CAclubindia Articles

IAS 32 Financial Instruments

CA. Amit Daga 24 March 2009 at 23:04

IAS 32 Financial Instruments - Definition v A financial instrument is any contract that gives rise to a financial asset of one entity and a financial liability or equity instrument of another entityv The financial instr

Remission of Loan

ankush 24 March 2009 at 23:04

Remission of Unsecured LoanCase for Taxability u/s 41(1) vis-à-vis 28(iv)Brief facts for issue in discussion are as under- ABC Pvt. Ltd had taken unsecured loan from various parties. For the first 2 years the company paid interest regularly a

Penalty u/s. 271(1)(C)

Hiral Raja 24 March 2009 at 23:03

If the Assessing officer or Commissioner (Appeals) in the course of any proceedings under the Act is satisfied that any person has concealed the particulars of his income or furnished inaccurate particulars of such income, then he can direct that suc

Why IFRS.. Introduction

CA. Amit Daga 22 March 2009 at 16:33

Why IFRS? Ø Numero-uno accounting framework with global acceptance.Ø Business going global, more cross border transactionØ Access to international capitalØ Single global financial reporting language&O

List of IFRS

CA. Amit Daga 22 March 2009 at 02:32

The following IFRS statements are currently issued:IFRS 1 First time Adoption of International Financial Reporting Standards IFRS 2 Share-based Payment IFRS 3 Business Combinations IFRS 4 Insurance Contracts IFRS 5 Non-current Assets Held for Sale an

Discussion on Basics of Financial Market

Manmohan ACA, CS 22 March 2009 at 02:31

Discussion on Basics of Financial Market Discussion 1 What are the various types of financial markets? The financial markets can broadly be divided into money and capital market. Money Market: Money market is a market for debt securities that p

Requirements of Nominee directors/alternate directors

S.S.NARAYANA 22 March 2009 at 02:29

Duties of the Nominee direcotr/Alternate directors a the year endThe Nominee Director/Alternate Director shall give a notice to the investee company in the prescribed Form 24AA under the Companies (Central Government’s) General Rules & Form

AUDIT UNDER COMPANIES ACT,1956

Jaideep 20 March 2009 at 14:25

AN OVERVIEW RELATING TO AUDIT UNDER THE COMPANIES ACT, 1956 Audit of Annual Accounts of a company is compulsory and is indispensable part of incorporated business. Those who carry on business with the other people’s money have to be accountab

Basic idea of Equity in corporates

Ankur Garg 20 March 2009 at 14:24

Valuable Information. If you watch any news channel or listen to any of your colleagues talking you would have invariably heard the term "Shares". The term shares used here refers to "Equity Shares". "Equity Shares" ar

WHO IS ENTITLED TO BONUS ?

dheeraj kr singh 17 March 2009 at 19:09

Every employee of an establishment covered under the Act is entitled to bonus from hisemployer in an accounting year provided he has worked in that establishment for not less thanthirty working days in the year on a salary less than Rs. 3,500 per mo