for may '2011 final students

Hai ram singh,how is your trip? Am doing final & my exam will on May 2011, yet i couldn't start. I tried to study many times & started, but it ends up with in one/ two days. I haven't get any exam leave except few days just before exam. My office time 9.30am to 5pm from Monday to Saturaday.So i request you to give an idea, time and way to approach to studies. I haven't attended any coaching classes.when am going to start my studies, some personal matters affect my mind and it will goes to end. Am thinking to write both groups.reply me as early as possible.As i passed through your posted replies, it has some energy to boost up. thanks.waiting for your reply.

first of all give up the idea of attendint the classes and u r right to preparedby yourself and for start about u r studies with a goal in u r mind , rather than study approach first of all u should motivate u rself , just think about the future u have after  u get pass i think thats the best motivating thing rather than read about others and again first make  u mind prepared that u need to clear final in this attempt only , then start u r studies with the theory paper for furture assistance fell free to contact me

the trip was really great , i will load all the cd and photes in few days ,thanks

dnt ever forget to look upon the recent amendements for the direct and indirect tax provided by the institute on the site bcause both contain atleast 15 marks each on recent amendments on the site:-

https://www.icai.org/post.html?post_id=6164

its must to read for indirect and direct tax

Hi Ram..Nice to see u back..Seems u had a nice time in Manali..

Want to ask one doubt in Company Law. When there is no provision in the articles for payment of dividend proportionate to paid up capital, dividend is paid on the nominal value of shares. The Munish Bhahdari book says so. Have also seen a case law suggesting same. But I'm a bit confused. We know that table A should be adopted when articles are silent. So shouldnt reg.88 of table A be adopted(which provides for payment proportionate to paid up capital) when the articles are silent in the above matter. 

first of all thanks , and ya enjoyed the trip alot .

now ,yes when the article is silent u will adopt the table a or if its specified not to apply table a article , now regarding u r question the divend is paid on the nominal value of shares not on paid up value even the article i.e. table a contain and says so , u r getting confused about reg.88 which says to apply unless and until its specifically mention in article , so the dividend is paid on the nominal value not on the paid up value unless and until its specified , u r going through law  in recent  more weightage is given to audit and accounts so be prepare for that and all the chapters  most imp is director . rem that and also try to apply provision mutually just go through the last year papers after u complete company law

take care

Section 93 gives an option to the company to pay dividend proportionate to paid up capital by making a provision therefor in the articles.. Since it is not compulsory  to make this provision in the articles, dividend should be based on nominal value when the articles are silent. Thats what u r telling, rite?  Yeah, I also think so. But what made me confused is a somewhat similar provision u/s 254. Please read that section & reg. 64 of table A. If no provision is made in the articles in this case, would section 254 apply or should we adopt table A? I mean whether the subsribers will be deemed to be the first directors or should the first directors be selected by subsribers as per table A?

dnt get confused about all this ,  just remember if there is no provision in the article the dividend is suppose to be paid on the nominal value of the share not on the paid up value .

now again if there is specific provision regarding payment of the dividend which specified that payment of the dividend on the paid up value .

u are just making kichadi of the all different provisions .

Hi..I just wanted to know the logic behind different treatment of table A under different sections(In respect to section 254, table A is adopted when the articles are silent whereas it is not adopted when the articles are silent in case of section 93). It was not intended to mix sections & create unnecessary confusion. 

Regards,

Jithin

law is subject to changes as the time required , previously when the ipc had been written there is no use of typewriter so even the type documents are not added as a evidence under sec 27 but as the time progress its had been modified and added as an evidence , again while going through income tax u find its quite intreasting responsiblity of the auditors when he know that the client had hidded or not disclose the matterial facts , infact u should read it properly because in this attempt its very much in the expected list under tax what is the treatment or action when u come to know that the client had not disclose the material facts .

now as far as table a  is concerned u need to adopt it when the company decided not to make its own article again the company had an option to make its own article and when the article is silent it will not adopt the table a  , there any many sec  which are recomantary not mandatory like sec. 254 for the appontment of dirtectors , qualification of shares  just to brief sec 254 , if the directors name has not been given then all the subscribers of memorandum are suppose to be the directors now here they dnt need to get the qualification shares even if the article want to hold them bcause they are not directors apponted by the shareholders they are treated as deemed directors .

to get the complete undestanding just go to munish bhandari book quesion num 16 page no 41  you will find in details

like all the 3 cases where if the name of the directors are given / not given /mode of appointment just refer it if found any problem then we will discuss it furture

Hi, thanks for explaining the evolution of law,etc. Had read the examples u mentioned a few days ago. Will read it again & come back with my doubt after a few days(now am a bit busy). 

Thanking you, Jitihn.

busy in u studies is quite good not anywhere else plz till u r exams bcause i want to see u in the rank list and u can do it

best luck for u r studies jatin

prateek go for tn manoharan actually singhania is best but its so vast that  all the provision are in so much detail its very hard to remember them its good for professionals but for studies go for tn manoharan , econd go chapter wise bcause the whole book is connected u can even start with wealth tax . rem the important provision there is always 10 -15 marks on the recent amendements which u will find on the site of icai.org so read them , previous year exam papers are not uselful as far as both direct and indirect tax are concerned .

divide it in two section one is for procedure part first prepare for all the exemtions , head and deductions always rem. there is different provison for tax treatment regarding the different persons so you need to look for computation of each person then go for the procedure part

10 marks are a gift for wealth tax so always score out of in wealth tax just the day u start the tax its look very tough but as u procced its quite intresting provided u had taken the right book thats why i recommend manoharan bcause singhania is so complex that u will never understand the language unless u refer it before and even the details are never ask in the exams , its quite useful when u want to take exemption for client in practice .

first look for basics , then exemption then heads of income then computaion and dedution

once u finish all this message me i will tell u how to make chart and read the procedure part its too easy if u read with the way i suggste you bcause i even find it quite tough to remember but when u make all the chart and follow up of 5 pages then u might read all the procedure part very easilyly

take care and hope it will help u out any thing more u want just message me

note:-   read the recent amemdments its always there for 10 marks in exams

howz studiesare going up with u r friends i think quite hard working is going on just 135 days remaning for the exam fasten u r belt now atleast and the ready to take off bcause very soon u r suppose to get a leave from the office even

Originally posted by : ramsinghania
	busy in u studies is quite good not anywhere else plz till u r exams bcause i want to see u in the rank list and u can do it best luck for u r studies jatin

Wow..Thanks for ur wish..But merit list is very unlikely. Like what happens with most of the ca students, my preparation too went all  wrong(except in accounts & sfm). Anyway will give my best in these 4 months & try to make up for the time I wasted. Hope to clear 1st group & may be 2nd group too. Actually I am inspired by u. If u cud write the exams with just 3.5 months of preparation & still be confident of clearing, then why I cant clear..

Wish u all the best for ur results. Want to see "to be a ca in jan" in ur profile being changed to "Chartered Accountant" on Jan 21st.

Regards,

Jithin