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Requirements of Nominee directors/alternate directors

Posted by S.S.NARAYANA 22 March 2009 13784 Views

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

Posted by Jaideep 20 March 2009 208038 Views

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

Posted by Ankur Garg 20 March 2009 13845 Views

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 ?

Posted by dheeraj kr singh 17 March 2009 24961 Views

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



Cost control through ERP

Posted by Dilip K Raina 16 March 2009 12265 Views

The third quarter financial results make it clear that the slowdown continues and may prolong. A worst hit sector in the current crisis has been infrastructure, having been hit twice, first by the steep price rise of inputsin land prices raw material



Income from business and Profession

Posted by anu 16 March 2009 11635 Views

Income from business and Profession 1. What does ‘Profession’ mean? Profession means exploitation of one’s skills and knowledge independently. Profession includes vocation. Some examples are legal, medical, engineering, architectu



What is derivative??

Posted by Manmohan ACA, CS 16 March 2009 9102 Views

Derivative: MeaningDerivativeThe term "Derivative" indicates that it has no independent value, i.e. its value is entirely "derived" from the value of the underlying asset. The underlying asset can be securities, commodities, bullion, currency, live s



Restrictions on transfer of shares vis-à-vis Articles of Ass

Posted by Suresh Savaliya 14 March 2009 13803 Views

Suresh Savaliya, ACs, LL.m, LL.b. Mumbai Generally, for joint adventures, a private limited company is suitable shape to regulate the relationship between entrepreneurs smoothly. However sometime, because of some limitatio



FAQ on Taxable Income

Posted by jyoti 12 March 2009 9725 Views

FAQ on Taxable Income 1. What does the Income Tax Department consider as income? The word ‘Income’ has a very broad and inclusive meaning. In case of a salaried person, all that is received from an employer in cash, kind or as a facility



General Question Regarding Income-tax

Posted by jyoti 10 March 2009 10561 Views

General Question Regarding Income-tax 1. What is Income Tax? It is a tax imposed by the Government of India on any body who earns income in India. This tax is l...




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