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Class Action Suits under Companies Act, 2013

  CS DHANAPAL    14 December 2013 at 15:34

The concept of Class Action Suits is among one of the many novelties introduced by the Companies Act, 2013. Thought the concept per se is not new but in Indian context it has found statutory recognition an



Read Balance Sheet in 3 Simple Steps!

  Ashutosh    26 November 2014 at 10:53

If you have been studying Business, Finance, Economics then chances are that you are going to work in these domains. You definitely need to know some basic principles in order to understand & manage the finances better. During an interview for th



Ledger Scrutiny - Backbone of Statutory Audit (Part - 2)

  SANYAM ARORA    08 September 2012 at 12:44

Greetings of the Day to All the member of CCI Family. So friend's after the success of Part - 1 of Ledger Scruitny - Backbone of Statutory Audit



Importance of written representation in Audit

  CA Amrita Chattopadhyay    19 June 2015 at 10:37

IMPORTANCE OF WRITTEN REPRESENTATION IN AN AUDIT IntroductionCompanies Act 2013 has increased the responsibility of the auditor to manifold. The auditor has to take into consideration many factors while issuing report to the members of the company.As



Section 5(C) of Banking Regulation Act, 1949

  CA Dixarth Bhanshali    15 October 2014 at 11:26

TEXT OF REMAINING PROVISIONS OF ALLIED ACTS REFERRED TO IN INCOME-TAX ACT SECTION 5(c) OF BANKING REGULATION ACT, 1949Interpretation.5.In this Act, unless there is anything repugnant in the subject or context,** ** **(c) banking company means any com



Importance of vouching

  DHARMENDRA SHARMA    03 January 2015 at 11:00

I have come across many articles assistant and on asking their experience of audit one thing which I found common is that they all hate vouching during audit. For them, Vouching is a boring and monotonous work. But after reading my article, I am sure



Promoter Remuneration

  Member (Account Deleted)    05 August 2008 at 15:32

The remuneration of a promoter, may be paid in cash or partly in cash and partly in shares and debentures f the company.But in the absence of an agreement with the company after its incorporation a promoter can not file a suit in a court of law for t



Service Tax - Reverse Charge Mechanism

  Jatin Grover    27 January 2016 at 11:19

INTRODUCTIONTo explain the said topic, first I am going to give brief explanation of Normal Charge Mechanism. Generally service tax is payable by the provider of Service. For eg:- When service is provided by a Chartered Accountant to its client then



Constitutional provisions relating to taxation

  Amit Bajaj    15 May 2012 at 15:18

Constitution is the foundation and source of powers to legislate all laws in India. Parliament, as well as State Legislatures gets the power to legislate various laws from the Constitution only and therefore every law has to be within the vires of t



Renting of Immovable Property Service - Developments and Issues

  CA.Manindar Kakarla    13 June 2012 at 11:31

Renting of Immovable property service is one among the services which has huge implication as to the coverage of number of assessees and the quan




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