How does a company determine the amount of money in excess of its wants? Is it by computing the money remaining idle?If so how is that computed?

Refer section 100(1)(c)

Respected sir/madam,
I have cleared my PE2 exams in May07. Now i have to get registered for the C.A. final course.But i am a bit confused whether to go for the New or the old course.If i go for old than i will have my final attempt in nov09 which is the last attempt for the old course.And the other option available is that i can go for the new course but for that i can give final attempt in may2010 and not in nov 09.But i don't want to waste my 6 months.

So, kindly guide me towards the right direction.
Also,tell me about the changes in the new course.

Thanking You
Mohanish Aggarwal

whether an office which is comes under the purview of embassy is it liable to deduct TDS for the payments which it makes in India?

What is the difference between income & revenue

what is meant paid up share capital which is lost or unrepresented by available assets?
Refer section 100(1)(b)

is there any specific condition or requirement for considering income earned from sale and purchase of equity shares through d-mat account as a BUSINESS INCOME.

AND IS IT OPTIONAL to consider it as a short term capital gain or business income.?

What is meant by extinguishing liability on shares as provided in Section 100 ?
What is the difference between extinguishing liability and reducing liability on share capital?

Dear Sir,

A manufacturing Company received a Purchase Order. According to this P.O.:- Mfg. Co. will send the material to M/s ABC Co.; ABC Co. have taken L/C and It will issue the 'Form C' to Mfg. Co. but ABC Co. wants to get delivered the goods to XYZ Co. directly and XYZ Co. take the Cenvat Credit; for this ABC Co. wants Mfg. Co. issue two invoices;

First- Commercial Invoice in the name of ABC Co. for the purpose of L/C and 'Form C'

Second- Excise Invoice under rule 11 in the name of XYZ Co. for the purpose of availing Cenvat credit by XYZ

My Question is:- Can it possible to issue two invoice in different name for same goods ?

If it is not possible, how can XYZ Co. availed cenvat credit?

please reply soon

with regard

Can you share few articles on Sarbanes Oxley, Risk Management and COSO frame work?

Under Companies Act,1956 is it permissible to accept Share Application Maoney be in Kind? or it has to be in Cash only?