Articles by CA Nitesh Kumar More

Details on LLP

CA Nitesh Kumar More 23 May 2014 at 12:13

What is LLP? LLP is an alternative corporate business form that gives the benefits of limited liability of a company and the flexibility of a partnership. The LLP can continue its existence irrespective of changes in partners. It iscapable of enterin

FAQs on Section 185 along with planning

CA Nitesh Kumar More 13 May 2014 at 11:41

Q1: What are the prohibitions on sec 185? Ans: No company can directly or indirectly advance loan to its directors or to other persons in whom directors are interested. No company can give any

New provisions applicable wef 1st April under Co Act 2013

CA Nitesh Kumar More 04 April 2014 at 11:43

1. Now, the Appointment of Company Secretary is required only for Public Limited Companies having paid up capital more than 10 Crores whereas Private Limited Companies are exempted from appointment of Key Managerial Personnel. 2. Form MGT 7: Annual R

How to improve Bank Audit Appointment System?

CA Nitesh Kumar More 05 March 2014 at 13:21

PRESENT APPOINTMENT SYSTEM: A) Every year, ICAI forward the Bank Branch Auditors Panel to Reserve Bank of India. The said panel was classified into following three lists by RBI:- i. List of auditors stationed at cooling period (applicable to

Analysis of Provisions on Statutory/Cost/Secretarial Audits & Auditors

CA Nitesh Kumar More 04 March 2014 at 11:52

THE COMPANIES ACT 2013(Chapter X- Sections 139 to 148 & 204) About the Act The long-awaited new Companies Bill 2012 has at last seen the light of the day as The Companies Act 2013 (Act No.18 of 2013) with its publication in the Gazette of India E

Key Budget Highlights

CA Nitesh Kumar More 18 February 2014 at 11:24

Taxation -No changes proposed in the tax laws-Excise duty on consumer durables and capital goods cut from 12% to 10%-Rice transport and process exempted from service tax-Reduction in excise duty for auto sector-Excise duty reduced for small cars from

Dividend provisions - Critical analysis

CA Nitesh Kumar More 24 December 2013 at 13:20

Section 205 of the Companies Act 1956 read with Article 85 of Table A deals with payment of Dividend Section 123 of the Companies Act, 2013 provides for declaration of Dividend. and Table F of article 80 of Articles of Association provide

Companies will not be able to receive share app money in cash

CA Nitesh Kumar More 08 November 2013 at 11:30

Penalty upto 2 crores: Private/Public Ltd. Co. will not be able to receive share application money in cash, utilize share application money for business & will have to open separate a/c for share application Many of the private limited compani

Can a company give loan to its group companies?

CA Nitesh Kumar More 06 November 2013 at 12:19

Many corporate including Pvt Ltd Cos have other related group companies and they transfer money to & from other company as and when require. Stop doing th

CBDT harsh on CA Faternity

CA Nitesh Kumar More 01 October 2013 at 19:14

CBDT Sub - Extension of submission of time for submitting TAR & ITR 7 reasons: Why should CBDT extend time