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Inventory write downs vis-a-vis Rule 3 (5b) of CCR
Inventories are measured at the lower of cost or net realizable value (NRV). If the NRV falls below the recognized costs pf an inventory item, the respective inventory items must be measured. Inventory write-downs should reflect the estimated loss i
ICAI orientation programme - A systematic consideration
It's time to wake up from your slumber and grab all the opportunities & learning imparted in Orientation program.
Focus on protecting transaction - Companies Act 2013
ACCOUNTS OF COMPANIESIntroductionCompanies act, 2013 lays down the broad framework, detailed procedure is prescribed in rules covering 60%/70% of the working of the act. Companies act, 2013 has recognized the fact of term control
Sarfaesi Act, 2002 - Borrowers' Woes
T.R.Radhakrishnan, Banking & Management Consultant, Facilitator: DRT & SARFAESI CASES, H.R.Trainer; Corporates, Colleges & Schools, 17, Morya Gardens, Kanadia Road, Behind Karnataka Vidya Niketan, Indore. 452016. Madhya Pradesh Mobile
Recent case laws related to revocation of the cancelled GST Registration
In this article, we are discussing some of the recent decisions delivered by the Courts in GST law.
Budgeting and Decision Making
BUDGETING INTRODUCTION: The most common method of creating a budget is to simply print out the financial statements, adjust historical expenses for inflationary increases, add some projected revenue adjustments and the instant budget is ready. The
Registration under Punjab shop and Establishment Act, 1956
REGISTRATION UNDER PUNJAB SHOP AND COMMERCIAL ESTABLISHMENT ACT, 1958 IN PUNJAB: AN OPTION FOR THE ONE MAN PROPRIETORS TO GET THEMSELVES REGISTEREDThere are a no. of acts where the business man can get himself registered like Partnership Act, 1932, C
Dutiability of scrape generated during the process of re-made, refined, and re-conditioning
When we discuss the sources of law, the precedent is one of the most important sources of law apart from the codified law and the law arrives though customs. When the law is not cleared enough through the statute then the role of the precedent came i
SEZ - A Need for Enterprises
A very Good morning to all the member's of CCI family. Today i am here to discuss upon a very vital topic i.e " SEZ - Special Economic Zone " - A Need for Enterprises. I promise you all, i will not use any law language, so that you all
Case Study: Application for reduction in share capital u/s 230 of the Companies Act
Facts of the case:R Systems International Limited is a company listed on recognized stock exchange in India having its registered office in New Delhi. The Compa...
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