CAclubindia Articles

Case Study: Change in Accounting Estimates And Errors Reporting

FCS Deepak Pratap Singh 29 August 2024 at 08:39

In the given case, the retrospective restatement has no effect on the information in the balance sheet at the beginning of the preceding period (i.e., 1st April 2021). Therefore, PQR Ltd. is not required to present a third balance sheet.

Valuing Securities Using the Option Pricing Method

ValuGenius Advisors LLP 28 August 2024 at 14:17

The option pricing method (OPM) is a widely used approach for allocating equity value to various securities within the intricate capital structures of privately held companies.

IBBI's New Proposal: Streamlining MSME Resolution with Registration and Disclosure Reforms

CS Peer mehboob 28 August 2024 at 14:09

On August 23, 2024, the Insolvency and Bankruptcy Board of India (IBBI) introduced a discussion paper proposing crucial amendments to the IBBI(Corporate Insolvency Resolution Process) Regulations, 2017 (CIRP Regulations).

Case Study: Revenue Recognition

FCS Deepak Pratap Singh 28 August 2024 at 08:41

The entity ABC is a public limited company domiciled in India. The Government of India holds 52% in the paid-up equity capital of the company as of 31st March, 2023

Potential Changes in GST Slabs: 12% vs 18% GST Slabs

Sachin 28 August 2024 at 08:35

A ministerial group is thoroughly reviewing GST rates in the 12% and 18% brackets. Decisions on potential changes are expected by the end of September.

GST Taxpayers Without Valid Bank Account to Be Barred from Filing GSTR-1 from 1st September

Sachin 27 August 2024 at 08:36

From September 1, 2024, GST taxpayers must have a valid bank account linked to their GST registration to file GSTR-1.

Buyback of Shares - Process and Taxation

CS Akansha Rathi 27 August 2024 at 08:32

The buyback of shares is a corporate financial strategy where a company repurchases its own shares from existing shareholders. This process reduces the number of outstanding shares, thereby increasing the ownership stake of remaining shareholders.

Unpaid and Unclaimed Dividend - Treatment and Transfer to Investor Education and Protection Fund IEPF

Affluence Advisory 27 August 2024 at 08:32

The shareholders in a Company except a Company registered under Section 8, are eligible to get a portion of the Company's profit depending on the number of shares held, this is known as a dividend. It is a distribution of gains by a Company to its members/shareholders.

Removal of Auditors under the Companies Act, 2013: A Comprehensive Legal Analysis with Case Law

CS Akshi Jain 26 August 2024 at 14:29

This article provides an exhaustive legal analysis of the process and conditions for the removal of auditors under the Companies Act, 2013, supported by relevant case law that elucidates the application and interpretation of these provisions.

Bursting the Handi of Fake GST Registration!!

CA Umesh Sharma 26 August 2024 at 13:52

Celebrate Janmashtami with Krishna's wisdom on good triumphing over evil. Discover the government's second special drive against fake GST registrations and its role in combating fraud in the GST system, much like breaking the Dahi Handi to reveal hidden treasures.