Articles by P.R. Sethuraman

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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..

Posted in Corporate Law  2 comments |   693 Views

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 ..

Posted in Audit |   1894 Views

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 ..

Posted in Others |   1116 Views

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..

Posted in Audit |   971 Views

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..

Posted in Audit  1 comments |   1493 Views

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..

Posted in Others |   854 Views

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..

Posted in Others  1 comments |   1005 Views

Chapter X on Audit and Auditors

  P.R. Sethuraman    09 February 2018 at 11:07

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 ..

Posted in Audit |   2166 Views

Chapter IX On Accounts of Companies

  P.R. Sethuraman    03 February 2018 at 15:38

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..

Posted in Corporate Law |   2304 Views

Pre Budget Pitch-2018

  P.R. Sethuraman    26 December 2017 at 12:25

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..

Posted in Union Budget |   1917 Views

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