CAclubindia Articles

FAQs on Fast Track Exit Mode

CA Harish Negi 21 February 2013 at 11:29

Hello friends following are the frequently asked questions on Fast Track Exist. 1. What is Fast Track Exit (FTE) Mode? Ministry has issued Guidelines for "Fast Track Exit (FTE) Mode" to give opportunity to the defunct companies to get

Procedural Checklist for effecting transfer of shares of the Company

Ajay Mishra 21 February 2013 at 11:29

INTRODUCTION The word 'transfer' is an act of the parties by which title to property is transferred from one person to another. Under Section 82 of the Companies Act, 1

It happened in 13: Those 12 hours

Niraj Mahajan 21 February 2013 at 11:29

The day before the result. Unexpectedly I was calm, was with friends..had fund with them and saw a nice move in cinema hall.. came night, and the butterflies started waking up.. telling me how can you possibly sleep? Still, somehow passing time on

Risk Management - Steps Ahead!

Kannan Iyappan 20 February 2013 at 11:49

RISK MANAGEMENT Any organization, public or private, large or small, faces internal and external uncertainties that affect its ability to achieve its objectives. The effect of uncertainty on an organizations objectives is risk.

Steps for Formation of a Company

Aman 20 February 2013 at 11:49

Steps to be taken to get a new company incorporated: 1. Select, in order of preference, at least one suitable name upto a maximum of six names, indicative of the main objects company. 2. Ensure that the name does not resemble the name of an

FAQ'S on Fema

VIKAS.A 20 February 2013 at 11:49

FAQS ON FEMA Friends I am going to discuss few FAQS on FEMA, ntroduction : 1. The legal framework for administration of foreign exchange transactions in India is provided by the Foreign Exchange Management Act, 1999. Under the Fo

Directors Beware

CMA. CS. Sanjay Gupta 20 February 2013 at 11:49

Number of companies in which a person can hold the office of a director Section 275 (Read along with Section 276, 277, 278 & 279) of the Companies Act, 1956 Vs. Clause 165 of the Companies Bill 2012 A comparison of old and new provisions

Profession Tax Maharashtra- Recent changes

CA CS Pawan Jajoo 19 February 2013 at 11:55

CA Pawan Jajoo Amravati. M-9422917369 Points- Profession Tax E-Enrollment- 3rd proviso to Sec 3(2) is inserted from 01.05.2012. Which states that, a person who is liable to pay tax has remained un-enrolled; then, his liability to pay tax under

Salaried Person and their Expectation from Budget

CMA Arif Farooqui 19 February 2013 at 11:55

As next year budget is just round the corner, everyone is expecting something from Finance Minister but we should understand, he has some limitations due to heavy fiscal deficits. There are numbers of points which we are expecting from this b

Risk Based Internal Audit Plan - A Practical Approach

Dr. Rashid Mehmood, CPA, Ph.D 18 February 2013 at 11:41

The internal auditors role has become more important ever since before and the legislators, regulators and top business executives realize the importance of auditors in the governance and performance equation. Therefore, the auditors in a