CAclubindia Articles

Serious Fraud Investigation Office - Salient Features

Posted by CS DHANAPAL 20 June 2014 17258 Views

Functions and Powers Companies Act 2013 provides for establishment of a Serious Fraud Investigation Office (SFIO) to investigate into the affairs of the Company on an order by the Central Government and where any case has been assigned to the SFIO, n

Refund to Cement Dealers vis-a-vis impact of after sales discount on Revenue Collection

Posted by PAWAN KUMAR KEDIA 19 June 2014 31389 Views

ITC Refund to Cement Dealers vis-a-vis impact of after sales discount on Revenue Collection.Introduction: Generally Cement Companies announces after sales discounts called ex post facto discount by way of credit notes to cement dealers. As a result

E-voting procedure for shareholders

Posted by CS M.Kurtrala Nathan 19 June 2014 13874 Views

Normally, the company may provide e-voting facility through NSDL or CDSL as an alternative, for all the shareholders of the company to enable them to casttheir votes electronically on the resolutions mentioned in the notice of the general meeting.

Negotiation lessons from the redbus exit

Posted by Guest 19 June 2014 13818 Views

At the time of exit to the Indian arm of the Ibibo group, Redbus had an enterprise valuation of around Rs. 600 crores (USD 125 million). Do you know what was the shareholding of its two founders Phanindra Sama and Charan Padmaraju? Less than 15 perc

Drafting, negotiating the tag along rights

Posted by Guest 18 June 2014 12484 Views

There is a whole lot of commercial lingo or jargon surrounding investment documentation, and much of it finds its way into legal agreements. Terms like drag, tag, liquidation preference, ROFO / ROFR&rs

PM Narendra Modi Needs New Fiscal System to Govern

Posted by CA Anil Kumar Jain 18 June 2014 9935 Views

(Outlined System herein below is The Solution for the Economic Revival of India) A few years back, when the world was looking at us with high expectation of growth and stability, the apathetic fiscal management severely dented the Indian economic sys

Master your ability to Focus

Posted by Shivanand Pandit 18 June 2014 13505 Views

Focus is our skill to pay attention to a focal point of interest. The ability to focus is considered as one of the most important aptitudes or attributes connected to success in life. It is necessary in school, in work and in everyday tasks and erran

Appointment of KMP under Companies Act,2013

Posted by CS M.Kurtrala Nathan 18 June 2014 24849 Views

Applicability: Every listed company and every other public company having paid up share capital of Rs.10 Crores or more shall have the following whole-time Key Managerial Personnel (KMP), (i) Managing Director (MD) or Chief Executive Office

Disallowance of input tax credit on the ground that seller is bogus or cancelled dealer- Part II

Posted by Amit Bajaj 18 June 2014 13649 Views

Another situation which in many of the cases under the Punjab VAT, which dealers are facing is the disallowance of input tax credit on the ground that the registration of seller of the goods has been cancelled or normally it is stated in the assessme

Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014

Posted by CS M.Kurtrala Nathan 17 June 2014 85649 Views

Rule 1- Short title and Commencement: These rules may be called the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014. They shall come into