Popular Articles


Why do I consider Purchase Order, an important Internal Financial Control?

Posted by Tulasi S Sastri 30 March 2015 17644 Views

We all know that Purchase Order is a document, released by an organization, to a vendor, to make supplies of a specified item or material, at a given price, of specified quantity, quality and description. If the mandate to a vendor is for specified



All about IND AS and its implementation

Posted by CA Pooja Dhoot 16 June 2020 17643 Views

IND AS stands for Indian Accounting standards and are converged standards for International Financial Reporting standards.



Karniti Part9: Starting New Business! Follow the Laws!

Posted by CA Umesh Sharma 05 November 2013 17641 Views

Arjuna: Dear Krishna, After Laxmipujan, on Padva, New Year is starting. Many new business ventures and activities are inaugurated on this auspicious occasion. In Diwali festival this day have a great importanc



Petition u/s 397/398 - Subsequent events - Scope?

Posted by Durga Rao 17 July 2012 17634 Views

Section 397/398 of the Companies Act, 1956 provides relief to the minority shareholders against the oppressive actions of the majority and the mis-management in the company. Section 399 of the Companies Act, 1956 deals with the issue as to who can



Punitive Provisions relating to Statutory Auditors Under Companies Act, 2013

Posted by CS DHANAPAL 25 July 2014 17632 Views

Companies Act, 2013 seems to have laid lot of emphasis on audit which is evident from the fact that it has prescribed four different kinds of audits for companies, namely, Financial Audit, Internal Audit, Secretarial Audit and Cost Audit. In its purs



Why GST in India is unique?

Posted by CA Jigar Shah 04 April 2017 17632 Views

France was the first country which introduced a comprehensive GST Regime in 1954.GST rates in various countries ranges from 5 per cent to 25 per cent.



How to channelize the Black money to India's Infrastructure development

Posted by N.Srinivasan 07 October 2014 17626 Views

I do not want to elaborate about the creation, source and utilization of Black money as the reasons and the purposes are well known. Earlier attempts by the Government through voluntary disclosure schemes have not brought desired result



4 weird facts about the Chinese stock market

Posted by Karishma 16 September 2015 17625 Views

Striking similarities between Nasdaq 2000 and 2015 Shanghai Composite Index: The fourth quarter of 1999 marked the beginning of the dot com boom, projections for online companies were huge and people rushed into buying stocks. On Sept 6, 1999 the NA



Case Study on GST Act 2017

Posted by FCS Deepak Pratap Singh 16 December 2022 17624 Views

A Contractor is about to transfer Capital Assets, Tools and Spares from one of his sites at Maharashtra to another site at Gujarat and wants to understand GST applicability in this case.



At the verge of financial reporting

Posted by Aditi Jhunjhunwala 27 July 2012 17621 Views

At the verge of financial reporting- MCA comes up with amended format for Abridged Balance Sheet and Profit and Loss Account Just as companies have declared the financial results for FY 2011-12, the Ministry of Corporate Affairs (MCA&rdqu




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