Cost Management Problems 4 CA Final  By Kalpesh Sir

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  Tax Shelter Mean?
A legal method of minimizing or decreasing an investor's taxable income and, therefore, his or her tax liability. Tax shelters can range from investments or investment accounts that provide favorable tax treatment, to activities or transactions that lower taxable income. The most common type of tax shelter is an employer-sponsored 401(k) plan.  

 Tax Shield Mean?
A reduction in taxable income for an individual or corporation achieved through claiming allowable deductions such as mortgage interest, medical expenses, charitable donations, amortization and depreciation. These deductions reduce taxpayers' taxable income for a given year or defer income taxes into future years.

Tax shields vary from country to country, and their benefits will depend on the taxpayer's overall tax rate and cash flows for the given tax year.
 

Income Splitting Mean?
A tax reduction strategy employed by families living in areas that are subject to bracketed tax regulations. The goal of using an income-splitting strategy is to reduce the family's gross tax level, at the expense of some family members paying higher taxes than they otherwise would.

  Stock Split Mean?
A corporate action in which a company's existing shares are divided into multiple shares. Although the number of shares outstanding increases by a specific multiple, the total dollar value of the shares remains the same compared to pre-split amounts, because no real value has been added as a result of the split.

In the U.K., a stock split is referred to as a "scrip issue", "bonus issue", "capitalization issue" or "free issue".

Fractional Share Mean?
A share of equity that is less than one full share. Fractional shares usually come about from stock splits, dividend reinvestment plans (DRIPs) and similar corporate actions. Normally, fractional shares cannot be acquired from the market.

 Post by sameer m sand compiled by Kalpesh Chauhan

Primary Distribution Mean?

The original sale of a new security issue (bonds or stocks) from a company to investors/shareholders. Proceeds from a primary distribution are sent directly to the issuing company. All bond offerings are considered primary distributions.

Also sometimes referred to as a "primary offering". 

Management Buy-In - MBI Mean?
A corporate action in which an outside manager or management team purchases an ownership stake in the first company and replaces the existing management team. This type of action can occur due to a company appearing undervalued or having a poor management team

Income Shifting Mean?
A strategy of moving a person's income from a high income bracket or tax rate to a lower one.

 Posted by sameer m sand compiled by Kalpesh Chauhan

Download Notes from the Following Links of Taxation, Accounts, Maths etc

For IPCC/ATC

https://azzeeweb.co.cc/ipcc_zone.html

For CPT

https://azzeeweb.co.cc/education/CPT_Related.html

For Others

https://azzeeweb.co.cc/education/index.html

Thanks

Azharuddin Khan

https://azzeeweb.co.cc

Originally posted by : Azharuddin Khan
	Download Notes from the Following Links of Taxation, Accounts, Maths etc For IPCC/ATC https://azzeeweb.co.cc/ipcc_zone.html For CPT https://azzeeweb.co.cc/education/CPT_Related.html For Others https://azzeeweb.co.cc/education/index.html Thanks Azharuddin Khan https://azzeeweb.co.cc

https://azzeeweb.co.cc

Thanks Rahul and kalpesh for these huge efforts to help others .god bless !!!!

There are 1 Replies to this message

Kalpesh Chauhan PE-II - 1st grp- 2 papers remaining [edit] [edit photo] [ Scorecard : 1874]	Posted On 18 May 2010 at 14:51 Report Abuse / Feedback Name Email Subject Message    Note : The above form can be used to intimate the moderators regarding abuse of the platform.
	Form for filing balance sheet and other documents with the Registrar var addthis_config = { services_compact: 'orkut,facebook,twitter,linkedin,yahoomail,gmail,hotmail,google,googlebuzz,more' } Attached File : 51_1008_form23ac.pdf downloaded 25 times
Kalpesh Chauhan PE-II - 1st grp- 2 papers remaining [edit] [edit photo] [ Scorecard : 1874]	Posted On 18 May 2010 at 14:53
	FORM 23ACA Form for filing Profit and Loss account and other documents with the Registrar Attached File : 14_1085_form23aca.pdf downloaded 3 times

Form for filing annual return by a company having a share capital with the Registrar

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Attached File : 23_1007_form20b.pdf

FORMAT OF FORM 23AC

Corporate Law 18 May 2010

FORMAT OF FORM 23AC

Corporate Law 18 May 2010

FORMAT OF FORM 21A

Corporate Law 18 May 2010

FORMAT OF FORM 20B

PROCEDURE

 
1. A notice by registered post is sent to the defaulting members demanding payment.

 
2. A list of persons, who have not paid the amounts due inspite of the notice, will be prepared.

 
3. The Board meeting will consider the proposal for forfeiture and will direct the secretary by resolution to issue notice to the member (as per draft approved by the Board) requiring him to pay the money due on the shares.

 
4. The notice will further state that in case of non-payment on or before the date mentioned therein, the share is liable to be forfeited without further notice.

 
5. The resolution will authorise the Secretary to take further action to forfeit the shares in case the conditions of the notice are not complied with.

 
6. Where the money due is not received on or before the due date specified in the notice, the director or secretary, authorised by the Board, will make a declaration, which will be duly verified, that the share in the company has been
forfeited on the date stated in the declaration.

7. A notice will be published in the newspaper.

 
8. Stock exchange will be advised of the forfeiture in the case of listed shares, immediately after the Board meeting.

 
9. The forfeited shares may then be disposed by sale or in any other manner as directed by the Board.

 
10. Short particulars of reissued shares will be advised to the stock exchange concerned.

 
11. Before selling the forfeited shares, keep ready a duly verified declaration in writing signed by the director, manager or secretary of the company stating that the shares of the company have been forfeited on a particular date.

 
12. The aforesaid declaration will serve as conclusive evidence against all persons claiming title to shares forfeited and sold to others.

 
13. To give effect to the sale of forfeited shares, the Board will authorise some person, preferably the director or Secretary, to transfer the shares sold to the purchaser thereof and to make a declaration in connection therewith.

 
14. Show full consideration either by receipt or by adjustment, for the sale of forfeited share and execute the transfer of those shares in favour of the person to whom shares are sold or disposed of.

 
15. The defaulting members will be asked to return the share certificates.

16. If they fail to do so fresh certificates will be issued.

 
17. Public and stock exchange will be advised not to deal with the old certificates.

 
18. On registration of the transfer in the books of the company, the purchaser will be recorded as the owner of the shares in question.

 
19. Any surplus arising out of sale after adjusting the amount due to the company in respect of the shares will be refunded to the member concerned.

Originally Posted by Adarsh

Re-issue of forfeited shares

Negotiable Instrument Act 1881

Attached File : 10_19059comp_sugans_pe2_bcl_cp4.doc

Technique to prepare Section in Company Law

Kalpesh Chauhan PE-II - 1st grp- 2 papers remaining [edit] [edit photo] [ Scorecard : 1880]	Posted On 10 May 2010 at 23:02
	i have got experienced Ankur sir and agre with you. i just wrote  point to point answers and got 81 marks. There is no relation between pages and marks. just give tour best answer based on your knowledge of what is required in question. even half page will get it done. Message Thanked by (Total thanks : 1) Ankur Garg,
Kalpesh Chauhan PE-II - 1st grp- 2 papers remaining [edit] [edit photo] [ Scorecard : 1880]	Posted On 10 May 2010 at 23:07
	Apply your knowledge of the particular act with the problem given in a particular case. Dont mug the sections and provisions but keep your mind open for practical circumstances. As it has been reasonably the tendency of the institute to ask more practical questions than theoritical. So all the best to the students of IPCC and PCC. Message Thanked by (Total thanks : 1) yash,
Ankur Garg Company Secretary and Compliance Officer [ Scorecard : 36558]	Posted On 11 May 2010 at 10:14
	Wah Wah Kalpesh Ji kya baat kahi hai...Totally agree with you and congrats for 81 Marks. You know this is a very important point--- We should first study the law or section and then apply the same on practical problem. In other words we can use the practical problems as an example to understand the application of particular section or theory.   Thanks for sharing your experience. Best Regards
Kalpesh Chauhan PE-II - 1st grp- 2 papers remaining [edit] [edit photo] [ Scorecard : 1880]	Posted On 11 May 2010 at 12:12
	No need to say thanks. CA itself is a profession as a service to the society. I am just giving the same for the betterment of the upcoming students so that they might not commit such mistakes as i did in previous attempts. Message Thanked by (Total thanks : 1) Aldrine,
Ankur Garg Company Secretary and Compliance Officer [ Scorecard : 36558]	Posted On 11 May 2010 at 12:16
	Originally posted by : Kalpesh Chauhan No need to say thanks. CA itself is a profession as a service to the society. I am just giving the same for the betterment of the upcoming students so that they might not commit such mistakes as i did in previous attempts.     Great Thought Ji.   In that case make a separate post and share your experience with everyone. Am sure it will be a valuable one... Message Thanked by (Total thanks : 1) Kalpesh Chauhan

as 1

Attached File : 27_as_1.doc

suggestted answers of AS of PE-II.

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