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Details on LLP
What is LLP? LLP is an alternative corporate business form that gives the benefits of limited liability of a company and the flexibility of a partnership. The LLP can continue its existence irrespective of changes in partners. It iscapable of enterin
FAQs on Section 185 along with planning
Q1: What are the prohibitions on sec 185? Ans: No company can directly or indirectly advance loan to its directors or to other persons in whom directors are interested. No company can give any
New provisions applicable wef 1st April under Co Act 2013
1. Now, the Appointment of Company Secretary is required only for Public Limited Companies having paid up capital more than 10 Crores whereas Private Limited Companies are exempted from appointment of Key Managerial Personnel. 2. Form MGT 7: Annual R
How to improve Bank Audit Appointment System?
PRESENT APPOINTMENT SYSTEM: A) Every year, ICAI forward the Bank Branch Auditors Panel to Reserve Bank of India. The said panel was classified into following three lists by RBI:- i. List of auditors stationed at cooling period (applicable to
Analysis of Provisions on Statutory/Cost/Secretarial Audits & Auditors
THE COMPANIES ACT 2013(Chapter X- Sections 139 to 148 & 204) About the Act The long-awaited new Companies Bill 2012 has at last seen the light of the day as The Companies Act 2013 (Act No.18 of 2013) with its publication in the Gazette of India E
Key Budget Highlights
Taxation -No changes proposed in the tax laws-Excise duty on consumer durables and capital goods cut from 12% to 10%-Rice transport and process exempted from service tax-Reduction in excise duty for auto sector-Excise duty reduced for small cars from
Dividend provisions - Critical analysis
Section 205 of the Companies Act 1956 read with Article 85 of Table A deals with payment of Dividend Section 123 of the Companies Act, 2013 provides for declaration of Dividend. and Table F of article 80 of Articles of Association provide
Companies will not be able to receive share app money in cash
Penalty upto 2 crores: Private/Public Ltd. Co. will not be able to receive share application money in cash, utilize share application money for business & will have to open separate a/c for share application Many of the private limited compani
Can a company give loan to its group companies?
Many corporate including Pvt Ltd Cos have other related group companies and they transfer money to & from other company as and when require. Stop doing th
CBDT harsh on CA Faternity
CBDT Sub - Extension of submission of time for submitting TAR & ITR 7 reasons: Why should CBDT extend time
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