CAclubindia Articles

Further issue of share capital u/s.62 of co. act, 2013- Part-I

CS M.Kurtrala Nathan 12 February 2015 at 10:41

A company (including Private company) having a share capital can increase its subscribed capital by issue of further shares to persons who are holders of equity shares of the company in pr

Budget 2015: Stepping stone to simplification?

Pradeep Jain 11 February 2015 at 18:00

As the budget session 2015 is approaching, the nation is garnering its own expectations. The assessees falling under the indirect tax net are no different. Struggling with the high end compliances and to cope up with the difficult rules to adhere, th

How can financial applications help in achieving business objectives?

Tulasi S Sastri 11 February 2015 at 18:00

General perception is that Financial Applications are mainly meant for book keeping, and that they do not have much relevance from business perspective. Probably this was true decades ago, when accounting was manual, historical, and produced financia

Repayment of deposits u/s 74 of the companies act

ANMOL JHA 11 February 2015 at 10:30

Dear Professional colleagues,Have a serious look into what is stated herein with your skillful application of mind. Section 74 of the Companies Act,2013, provides that any deposit accepted before the commencement of the Companies Act,2013, needs to b

How to write answers in CA exam

mahendra jangid 10 February 2015 at 17:58

While we all know how do we write answers in exam, it is very important to know how to write an answer in a professional exams in a professional manner like CA. Many of you may not take it seriously but believe me it i

Taxation of heriditary LIC insurance commission

sivadas chettoor 10 February 2015 at 10:56

TAXATION OF HERIDITARY LIC INSURANCE COMMISSION- A STUDYSIVADAS CHETTOOR BCOM FCA LLMINTRODUCTION:- The brief study in this article relates to some legal and taxation issues connected with the receipt of hereditary commission by nominee or legal heir

Fast track exit mode for defunct companies under section 560

Sahil Jolly 10 February 2015 at 10:56

Fast Track Exit mode for Defunct Companies under section 560 of the Companies Act 1956 A number of Companies registered under the Companies Act 1956 are inoperative since incorporation or commenced business but became inoperative or defunct later on

Has over-democratization paralyzed India?

CA. Saket Ghiria 10 February 2015 at 10:56

Democracy is the most beautiful thing invented by the modern society. It wont wrong to say that modern society came into existence because of democracy itself. Democracy becomes more significant in the country like India which has seen centuri

Building expertise among professionals!

Kunal R. Sarpal 10 February 2015 at 10:56

Why expertise is a must.In a sentence, If you are general, you are dispensable.We live in an era of the fast internet, impatient people, quick results and a friendly neighbourhood genie called Google. The other day at the family doctors

IFRS 15: Revenue recognition from contracts with customers

CA. Rajvir Bhatnagar 09 February 2015 at 10:19

IFRS 15: Revenue recognition from contracts with customers - Major changes in the offing for some industriesA new Standard, laying down revised guidance for recognising revenue from contracts with customers has been introduced by International Accoun