CAclubindia Articles

Note on Conversion of Partnership Firm into a Limited Company

Ajay Mishra 17 January 2013 at 13:36

NOTE ON CONVERSION OF PARTNERSHIP FIRM INTO A LIMITED COMPANYINTRODUCTIONPartnership is a kind of organization, in which, few like-minded persons pool up their resources to form a partnership firm. Section 4 of the Partnership Act, 1932, defines part

Shadow Directors - Myth or Reality

AMITAVA BANERJEE 17 January 2013 at 13:36

CS Amitava Banerjee It is generally presumed that the business of corporate entities is controlled and transacted by their Board of directors, which occupies a fidu

Societies Registration Act, 1960- A Glimpse

CS SIDDHARTHA BANIK 17 January 2013 at 12:40

INTRODUCTION This article contains brief description of formation of a Society in India under the Societies Registration Act, 1960. In this article, I have tried to highlight the procedural formalities, important provisions of th

FRRBs observation on Non-Compliance in relation to AS-18

Rajavardhan.A 17 January 2013 at 12:40

The non-compliance's found by Financial Reporting Review Board (FRRB) on review ofgeneral-purpose financial statements of certain enterprises is regularly published in the ICAI Journal. January 2013 edition of the journal has the compilation o

New Proposed Provisions on Related Party Transactions

Arpit Shah 17 January 2013 at 12:39

1. Definition of Related Party in the Companies Bill 2012: related party, with reference to a company, means (i) a director or his relative (ii) a key managerial personnel or his relative (iii) a firm, in which a

4.94% Service Tax on Restaurant Bills - are we paying extra?

Navin 17 January 2013 at 12:39

From the plain and simple reading of the provisions of the Service Tax Law, one will simply understand that Service Tax can be levied only on the service portion of any activity. But generally the restaurant owners charge Service Tax on the total bi

A Small Note on Related Party Disclosure

CA Prashant Gupta 17 January 2013 at 12:39

A Small Note on Related Party Disclosure Sometimes relation between two or more enterprises effects the arm length price transactions between them. To know the effect of this relation on financial statement, one must know this relation. For this p

Reverse Charge Methodology under Service tax

CA. RAVIKUMAR 17 January 2013 at 12:39

Reverse Charge Methodology of Service Tax. The responsibility to pay service Tax: With effect from 1st July, 2012 The Government of India has notified the concept called reverse charge Methodology, A brief explanation about the same has been inc

SEBI Buy Back Modification - Open Market purchase 2013

AMITAVA BANERJEE 17 January 2013 at 12:39

Sebi buy back framework modification open market purchase 2013 CS Amitava Banerjee A repurchase of outstanding shares from investors, by a company using its surplus cash within a stipulated time frame at their prevailing market prices

HC grant stay against CBEC's Circular on Recovery of Demands

Bimal Jain 15 January 2013 at 13:27

AP High Court grant interim stay against CBECs Circular on recovery of confirmed demand during pendency of stay application The Central Board of Excise and Customs (CBEC) has issued its first Central Excise Circular No. 967/01/2013 - CX, dat