CAclubindia Articles

Companies act, 2013- Sec 139- Rotation of auditors

CA Sripriya K 19 February 2015 at 10:47

No listed company or a company belonging to such class or classes of companies shall appoint or re-appoint:- An individual For more than one term of five consecutive years An audit firm For more than two terms

Analysis on current ratio

CA N RAJA 18 February 2015 at 10:52

MANU CONVERSATION BETWEEN MANU AND VINU ABOUT CURRENT RATIO VINU Manu Vinu! You are looking very angry. What happened?Vinu Manu! I am sick of our Bankers! They denied working capital loan to our company by just quoting one ratio.Manu What was that

Budget wishlist 2015 - Highlighting various direct tax provisions

Shivanand Pandit 18 February 2015 at 10:29

Dear Finance Minister, Make India a tax heaven NOW Respected Sir, Its that time of the year when you are preparing next years budget for presentation in parliament. Hopefully this Budget is not just an an

Changes in boards report

CS Vasudev Sharma 18 February 2015 at 10:29

CENTURY ENKA LIMITED Comparative Ananlysis of Directors Report as per companies act, 2013 and 1956 Sr.No. Companies Act, 2013 Companies Act, 1956 1 Business/ Financial Highlights Business/ Financia

Sec 138 - companies act, 2013- compulsory internal audit

CA Sripriya K 18 February 2015 at 10:28

Introduction and Old Vs New Section 138 of the Companies Act deals with Internal Audit of Companies. This section states that certain classes of Companies shall be required to appoint an internal auditor who shall either be a Chartered Accounta

Effective key exam tips

Divya Agarwal 18 February 2015 at 10:28

I qualified my company secretary examination last year, and luckily was the first one to clear among my peers with whom I started the course. By God’s grace I succeeded in clearing all of my levels at the first attempt and so am

Dormant Companies - Sec- 455

CA Sripriya K 17 February 2015 at 10:42

Dormant Companies - Sec- 455 In certain cases, Companies are formed only for the purpose of holding certain assets or IPR or for a future project and such companies do not have routine accounting transactions. Further, it is also likely that certain

Section 194DA clarification needed

Rajesh Kumar Gupta 17 February 2015 at 10:42

Applicability of various provisions of Income Tax Act 1961 to Insurance policies: Also a debate over newly inserted section 194DAA brief DescriptionWith a view to inculcate a habit of thrift, GOI, has through Income Tax Act 1961 and various Finance A

Black money

CA Raj K Agrawal 16 February 2015 at 11:05

Black money refers to funds earned on which income and other taxes have not been paid. This money is largely accumulated from: 1. Lower income declared by Businessman in Income tax returns. 2. Money of Politicians & Government official created fr

Standard operating procedure for prosecution in cases of TDS/TCS default

CA SONIYA AGARWAL 16 February 2015 at 10:17

Two categories of cases for prosecution in TDS related offences: LIST A - MANDATORY PROSECUTION :-TDS of more than Rs. 1,00,000 deducted but not deposite