CAclubindia Articles

Wake up call for companies in the month of March

CS Divesh Goyal 14 March 2015 at 11:04

The Companies needs to ensure Compliance of following provisions during financial year, 2014115 under New Companies Act, 2013. The below list is not exhausted list and every Company needs to check the applicability of other provisions of the Companie

Is Chinese Yuan the next reserve currency?

CA. Saket Ghiria 14 March 2015 at 11:03

The very basic desire of human being is to satisfy the ever increasing demand. This want created a mechanism where we exchange our goods and services for the goods and services that we need. This is called Trade. There is here since the

Pay reduced PF administrative charges

Member (Account Deleted) 14 March 2015 at 11:03

Pay reduced PF administrative chargesReduction in Rate of Administrative Charges from 1.10°/o to 0.85°/o of the pay:The Ministry of Labour and Employment, Government of India, has issued a notificationNo. S.O. 323(E) and S.O. 324(E) both dated 02.02.

Companies Act, 2013- Sec 447 & 448 - Fraud

CA Sripriya K 12 March 2015 at 12:21

1.Introduction Aspect Intent Result Punishment Sec 447 fraud in relation to affairs of a company or any body corporate, includes any act, omission, concealment of any fact or abuse of position comm

Independent Directors- How much independent in India?

Ca Jai Prakash Agarwal 12 March 2015 at 12:21

The concept of independent directors is very holy concep

Where is my fundamental right to stupidity?

CA Anil Garg 12 March 2015 at 12:21

अब जबकि देश उपलब्धियों के दौर से गुज़र रहा है, it is high time de facto is recognized as de jure. After all, civilization and values have not come from God that they cannot be changed, but they have evolved over period of time, and keep changing. Ther

Mortality of independent directors

Sundharesan Jayamoorthi 11 March 2015 at 11:09

Independent Director is an important character inside any listed companys boardroom and in some of the well-governed companies. Few decades back the independent director used to be hand picked personally by the CEO and the name was recommended

Non friendly provisions of budget for middle class

CA Satish Badve 11 March 2015 at 10:21

Reasseement U/S 148 Notice of reaseement u/s148 can be issued by Assessing Officer, after the expiry of four years from the end of relevant assessment year. Though, It requires the permission of the higher authority of specific rank, the assessee ne

Cash flow statement (CFS) is mandatory

SAMEER AHMED 11 March 2015 at 10:21

Earlier Company act 1956 didnt include cash flow statement in the Defination of Financial statement,However as per New Company Act 2013, the Cash flow statement shall to prepare.As per Sec 2(40) for financial statement in relation to a

Recovery without SCN constitutionally valid?

Pradeep Jain 11 March 2015 at 10:21

MISTAKE IN DECLARING LIABILITY WILL LEAD TO RECOVERY WITHOUT SCNOrRECOVERY WITHOUT SCN-CONSTITUTIONALLY VALID? Introduction:- This article is an attempt to analyse the impact of amendment made in section 11A of the Central Excise Act, 1944 and sectio