Corporate Law Articles

Section 143 of Co. Act, 2013

Posted by MANSHI BAID 14 March 2015 45079 Views

POWER AND DUTIES OF AUDITOR AND AUDITING STANDARDSSEC 143(1): This section provides that the auditor of the company shall have the right to have access at all the times to the books of accounts and vouchers of the company

Companies Act, 2013- Sec 447 & 448 - Fraud

Posted by CA Sripriya K 12 March 2015 58358 Views

1.Introduction Aspect Intent Result Punishment Sec 447 fraud in relation to affairs of a company or any body corporate, includes any act, omission, concealment of any fact or abuse of position comm

Independent Directors- How much independent in India?

Posted by Ca Jai Prakash Agarwal 12 March 2015 12448 Views

The concept of independent directors is very holy concep

Cash flow statement (CFS) is mandatory

Posted by SAMEER AHMED 11 March 2015 83092 Views

Earlier Company act 1956 didnt include cash flow statement in the Defination of Financial statement,However as per New Company Act 2013, the Cash flow statement shall to prepare.As per Sec 2(40) for financial statement in relation to a

Expiry date for directors

Posted by Sundharesan Jayamoorthi 10 March 2015 30651 Views

March 31 is round the corner and every director has to be doubly vigilant about his existence as some of the mundane provisions listed out in the Companies Act, 2013 (Act) prescribe for a expiry date for a director in case of certain no

Secretarial Audit - Companies Act 2013

Posted by KASHIF ALI 05 March 2015 12009 Views

SECRETARIAL AUDIT Secretarial Audit is introduced by recently enacted Companies Act, 2013. It is a process to check compliances made by the Company under Corporate Law & other laws, rules, regulations, procedures etc. It is a mech

Mortality of independent directors

Posted by Sundharesan Jayamoorthi 11 March 2015 10243 Views

Independent Director is an important character inside any listed companys boardroom and in some of the well-governed companies. Few decades back the independent director used to be hand picked personally by the CEO and the name was recommended

Companies Act, 2013- Sec 128 books of accounts

Posted by CA Sripriya K 26 February 2015 78188 Views

Introduction Section 128 of the Companies Act deals with the books of accounts to be kept by the company. As per this section every company shall prepare and keep at its registered office books of account and other relevant books and papers and

Offences for which punishment for fraud prescribed u/s 447

Posted by CS M.Kurtrala Nathan 26 February 2015 6242 Views

Section 447 Punishment for Fraud: Any person who is found to be guilty of fraud Imprisonment for a term which shall not be less than 6 months but which may extend to 10

Much ado about nothing in section 188 (Related Party)

Posted by ANMOL JHA 24 February 2015 7767 Views

The section 188 of the Companies Act, 2013 imposes restrictions/conditions relating to related parties transactions and for the purpose of imposing restrictions and conditions the said section 188 authorizes Central Government to make rule. The Cent