CAclubindia Articles

Number of directorships - A direction in good governance

Posted by Amitav Ganguly 14 October 2015 10474 Views

{Section 165 of the Companies Act 2013}BACKGROUNDThe basic legal premise of limiting the number of companies which an individual can hold directorships is that it is essential for his efficient functioning and effectual carrying out his fiduciary dut

Introduction of goods & ST in 2016 - A myth or reality?

Posted by Madhukar N Hiregange 14 October 2015 11753 Views

Media reports and press statements by Government Officials seem to suggest that the Union Government is keen to introduce Goods and Service Tax in the year 2016. While they themselves have given hope of its implementation from 1.4.2016, there seems t

Differences between Income Computation and Disclosure Standard and Accounting Standard

Posted by rohitash rajpurohit 14 October 2015 17620 Views

Statement showing differences between Income Computation and Disclosure Standard and Accounting Standard ICDS corresponding to accounting Standards ICDS No. ICDS Corresponding to AS Applicability on JAL I

Cash and cash equivalents

Posted by P.R. Sethuraman 14 October 2015 29636 Views

As per Para 54 of Ind. AS 1 on �Presentation of Financial Statements�, the statement of financial position shall include a minimum line items mentioned therein. One such point as per the line item (i) is �cash and cash equivalents&r

Am I addicted to my smart phone?

Posted by shivaji prasad bhimavarapu 12 October 2015 35149 Views

An activity, if done regularly will become a habit.A habit if repeated frequently will become an addiction.First we will understand what an addiction is. If you have no control over any of your activity you are addicted. Many people do not like to re

CARO 2015 - in short

Posted by shivakumara swamy s 12 October 2015 28498 Views

CARO 2015Applicability � Applies to all companies, including foreign companies,Except � It is not applicable to Insurance co, banking co, charitable organizations, one person Company & private company with equity of not more than 5

Fast Track Exit Scheme

Posted by CA. Arun Chacko 12 October 2015 14989 Views

What is Track Exit (FTE) Scheme?Fast Track Exit Scheme is introduced by Ministry of Corporate Affairs for giving opportunity to non-operating companies for getting their names struck off from the records of Ministry of Corporat

Board Training - Nothing more to learn

Posted by Sundharesan Jayamoorthi 12 October 2015 9135 Views

Is Corporate Governance Real, a Myth or is it to be practiced in Spirit or Letter? It is very difficult to conclude; the intention to implement and practice corporate governance seems to be the SPIRIT and to toe this line the regulators bring out leg

Battle on GST: States vs. Centre

Posted by Pradeep Jain 10 October 2015 34679 Views

INTRODUCTION:-Goods and Services Tax (GST), the 122nd Constitutional Amendment Bill, 2014 tabled by Finance Minister Arun Jaitley has already passed in the Lok Sabha. However, due to conflicts between the States and Centre and the reason that the Cen

No cenvat credit to a job worker manufacturer?

Posted by Yash Goyal 08 October 2015 46978 Views

Dear All, In this article I have discussed on the following question that I came across recently. Whether manufacturing of excisable goods which are cleared on payment of duty by job worker is covered under the definition of exempted services thereby