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I will be appearing for my CA final exam in May 2010. But I want to take transfer in between June to July
Pls let me know the procedure
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Freinds i am a qualified CA, without bachelors degree but recently i have registered with IGNOU for BCOM (A&F).now i would like to register for CFA level 1 can i do so.....
Pleasae reply asap in urgent requirement
CAs Rockzzzzzzz
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i have just given ipcc exams in nov 09 so i want a frim for my articleship ? so please tell me about frims and how to apply to frim for articleship ?
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IS THERE ANY REQ. OF IDT COACHING.
PLS REPLY ITS URGENT.
IS DIPAK GUPTA BOOK IS GOOD FOR SELF STUDY?
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can anybody provide a file for scheme of journals in amalgamation(purchase,absorption and merger)?
pls.....
thanks in advance....
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i hav completed my 2 years of articleship and now want to take transfer .could it be possible or not ?someone has said me that i can take the transfer once without giving any cause to institute.is it true ?
What are the procedure of transfer ???????????
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As i have already asked but can't convinced the expert to convey my question what i am desirabe. but now i am interested to guide me under these guidlined what parameter i may adopt to solve my problem. i will be thankful.
Borrowing Power of a company
1. Irresponsible borrowing has caused the closure of many companies in Pakistan and the world. Borrowing beyond a company’s means to service interest and repayments significantly increase its insolvency risk.
2. No law puts any limitation on the amount that company can borrow. There are generalized references to prudence in all decisions, but there is no specific law that forbids a company (or its board) to borrow beyond a particular amount.
3. Virtually no company is restrained by its Articles of Association to borrow beyond any specified limit.
4. There are restrictions imposed on financial institutions by State bank of pakistan that forbid them to lend a company beyond a certain percentage of its total equity, but these restrictions are for lenders, not borrowers.
5. Most listed companies in Pakistan are run by those who hold, directly or indirectly, more than 51 % of the equity. Such persons are liable to inflate the prices of a company’s assets to overstate their equity contribution-thereby circumventing SBP rules. Such companies end up insolvent more often than others.
6. Enhanced risk of insolvency is not the only undesirable consequence of imprudent borrowing. The interest of several stakeholders is adversely affected by company’s inability to service its debts.
In view of the situation as outlines above, assume that Securities & exchange commision has assigned you the task to frame a POICY DOCUMENT ON BORROWING POWERS OF PUBLIC LIMITED COMPANY. It is indented that this policy will lead to amendment in companies Act.
4. while framing your proposals give due regard to:
a. Putting an unjustified limit (in terms of amount or percentage of equity) on the maximum borrowing that a company can make may inhibit its growth and hence adversely impact the economy. Again imposing a uniform quantitative or percentage bar on the borrowing of All companies may not be advisable as companies differ in nature and types of capital structures required to run them
b. SBP’s insistence on asking all directors to submit personal liabilities for loans taken by the company is counter productive as it negates the concept of limited liability. Un scrupulous companies nominate persons with poor net worth as directors to dodge this provision and at the same time this provision deters genuine independent directors from accepting directorial appointments. Thus it does not protect the other stakeholders of the company.
c. Exempting non executive directors from responsibility for company’s liabilities appears logical when seen in context of limited liability companies, but it is liable to open up doors for misuse and abuse.
d. The ethical standards of those who run limited companies in Pakistan forbid any attempt to allow them to be self regulated however the scope of formalized self regulation by company boards has not yet been explored.
what i may do now?
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Can anyone let me know whether there is any E-Learning course on IFRS conducted by ICAI, available for CA Final students (whos Articleship is completed).
Kindly let me know from where can i get the details and alernatives available, if any.
Please tell me ASAP.
Thanks....
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i am student of ca final and recently cleared my pcc.My article training is to complete on 20th april 2011. So as per pcc scheme when is my ca final attempt due . is it may 2011 or nov 2011 ? . as i am unable to make out my final due date from final registratrion letter .plz reply as soon as possible .
Regards,
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hi,
can any one suggest how to get transfer of article ship within 50km because i had moved away almost 30kms from my present office finding it very difficult to manage.
regards
veda
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