CAclubindia Articles

Getting relief from DRT under SARFAESI Act, 2002

Posted by Durga Rao 06 April 2012 20994 Views

It would be clueless for the professionals at times in answering the queries of the borrowers facing proceedings under The Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002. If the

Books of Account u/s 209 of the Companies Act,1956

Posted by G S Rao 05 April 2012 135672 Views

Introduction Section 209 is one of the most important sections in the Companies Act, 1956. This section deals with the requirements of maintenance of books of accounts and penalties for non compliance. A detailed analysis of the provisions of Sect

Procedure for Appointment/Re-Appointment of Cost Auditors

Posted by Ajay Mishra 04 April 2012 998442 Views

Ministry has reviewed the existing procedure followed by the companies seeking prior approval of the Central Government for appointment of cost auditor under section 233B(2) of the Companie

Revised Schedule VI - Paradigm shift and Impact

Posted by CA S.SAIRAM 03 April 2012 70999 Views

The Revised Schedule VI which is to come with effect from 1.4.2011 is intended to mandate a presentation format which will facilitate showing what would have been accounted under the upcoming I

IFRS- Impact on Country's GDP

Posted by CA S.SAIRAM 02 April 2012 18200 Views

IFRS: Impact on the Countrys GDP IFRS (International Financial Reporting Standards) is not just a corporate subject but something which is of national interest. As the world turns into a Global village it is difficult for a co

Commodity Exchange: For Beginners

Posted by CA Prashant Gupta 02 April 2012 22486 Views

Today, we know the commodity market as a place to trade the different commodities without taking delivery of same. You can trade in gold, silver, crude oil, agriculture products, metals and many more, without bothering about the perishable nature of

Procedure for Issue of FCEBs

Posted by Ajay Mishra 02 April 2012 12302 Views

PROCEDURAL REQUIREMENTS Before the issue of FCEBs to a person resident outside India, the issuing company must note the following points: 1. Whether, the issuing company is eligible to raise funds in foreign exchange in accordance with For

2(22)(e) - Income Tax Department & Assessee

Posted by CA Kishore Tallam 02 April 2012 50338 Views

2(22)(e) A Long standing Dispute between Income Tax Department and Assessee: Background of the Section: Its a regular practice between closely held group companies to transfer monies to meet their fund requirements (other than for

Determination of Date of which rate of service tax to be taken

Posted by PUNEET GOYAL 31 March 2012 44998 Views

PRECAUTION TO BE TAKEN FOR TAKING RATE OF SERVICE W.E.F 01.04.2012 (Either 10% or 12%) (Before proceeding further please read the disclaimer at the bottom of this write up) With effect from 01.04.2012, rate of service tax has been increased from 10%

Pay Later Option in MCA Portal

Posted by CS MOHIT SALUJA 31 March 2012 19818 Views

Pay later option The Ministry started the Pay Later Option on the MCA Portal which got effective from March 20, 2012. What Pay Later option is and what is its benefit will be discussed here. What is Pay Later Facility Currently, payment for MCA21 se