CAclubindia Articles

Fast Track Issue

Posted by Anusha 14 November 2014 81457 Views

Hello Friends!Today when I was reading through the SEBI (ICDR) Regulations 2009, I came across a interesting mechanism of SEBI called Fast Track Issue (FTI) and immediately I started reading in detail about this. Till I read about FTI, whenever I rea

Are we are doing good to ourselves by taking coachings?

Posted by CA Nayan Gupta 14 November 2014 25821 Views

I will try to keep this article very short and crisp. Being a CA student, this thought comes to my mind several times that Are we are doing good to ourselves by taking coachings?. This is not some extra-ordinary question and I am sure t

Frivolous Appeals filed by Department

Posted by CA SUDEEP VIJAY CHHALLANI 14 November 2014 13322 Views

It is beyond any doubt to state that Income Tax Act, 1961 governing statute for Income Tax in India is one of the most intricate sta

Foreign Bank Accounting Terms

Posted by CA Bhavin Shah 13 November 2014 33572 Views

FOREIGN BANK ACCOUNTING TERMSNostro, Vostro and Loro are Italian terms. These are the most commonly used terms in Forex Markets. For dealing in forex market, Indian Branch should have a current account with the foreign branch dealing in respective cu

NACAS vis-a-vis NFRA

Posted by CA HEMANT SHARMA 13 November 2014 22753 Views

NACAS OF COMPANIES ACT 1956 Vis--vis NFRA OF COMPANIES ACT 2013(National Advisory Committee on Accounting Standard vis--vis National Financial Reporting Authority) As a corporate professional one should be equipped with the knowledge

Adoption of MOA & AOA

Posted by CS Divesh Goyal 13 November 2014 24730 Views

AMENDMENT IN MAIN OBJECTS, IF THE COMPANY IS CARRYING ANY BUSINESS COVERED UNDER OTHER OBJECTS IN THE MEMORANDUM OF ASSOCIATION. 1. PROVISIONS FOR OBJECT CLAUSE UNDER COMPANIES ACT - 1956 As per Section 13 of the Companies Act, 1956 the Object Clause

Procedure of conversion of private ltd. company into LLP

Posted by Nisha Sharma 13 November 2014 123650 Views

PREREQUISITES 1. No-Pending of E-forms filed by Company.2. No Charges should subsist at MCA site3. One financial year must over4. Update filing of all forms and returns5. Update - income tax filings. 2. PROCEDURE a. Board Resolution regarding Change

Internal Audit under the new Companies Act 2013

Posted by Tulasi S Sastri 11 November 2014 51905 Views

Internal Audit under the new Companies Act 2013 – Opportunity or Responsibility for the Internal Auditor? Since Internal Audit has been given statutory recognition (under Section 138 of the Act), and has been made mandatory for certain categori

Amendment in assessment under Punjab VAT Act, 2005

Posted by Amit Bajaj 10 November 2014 13270 Views

Now a days It is seen that the Excise and Taxation Department, Punjab has started issuing notices for amendment in assessment in many cases. These notices are being issued ussualy on the basis of audit objections received from State CAG or sometimes

Arye wah! Instructions to reduce hardship of taxpayer in Income Tax Scrutiny

Posted by CA Umesh Sharma 10 November 2014 26598 Views

Karniti Part 62Arye wah! Instructions to reduce hardship of taxpayer in Income Tax Scrutiny.Arjuna (Fictional Character): Krishna, recently on 7th November 2014, the Central Board of Direct Taxes has issued instructions for reducing hardship of taxpa