CAclubindia Articles

Appointment of Managerial Personnel Analysis Part-I

Posted by Ankur Garg 06 October 2009 55586 Views

BASIC UNDERSTANDING AND DEFINITION OF MANAGING DIRECTOR, MANAGER AND WHOLE TIME DIRECTOR 1. Managing Director [Refer Section 2(26)]In terms of section 2(26), a managing director means a director who, by virtue of an agreement with the company o

Non-compliance of provisions - Opression and Mismanagement

Posted by Durga Rao 05 October 2009 8550 Views

Whether mere non-compliance of the provisions be construed as “Oppression” and “Mismanagement” under Company Law? It is known that section 397/398 of the Companies Act, 1956 enables the members to question the “o

JOB WORK, CENVAT & LITIGATION - GOOD JOB FOR CONSULTANTS

Posted by Pradeep Jain 05 October 2009 22107 Views

JOB WORK, CENVAT & LITIGATION – GOOD JOB FOR CONSULTANTS The article by:CA. Pradeep JainCA. Preeti PariharSukhvinder Kaur (LLB) Introduction: - ‘Job Work’, ‘Cenvat” and ‘Litigation’ - a combination of

WHY IFRS?

Posted by PS Prabhakar 04 October 2009 20410 Views

Why IFRS?It is the bane of our nation that for very many important issues, there is hardly any debate. For example, year after year, budgets are passed with no meaningful discussions in the Parliament. The writ of the interested few runs riot, main

The bottleneck is at the top of the bottle

Posted by PS Prabhakar 04 October 2009 11378 Views

The bottleneck is at the top of the bottle The satirical yet succinct quote which forms the caption of this article is that of the celebrated management guru of all times, Peter Drucker, when he was driving home the point that the source of all ills

SEBI (DIP) guidelines For public issue

Posted by Tapas Ruparelia 01 October 2009 64203 Views

Public Issue Requirements Entry Norms: Entry norms are different routes available to an issuer for accessing the capital market. I) An unlisted issuer making a public issue of equity shares or any security convertible at a later date into equity i.e

VAT's PROBLEMS AND ISSUES

Posted by NIDHI BANSAL 30 September 2009 58639 Views

Almost three-fourths of India has adopted the VAT regime, switching off its age-old sales tax system that had existed for more than 50 years. However, due to certain political and other considerations, some of the states have not joined the bandwagon

Brief note on Vat in Delhi

Posted by NIDHI BANSAL 30 September 2009 42969 Views

India, particularly the trading community, has believed in accepting and adopting loopholes in any system administered by the state or the Centre. If a well-administered system comes in, it will close avenues for traders and businessmen to evade payi

Tax Deduction at Source (TDS) -Not assesses fault

Posted by Mahesh Kapasi 30 September 2009 16879 Views

Income Tax- Tax Deduction at Source (TDS) -Not assesses's fault, Sir, why they are suffering? It is good that the Director of Income Tax (Systems) New Delhi has send E-mail to PAN holders to check their TDS etc as recorded by it (Form 26AS) for AY 2

HOW MISS SELLING RUINS A COMPANY

Posted by Indraneel Sen Gupta 30 September 2009 7071 Views

In every company sales mangers are required to appoint insurance advisors. What are these advisors are? In general the advisors are the ones who will sell the insurance products to the clients. That means they are one type of representatives of the