend' so as to 'end' any confusion that has set in the provisions of any Act. In other words, amendments are made to bring the provisions of any Act update to the present day ..

The Companies Act 2013 vis a vis Amendment to the chapter (Sections 128 to 138) Introduction: The Companies Amendments Act 2017 covers by and large a wider spectrum of The Companies Act 2013. Cursory studies of the amendments will high light three broad categories- Certain amendment..

The Budget 2017 was unique in several respects. It was for the first time the presentation of budget was advanced to the first of February so that a road map is placed to pass the bill well in time to march well ahead of the commencement of the next financial year with all its attended benefits. The..